Alderon Iron Ore Corp. announces an update with respect the US$14 million loan facility, plus accrued interest and fees, due to Sprott Resource Lending. As previously disclosed, the Company did not repay the Loan Facility as of the maturity date and Sprott has been in a position to realize on its security, resulting in the Company losing its [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Alderon Iron Ore Corp. is pleased to announce that the Company concluded a successful China mission to advance its relationship with key stakeholders of the Kami Iron Ore Project, located in western Labrador. A number of significant meetings were held on November 12, 2018, including a meeting between Honourable Dwight Ball, Premier of Newfoundland [...]
