Alderon Iron Ore Corp.

Alderon Iron Ore Corp. announces an update with respect the US$14 million loan facility due to Sprott Resource Lending. Sprott previously agreed to an extension of the maturity date of the Loan Facility to March 31, 2020. The Company did not repay the Loan Facility as of the maturity date. The Company’s obligations under the Loan Facility are secured against the Kami Project. As the Company has not repaid the Loan [...]

Alderon Iron Ore Corp. announces an update with respect to transaction and corporate matters. Alderon previously announced a letter of intent with the Tunghsu Group Co., Ltd. with respect to an investment transaction. Since the announcement of the Transaction, Alderon and Tunghsu have been negotiating the terms of the definitive agreements for the Transaction and have made substantial progress. Unfortunately, during this [...]

Alderon Iron Ore Corp. is pleased to announce that it has entered into a letter of intent with the Tunghsu Group Co., Ltd. with respect to an investment transaction pursuant to which the Investor will acquire a 26%-38% interest in The Kami Mine Limited Partnership for consideration of between US$15 million to US$23 million . A portion of the funds received from this investment will be used to repay the US$14 million loan [...]

Alderon Iron Ore Corp. is pleased to announce that The Kami Mine Limited Partnership has agreed with Sprott Resource Lending to extend the term of the US$14 million loan facility. The Loan Facility had an original maturity date of December 31, 2019 and will now be extended to February 14, 2020. Alderon and the Kami LP are currently evaluating several strategic transactions and this extension provides additional time to [...]

Alderon Iron Ore Corp. announces that Mr. John Baker has resigned as a Director of Alderon. Mr. Baker has been involved with Alderon since 2010 and has made many valuable contributions to Alderon’s development. The Board would like to acknowledge and thank Mr. Baker for his service and contributions to the Company. About Alderon Iron Ore Corp. Alderon is a leading iron ore development company in Canada. The Kami [...]

Alderon Iron Ore Corp. announced that the nominees listed in the management information circular for the 2019 Annual General Meeting of shareholders were elected as directors of Alderon. Detailed results of the vote for the election of directors held at the Annual General Meeting on June 19, 2019 in Montreal, Québec are set out below: Votes for % Votes for Votes withheld % Votes withheld Mark J. Morabito 75,441,775 [...]

MONTRÉAL, Québec, Feb. 27, 2019 -- Alderon Iron Ore Corp. is pleased to announce that it and The Kami Mine Limited Partnership have signed a Memorandum of Understanding with Envest Corp. ‒ an independent power producer specializing in the financing, development, ownership and operation of mid-market energy infrastructure projects in North America. The MOU provides that The Kami LP and Envest will enter into [...]

MONTRÉAL, Jan. 29, 2019 -- Alderon Iron Ore Corp. is pleased to announce that it has appointed Scotiabank as its financial advisor with respect to strategic transactions, and equity and debt financing for the construction and commissioning of the premium-quality Kami Iron Ore Project , located in western Labrador . Scotiabank is a leading provider of a full range of financial products and services to the global [...]

Alderon Iron Ore Corp. is pleased to announce that it and The Kami Mine Limited Partnership have signed a Memorandum of Understanding with Schneider Electric Canada Inc. , a global and Canadian leader committed to providing safe and reliable energy. The MOU provides for The Kami LP to evaluate the lease or purchase of equipment from Schneider Electric for use in the Kami Iron Ore Project , located in western Labrador. The [...]

Dear Friends of Alderon Iron Ore Corp., As the year comes to a close, Alderon has taken time to reflect on the significant events that have strengthened its commitment to its partners and communities, while the resilience of the iron ore price and grade premia continued to open up a window for financing of the high-grade Kami Project. The Company now turns its attention to the new year, in effort to secure financing and [...]