Expansion into new iron-making facilities Cleveland-Cliffs Inc. has invested in building novel facilities for iron and steelmaking using hydrogen technology, presenting an opportunity to offer cutting-edge solutions to steel manufacturers seeking environmentally sustainable production methods.

Investment in hot briquetted iron production With plans to become the sole producer of hot briquetted iron (HBI) in the Great Lakes region by developing a production plant in Toledo, OH, Cleveland-Cliffs Inc. can target steel companies in the region with a unique and valuable product offering.

Strategic acquisitions for expanded market presence By acquiring Midwest assets of a Russian steelmaker and investing in aluminum capabilities through promoting George Frost to Vice President - Aluminum, Cleveland-Cliffs Inc. has positioned itself to broaden its product portfolio and attract new customers in diversified segments.

Government funding for decarbonization projects Securing $575 million in federal funding for decarbonization initiatives provides Cleveland-Cliffs Inc. with the resources to develop sustainable solutions, making the company an attractive partner for steel manufacturers committed to reducing their carbon footprint.

Investment from wealth management firms Receiving investments from firms like Mission Wealth LP and Perigon Wealth Management LLC demonstrates investor confidence in Cleveland-Cliffs Inc.'s growth potential, signaling credibility to potential customers and partners looking for stable and promising business partners.