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Company Highlights
- Alderon Iron Ore is a development-stage company advancing the Kami Project located in the Labrador Trough, Canada’s premier iron ore mining district
- 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
- 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
- Kami will produce a premium quality iron ore product, ideal for blending and China's clean air requirements
- Alderon is effectively re-booting its Kami Project to take advantage of improved iron ore prices, reduced CAPEX requirements, and available infrastructure
- The Kami project will positively impact Canada’s economics, including creating more than 100,000 jobs, generating $7.6 billion in incomes to workers and businesses, and $4.4 billion in federal and provincial government revenues
- 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
Alderon is part of the King and Bay West Group, a Canadian company that specializes in identifying, funding, developing, and managing high-quality mineral resource properties and technology-based opportunities.