The Lamalee property was/is a lame horse at today's iron ore price and for the forseeable future. Rather than put it out of its' misery, Lamelee Iron Ore elected to walk it back to Fancamp's stable. FNC can decide whether it wants to continue to keep it alive by paying any claim-holding/mining rights expenses (which I suspect are minimal)

"(Its 43-101 technical report dated December 19,2014 for the Lamêlée project (the "Technical Report"),an average price of US$97.50 Mtonne (CFR China),which is based on a long term perspective was used;not on current prices.)"