Mesabi Metallics, an Essar Group company, is constructing a state-of-the-art 7-million metric ton Direct-Reduction (DR) grade iron ore pellet and mine with resources of 1.3 billion tons on over 16,000 acres in Nashwauk, Minnesota. The project is on track to be commercially operational in 2026, and once completed, it will be the first new mine and pellet plant in Minnesota in almost 50 years. Mesabi’s DR grade pellets will be strategically positioned to meet the demand of the Electric Arc Furnace market, ensuring supply chain security for DR grade pellets in the United States and replacing foreign imported pellets while powering the decarbonization of steel production.