New Millennium Iron Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company realized a net loss of $27,766,000 or $0.15 per share compared to a net loss of $1,472,000 or $0.01 per share for the comparative period in 2014. This loss is mainly due to a non-cash impairment on long-term investments in TSMC in the amount of $26,799,000 (2014 ­ Nil) as well as general and administrative expenses of $1,413,000 (2014 - $1,659,000) net of investment income of $161,000 (2014 - $186,000) and a reversal of provision due to NNK Trust of $285,000 (2014 ­ Nil).

For the nine months, the company realized a net loss of $30,008,000 or $0.17 per share compared to a net loss of $5,025,000 or $0.03 per share for the comparative period in 2014. This loss is mainly due to a non-cash impairment on the long-term investment in TSMC in the amount of $26,799,000 (2014 - Nil) as well as general and administrative expenses of $3,998,000 (2014 -$5,703,000) net of investment income of $502,000 (2014 ­ $655,000) and a reversal of provision due to NNK Trust of $285,000 (2014 - Nil).