GlobeNewswire: Alderon Iron Ore Corp. Contains the last 10 of 159 releaseshttp://www.globenewswire.com/External?Length=42024-03-29T13:45:55ZGlobeNewswirehttp://www.globenewswire.com/External?Length=4newsdesk@globenewswire.com (NewsDesk)https://www.globenewswire.com/news-release/2020/04/28/2023781/0/en/Alderon-Provides-Corporate-Update.html?f=22&fvtc=4&fvtv=40697Alderon Provides Corporate Update2020-04-28T22:00:00Z<![CDATA[VANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) announces an update with respect the US$14 million loan facility, plus accrued interest and fees, (the “Loan Facility”) due to Sprott Resource Lending (“Sprott”). 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 interest in the Kami Project. For a period of over 18 months the Company, overseen by an independent Board committee and advised by external legal and financial advisors, pursued all available alternatives including strategic transactions, and equity and debt financings. After the termination by Tunghsu Group Co., Ltd. of its investment due to COVID-19, the Company was left with limited alternatives. The Company continued to explore all available alternatives, including a corporate transaction or a further extension with Sprott under a care and maintenance scenario. Unfortunately despite these efforts, the Company has been unable to negotiate an alternative. Sprott has stated it intends to enforce its security and seize the Kami Project and all related assets.]]>https://www.globenewswire.com/news-release/2020/04/01/2009908/0/en/Alderon-Provides-Loan-Update.html?f=22&fvtc=4&fvtv=40697Alderon Provides Loan Update2020-04-01T11:30:00Z<![CDATA[VANCOUVER, British Columbia, April 01, 2020 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) announces an update with respect the US$14 million loan facility (the “Loan Facility”) due to Sprott Resource Lending (“Sprott”). 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 secured against the Kami Project. As the Company has not repaid the Loan Facility, Sprott may realize on its security and the Company could lose its interest in the Kami Project. At this time, Sprott has not made a determination regarding the enforcement of its security. The Company continues to evaluate potential alternatives, including a corporate transaction or extension of the Loan Facility. There is no certainty that any alternative will be realized or that Sprott will be prepared to extend the terms of the Loan Facility. The Company will provide additional updates on this matter via press release when available.]]>https://www.globenewswire.com/news-release/2020/03/26/2006899/0/en/Alderon-Provides-Corporate-Update.html?f=22&fvtc=4&fvtv=40697Alderon Provides Corporate Update2020-03-26T11:30:00Z<![CDATA[VANCOUVER, British Columbia, March 26, 2020 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) announces an update with respect to transaction and corporate matters. Alderon previously announced a letter of intent (the “LOI”) with the Tunghsu Group Co., Ltd. (“Investor”) with respect to an investment transaction (the “Transaction”) (see press release dated February 18, 2020). Since the announcement of the Transaction, Alderon and Tunghsu have been negotiating the terms of the definitive agreements for the Transaction and have made substantial progress. Unfortunately, during this period, the outbreak of the novel coronavirus (COVID-19) has developed into a pandemic and this is having a material adverse effect on global economic conditions. Citing the volatility and uncertainty created by the COVID-19 pandemic, both in the global financial markets as well as the iron ore market, Tunghsu has advised Alderon that it is terminating the Transaction.]]>https://www.globenewswire.com/news-release/2020/02/18/1986032/0/en/Alderon-Announces-Investment-Transaction-with-Tunghsu-Group.html?f=22&fvtc=4&fvtv=40697Alderon Announces Investment Transaction with Tunghsu Group2020-02-18T11:00:00Z<![CDATA[MONTRÉAL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) is pleased to announce that it has entered into a letter of intent (the “LOI”) with the Tunghsu Group Co., Ltd. (“Investor”) with respect to an investment transaction pursuant to which the Investor will acquire a 26%-38% interest in The Kami Mine Limited Partnership (“Kami LP”) for consideration of between US$15 million to US$23 million (the “Transaction”). A portion of the funds received from this investment will be used to repay the US$14 million loan facility (the “Loan Facility”) due to Sprott Resource Lending (“Sprott”). As a result of the LOI, Sprott has agreed to a further extension of the maturity date of the Loan Facility to March 31, 2020. Based on transaction progress, Sprott will consider in its discretion a further extension beyond March 31, 2020.]]>https://www.globenewswire.com/news-release/2019/12/23/1964105/0/en/Alderon-and-Sprott-Agree-to-Loan-Extension.html?f=22&fvtc=4&fvtv=40697Alderon and Sprott Agree to Loan Extension2019-12-23T14:00:00Z<![CDATA[MONTRÉAL, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) is pleased to announce that The Kami Mine Limited Partnership (“Kami LP”) has agreed with Sprott Resource Lending (“Sprott”) to extend the term of the US$14 million loan facility (“Loan Facility”). The Loan Facility had an original maturity date of December 31, 2019 (the “Original Maturity Date”) and will now be extended to February 14, 2020. Alderon and the Kami LP are currently evaluating several strategic transactions and this extension provides additional time to continue to pursue these opportunities.]]>https://www.globenewswire.com/news-release/2019/12/16/1961262/0/en/Mr-John-Baker-Resigns-from-the-Board-of-Alderon.html?f=22&fvtc=4&fvtv=40697Mr. John Baker Resigns from the Board of Alderon2019-12-16T22:00:00Z<![CDATA[MONTREAL, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) 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.]]>https://www.globenewswire.com/news-release/2019/06/20/1872199/0/en/Alderon-Announces-AGM-Results.html?f=22&fvtc=4&fvtv=40697Alderon Announces AGM Results2019-06-20T21:59:55Z<![CDATA[MONTREAL, June 20, 2019 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) 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:]]>https://www.globenewswire.com/news-release/2019/02/27/1743858/0/en/Alderon-Signs-Energy-Infrastructure-MOU-with-Envest-Corp-for-the-Premium-Quality-Kami-Iron-Ore-Project.html?f=22&fvtc=4&fvtv=40697Alderon Signs Energy Infrastructure MOU with Envest Corp. for the Premium-Quality Kami Iron Ore Project2019-02-27T22:28:26Z<![CDATA[MONTRÉAL, Québec, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) is pleased to announce that it and The Kami Mine Limited Partnership (“The Kami LP”) have signed a Memorandum of Understanding (“MOU”) with Envest Corp. (“Envest”) ‒ an independent power producer specializing in the financing, development, ownership and operation of mid-market energy infrastructure projects in North America. The MOU provides that The Kami LP and Envest will enter into transactions whereby Envest will acquire and manage the equipment that The Kami LP intends to procure from Schneider Electric for use in the Kami Iron Ore Project (“Kami Project”), located in western Labrador (see news release dated January 9, 2019). This transaction is expected to provide up to US$35 million for power infrastructure. In addition, Envest and The Kami LP will explore the potential for additional financial solutions from Envest for other equipment that will be utilized in the Kami Project.]]>https://www.globenewswire.com/news-release/2019/02/27/1743858/0/fr/Alderon-signe-un-protocole-d-entente-avec-Envest-Corp-pour-l-infrastructure-%C3%A9nerg%C3%A9tique-du-projet-de-minerai-de-fer-de-qualit%C3%A9-sup%C3%A9rieure-Kami.html?f=22&fvtc=4&fvtv=40697Alderon signe un protocole d’entente avec Envest Corp. pour l’infrastructure énergétique du projet de minerai de fer de qualité supérieure Kami2019-02-27T22:28:26Z<![CDATA[MONTRÉAL, Québec, 27 févr. 2019 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX : IRON) (« Alderon » ou la « Société ») est heureuse d’annoncer que, en collaboration avec The Kami Mine Limited Partnership (« Kami LP »), elle a signé un protocole d’entente avec Envest Corp. (« Envest »), un producteur indépendant d'énergie spécialisé dans le financement, le développement, la possession et l'exploitation de projets d'infrastructure énergétique du marché intermédiaire en Amérique du Nord. Le protocole d’entente prévoit que Kami LP et Envest concluront des transactions dans le cadre desquelles Envest financera l’achat et assurera l’entretien de l’équipement que Kami LP entend acquérir de Schneider Electric aux fins de son projet de minerai de fer Kami (le « Projet Kami ») situé dans l’Ouest du Labrador (voir le communiqué de presse publié le 9 janvier 2019). Cette transaction devrait permettre d’obtenir un financement à hauteur de 35 millions de dollars US pour l’infrastructure électrique. En outre, Envest et Kami LP se pencheront sur d’autres solutions financières potentielles que peut proposer Envest pour d’autres équipements utilisés dans le cadre du projet Kami.]]>https://www.globenewswire.com/news-release/2019/01/29/1706721/0/en/Alderon-Appoints-Financial-Advisor-to-Arrange-Transaction-for-the-Development-of-the-High-Grade-Kami-Iron-Ore-Project.html?f=22&fvtc=4&fvtv=40697Alderon Appoints Financial Advisor to Arrange Transaction for the Development of the High-Grade Kami Iron Ore Project 2019-01-29T12:30:00Z<![CDATA[MONTRÉAL, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX: IRON) ("Alderon" or the “Company”) 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 (“Kami Project”), located in western Labrador (the “Transaction”).]]>