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Alderon Iron Ore Corp

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Market:
TSX
Market Cap:
$23.69 m
Price
0.17 CAD
Change
-8.11%
52 weeks high
0.50
52 weeks low
0.15

In brief

Alderon Iron Ore is a development-stage company advancing the Kami Project located in the Labrador Trough, Canada’s premier iron ore mining district

The Kami property is surrounded by two producing mines and is in close proximity to a common carrier railway, as well as a deep-sea port providing year-round access to the global market

NI 43-101 Mineral Resource Estimate of 1.2 billion tonnes Measured and Indicated at 29.8% iron and an additional 522.6 million tonnes Inferred at 29.5% iron

With the completion of a Preliminary Economic Assessment in February 2017, Alderon is effectively re-booting its Kami Project to take advantage of improved iron ore prices, reduced CAPEX requirements, and available infrastructure

Proven management team with strong relationships and ties to the community and government, as well as a strategic partnership with HBIS Group, China’s second largest steel producer