North American Iron Inc. (NAI), together with its parent company Scranton Holding Company (SHC) and affiliated company Calumet Reclamation Company (CRC), collectively referred to as the Company, has announced the successful completion of additional follow‑on financing, which closed June 28, 2026. The follow‑on financing advances North American Iron’s innovative iron ore reclamation and pig iron manufacturing project in the United States.
The financing strengthens the Company’s ability to move forward with its fully integrated model to reclaim existing iron ore stockpiles in Minnesota and convert them into pig iron in North Dakota, supporting domestic steel production.
Latham & Watkins LLP represents Scranton Holding Company in the transaction with an M&A/PE and Emerging Companies & Growth team led by Boston partner Todd Gleason, with associate Erik Thompson.
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