Bullboard - Stock Discussion Forum Alderon Iron Ore Corp AXXDF

Alderon Iron Ore Corp is a Canada based development-stage company. It is conducting iron ore evaluation activities related entirely to its Canadian properties located in western Labrador in the province of Newfoundland and Labrador. The company's operating segment is the acquisition, exploration, and evaluation of mineral resources. Its flagship project is the Kami Iron Ore project located in... see more

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Alderon Iron Ore Corp > update

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Post by donaldrideout on Mar 22, 2021 1:24pm

update

https://altiusminerals.com/storage/press-releases/2020-11-16-altius-reports-kami-acquisition-final-1605537857.pdf

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Comment by Surprise on Mar 22, 2021 2:52pm

Old news right?

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Comment by donaldrideout on Mar 22, 2021 3:04pm

I understand you have reached out to Deloitte in respect of the Alderon/Kami receivership. The sale of the Kami mine was approved by the Court on November 13, 202. It was anticipated that the sale would close prior to December 31, 2020. Due to a requirement for the purchaser to consult with two First Nation communities prior to the NL Gov’t agreeing to transfer the mine licenses and ...more

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Comment by donaldrideout on Mar 22, 2021 3:05pm

Hello; You will have to speak to Altius in respect of its press release. The Receiver can comment on the sale which I previously did, and the timing of the subsequent claims process which is expected to begin on May 1, 2021 after obtaining Court approval for such claim process (assuming the sale closes on March 29th and the receiver can gain access to the Court prior to May 1, 2021).

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