New Millennium Iron Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the three months ended June 30, 2016, the Company realized a net loss of $1,796,000 or $0.01 per share compared to a net loss of $1,087,000 or $0.01 per share for the comparative period in 2015. This loss is due to general and administrative expenses of $1,860,000 and the net of investment income is $64,000 compared to $166,000 in 2015. For the six months ended June 30, 2016, the Company realized a net loss of $3,439,000 or $0.02 per share compared to a net loss of $2,242,000 or $0.01 per share for the comparative period in 2015. This loss is due to general and administrative expenses of $3,552,000 and the net of investment income of $113,000 compared to $342,000 in 2015. The increase in general and administrative expenses is mainly due to nil recovery from Tata Steel relating to their option on the Taconite Project.