Alderon Iron Ore Corp AXXDF

King&B update. My mouth is shut and my fingers are crossed..

[jalaspen2]

Alderon Iron Ore Corp. announced several major accomplishments at the national and international level this quarter. This included the re-established Montreal office that strengthens Alderon’s presence in Qubec. Excitement surged locally after Alderon launched a social media campaign (using the Twitter handle #JobsForNL) to boost awareness about the Kami Project in western Labrador and the broader province. Alderon also received provincial government support when Honorable Siobhan Coady, Minister of Natural Resources for Newfoundland and Labrador, joined Alderon executives in China to meet with its strategic partner HBIS Group and to advance discussions on the financing of the Kami Project. The China trip was followed by the announcement that Alderon had engaged BBA Inc., to lead an update of the 2012 Bankable Feasibility Study (FS), expected in Q4 2018. At the 2018 AGM in Montreal, Alderon appointed two Directors – Mr. Rolland Morier and Mr. Zhou Wei, whose combined expertise are in areas of finance and business strategy, iron-ore import and export, and aboriginal land claims. Alderon later announced its agreement with Sprott Resource Lending for a US$14 million loan facility – an achievement that signifies a high degree of support from a global leader in resource-asset investments, which strategically positions Alderon for project financing while reducing its debt-load.

For more information on Alderon, please visit their website: www.alderonironore.com

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