Featured News
Dalradian Announces Results of its 2018 Meeting of Shareholders
TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Dalradian Resources Inc. (TSX:DNA) (AIM:DALR) ("Dalradian" or the "Company") is pleased to announce the results of its 2018 annual meeting of shareholders (the “Meeting”) held today in Toronto, Ontario.
Air Products Announces North American Price Increase for Liquid and Bulk Industrial Gas Products
LEHIGH VALLEY, Pa., June 22, 2018 /PRNewswire/ -- Effective July 1, 2018, or as contracts permit, Air Products (NYSE: APD) will increase product pricing and surcharges for merchant customers in North America. The pricing adjustments include increases of:
Melior Adds Non-Executive Director to the Board
TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Melior Resources Inc. (TSXV:MLR) (“Melior” or the “Company”) today announced that Mr. George Lloyd would be joining the board as an independent non-executive director.
US Metal Service Center Revenue to Reach $165 Billion in 2022
CLEVELAND, June 22, 2018 /PRNewswire/ -- Revenues of US metal service centers are forecast to total $165 billion in 2022, according to Metal Services: United States, a report recently released by Freedonia Focus Reports. Expanding durable goods output and construction activity will boost demand for primary metal products and support sales.
Silver Bear Provides Commissioning and Silver Production Update
TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX:SBR) announces it has produced first silver from its operations at its Mangazeisky silver project in Far East Russia.
More Positive Drilling Results From TriStar Gold’s Castelo de Sonhos
SCOTTSDALE, Ariz., June 22, 2018 (GLOBE NEWSWIRE) -- TriStar Gold Inc. (TSX.V:TSG) (the “Company” or “TriStar”) is pleased to report continued successful assay results from the recently completed 42-hole drilling program at the Castelo de Sonhos project (“CDS”). This includes 3m @ 1.2 g/t from surface, 9m @ 1.25 g/t from 22m downhole and 6m @ 1.1 g/t from 54m downhole in RC-18-315 at Esperança South and 6m @ 0.82 g/t in RC-18-318 at Esperança East, a target not included in previous resource estimates (true widths are approximately 90% of the intersection lengths). Results thus far are very encouraging given TriStar’s 2018 drilling goal to target the gaps in existing drilling and extensions beyond the current resource footprint.
Platinum Group Metals Ltd. Reports Continued Listing Plan Accepted by the NYSE American
VANCOUVER, British Columbia and JOHANNESBURG, South Africa, June 22, 2018 (GLOBE NEWSWIRE) -- Platinum Group Metals Ltd. (TSX:PTM) (NYSE American:PLG) (“Platinum Group”, “PTM” or the “Company”) reports that the NYSE American (the “Exchange”) has notified the Company that its plan to regain compliance with the continued listing requirements of the Exchange has been accepted.
Gold Fields and Asanko Receive Ghana Government Approval for Completion of Joint Venture
JOHANNESBURG, June 22, 2018 /PRNewswire/ --
Meritor Appoints Chief Technology Officer
TROY, Mich., June 22, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced that it has named John Bennett to the newly created role of vice president and chief technology officer. This appointment is effective immediately.
Baita Plai Licence Update: Ministerial Agreement Obtained
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

22 June 2018

Alderon Welcomes Rolland G. Morier to its Board of Directors and Announces AGM Results
MONTREAL, June 22, 2018 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX:IRON) ("Alderon" or the “Company”) announced the appointment of new director Mr. Rolland Morier to the Company’s Board of Directors during the Annual General and Special Meeting of shareholders which took place on Thursday, June 21, 2018 in Montreal.
TVI Announces the Results of its Annual Meeting of Shareholders
CALGARY, June 22, 2018 /CNW/ - TVI Pacific Inc. (TSX-V: TVI) (OTC Pink: TVIPF) ("TVI" or "the Company") announces that shareholders have approved of all resolutions brought before them at the Annual General Meeting of Shareholders ("AGM") held on June 21, 2018. A total of 131,355,927 shares were represented in person or by proxy at the meeting, representing approximately 20.04% of the Company's outstanding shares.
Dana Incorporated and Hydro-Québec Announce Strategic Joint Venture
- TM4's motor and inverter capabilities complement Dana's e-Drive design, engineering, and manufacturing
JNA Jewellery Design Competition 2018/19 kicks off
HONG KONG, June 22, 2018 /PRNewswire/ -- JNA of UBM Asia Ltd have launched the JNA Jewellery Design Competition 2018/19 at a dedicated seminar held on the sidelines of the June Hong Kong Jewellery & Gem Fair on 21st June, 2018.
Torex Announces the Results of Its 2018 Meeting of Shareholders
TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announces the results of its 2018 annual and special meeting of shareholders (the “Meeting”) held in Toronto, Ontario on June 21, 2018.
Exercise of Warrants and Issue of Equity
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

22 June 2018

Dalradian files NI 43-101 technical report for the updated mineral resource statement for the Curraghinalt gold deposit
TORONTO, June 22, 2018 (GLOBE NEWSWIRE) -- Dalradian Resources Inc. (TSX:DNA) (AIM:DALR) ("Dalradian" or the "Company") reports that it has filed on SEDAR the National Instrument 43-101 technical report for its updated mineral resource statement for the Curraghinalt gold deposit in Northern Ireland. Highlights of the report were previously announced on May 10, 2018. Because this latest technical report supersedes any previous reports and renders them obsolete, the Company has removed the previous technical report (the 2016 Feasibility Study) from its website and marketing materials. Updated economics for the Curraghinalt gold deposit will be announced in the upcoming feasibility study, expected later this year.
Queensland Bauxite Ltd (ASX:QBL) Q&A on the Merger of QBL, MCL and Medcan Australia
Because of a few poignant questions on yesterday's significant Queensland Bauxite (ASX:QBL) announcement there are dominating queries sent to the Company that obviously need clarification.
Argent Minerals Limited (ASX:ARD) Agreement Executed with Kempfield Neighbours Facilitates Large Scale Project Advancement
Argent Minerals Limited (ASX:ARD), (Argent, or the Company) is pleased to report that it has entered into a new agreement with the owners of the neighbouring Box Hill property to the north of the Company's freehold land at the Kempfield project in NSW. The new agreement replaces and supercedes the previous agreement announced on 27 June 2017.
Ardiden Ltd (ASX:ADV) Due Diligence Drilling Hits the Target Zones at Pickle Lake
Canadian focused explorer and developer Ardiden Limited ("ADV" or "the Company") (ASX:ADV) is pleased to advise the diamond drilling program is progressing quickly with due diligence drilling program successfully hitting the I.F. target zone in each of the seven drill holes at the highly-prospective Kasagiminnis Lake Property in Ontario, Canada.
Blackham Resources Ltd (ASX:BLK) Appointment of Mr Tony James as Director
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) (Blackham or the Company) is pleased to announce the appointment of Mr Tony James as a Non-Executive Director of the Company. Blackham continues to strengthen the experience and composition of its Board and management team, which is focused on the successful delivery of the Company's near and longer-term mine plans.
Investigator Resources Ltd (ASX:IVR) Appointment and Resignation of Non-Executive Directors
Investigator Resources Limited (ASX:IVR) is pleased to announce the appointment of Andrew McIlwain as a non-executive director of the board effective as of 20 June 2018.
White Cliff Minerals Ltd (ASX:WCN) Investor Presentation
White Cliff Minerals Ltd (ASX:WCN) provides the Company's latest Investor Presentation.
Nevada Copper Continues to Expand Open Pit Mineralization and Provides Positive Project Update

June 19, 2018 - Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to provide an operations and drill results update regarding the Underground and Open Pit projects at its 100%-owned, fully-permitted Pumpkin Hollow Project in Nevada.
Nevado announces transfer of listing to NEX
MONTREAL, June 21, 2018 (GLOBE NEWSWIRE) -- Nevado Resources Corporation (TSXV:VDO) (“Nevado” or the “Corporation”) today announced that, effective at the opening of trading on Monday, June 25, 2018, the listing of its common shares will be transferred from Tier 2 of the TSXV to the NEX board of the TSXV. The trading symbol of the Corporation will also change from VDO to VDO.H. There is no change in the Corporation's name or CUSIP number and no consolidation of capital.
Carpenter to Increase Base Prices on Premium Product Portfolio
PHILADELPHIA, June 21, 2018 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced today that it will increase base prices three percent (3%) to five percent (5%) on new non-contract orders across all premium products. The increases will be effective with new orders placed after June 21, 2018.
SEMAFO Announces Retirement of VP, Exploration & Mine Geology; Announces Geology Team Succession
Montreal, Quebec, June 21, 2018 - SEMAFO Inc. (TSX, OMX: SMF) announces the retirement of Mr. Michel Crevier as Vice-President, Exploration and Mine Geology and Qualified Person, effective June 30, 2018. Mr. Crevier will remain available to the Corporation on a consulting basis. As part of Mr. Crevier's succession plan, Richard Roy, who is currently exploration manager, will be promoted to Vice-President, Exploration. Furthermore, François Thibert, manager of the reserves and resources estimation group, will assume the role of Qualified Person in addition to managing mine geology activities.

Retirement of Michel Crevier

Michel Crevier joined SEMAFO in 2006 and has held the position of Vice-President, Exploration and Mine Geology and Qualified Person since 2010. With over 30 years of experience in exploration and mine geology, he successfully led the Corporation's exploration programs in Burkina Faso, Niger and Guinea.

Benoit Desormeaux, President and CEO of SEMAFO, commented: "On behalf of the board, management and stakeholders of SEMAFO, I would like to express my thanks to Michel for the pivotal role he played in SEMAFO's growth and success over the past 12 years. Under Michel's guidance, SEMAFO's exploration programs led to the discovery of 7 million ounces of gold in Burkina Faso and the doubling of mineral reserves. His disciplined approach to exploration focusing on near-mine quality ounces strongly contributed to SEMAFO's development. We congratulate him on his productive career and wish him all the best in his retirement."

Richard Roy Appointed Vice-President, Exploration

Sampling and Mapping Program At Angkor’s Wild Boar and Wild Monkey Prospects Results In 20.6 GPT Gold Grab Sample
SEXSMITH, Alberta, June 21, 2018 (GLOBE NEWSWIRE) -- Angkor Gold Corp. (TSXV:ANK) (OTC:ANKOF) (“Angkor” or “the Company”) CEO Stephen Burega is pleased to provide an update on the recent mapping and sampling program at Angkor’s Andong Meas License in Cambodia.
THB Adds MRO Products and Services into the Company's Portfolio
NORTH SALT LAKE, Utah, June 21, 2018 /PRNewswire/ -- THB, an affiliate of Fairmont Supply, and a leader among distributors of industrial fasteners, has announced the expansion of their product offering to include a full-line of industrial maintenance, repair, and operation (MRO) supplies.
Hotfoil-EHS Expanding to United Kingdom with New Engineering and Manufacturing Center
HAMILTON, N.J., June 21, 2018 /PRNewswire/ -- Hotfoil-EHS, Inc., America's premier manufacturer of industrial heating equipment, announced today the opening of their United Kingdom facility in Birmingham, England.
Leading Edge Materials Produces High Purity Nepheline Co-Product from Norra Karr Rare Element Project
VANCOUVER, June 21, 2018 /CNW/ - Leading Edge Materials Corp. ("Leading Edge Materials") or ("the "Company") (TSXV: LEM) (OTCQB: LEMIF) (Nasdaq First North: LEMSE) is pleased to provide results from recent mineral processing test work carried out on samples from the Norra Kärr rare earth element ("REE") project in Sweden. Work was undertaken on the nepheline/feldspar by-product material, as part of a program to capture value add opportunities that Norra Kärr provides beyond REEs. A Pre-Feasibility Study completed on Norra Kärr in 2015 presented REE as the only economic product but identified a range of opportunities to convert much of the mined material into products for sale while minimizing the environmental footprint of the project.
Antler Gold Arranges Brokered Financing
HALIFAX, June 21, 2018 /CNW/ - Antler Gold Inc. ("Antler") (TSXV: ANTL) is pleased to announce it plans to raise up to $792,000 through a brokered best efforts private placement that will include the issuance of up to 1,200,000 units ("Units") at a price of $0.66 per Unit (the "Financing"), subject to TSX Venture Exchange approval. Each Unit will consist of three flow-through shares ("FT Shares") priced at $0.17 per FT Share and one common share ("Common Share") priced at $0.15 per Common Share. Numus Capital Corp. ("Numus") will act as the broker for the Financing. Insiders and certain other existing shareholders of Antler ("Excluded Purchasers") intend on subscribing for Units under the Financing.
Copper Mountain Mining Corporation Report on Voting Results for the 2018 Annual and Special Meeting of Shareholders
TSX: CMMC
ASX: C6C
Resonetics Announces Acquisition Of Medelec
NASHUA, N.H., June 21, 2018 /PRNewswire/ -- Resonetics announced today that it has acquired Medelec, Puidoux, Switzerland, a leading supplier of metal tubing and other components to the medical device industry. Founded in 1952, Medelec has evolved over three generations of ownership by the Butty family. The company has developed a reputation for the highest quality tubing used in medical devices and works with a wide range of metals including assorted stainless steels and precious and semi-precious metals. In addition to fabricating tubing from flat stock, Medelec offers additional manufacturing capabilities including laser cutting and welding and CNC machining.
Silver Range Partner Trifecta Gold Samples 150 g/t at Yuge Property, Nevada
TSX-V: SNG
Rockhaven Substantially Upgrades Gold and Silver Mineral Resources at its Klaza Project, Yukon
686,000 Indicated and 507,000 Inferred Gold Ounces

VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Rockhaven Resources Ltd. (TSX-V:RK) (“Rockhaven”) is pleased to announce updated Mineral Resource estimates for the high-grade Western BRX, Central BRX, Central Klaza, and Western Klaza zones at its 100%-owned and road accessible Klaza property, located in the Dawson Range Gold Belt of southern Yukon.

Historical drilling provides evidence of shallow, hydrothermally-altered lower-plate bedrock and Nevada Exploration acquires additional 1,900 ha at South Grass Valley - Cortez Trend, Nevada
RENO, Nevada, June 21, 2018 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE) (OTCQB:NVDEF) is pleased to report that a review of historic drilling at its South Grass Valley Project has provided further evidence for the presence of shallow hydrothermally-altered lower-plate bedrock at the company’s South Grass Valley Project (the “Project”).  The Company is also pleased to report that it has significantly increased its land holdings at the Project by staking 227 new claims covering 1,900 ha, bringing the Company’s total holdings at this district-scale project to 4,100 ha.
Trifecta Gold Samples 150 g/t Gold and Expands Land Package at Yuge Property, Nevada
VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Trifecta Gold Ltd. (TSX-V:TG) (“Trifecta”) is pleased to announce results from initial exploration work on the Yuge property with partner Silver Range Resources Ltd. (TSX-V:SNG).  The Yuge property is located in Humboldt County, northern Nevada, approximately 55 km south of Denio in the Varyville Mining District.  The property covers the historical Columbia and Juanita Mines, which produced high-grade gold on a small scale between 1870 and 1937 from strong veins located more than 1,000 m apart within the same structural corridor.  Historical mining only extended down to the bottom of the oxidized zone.  Diamond drilling by previous operators below the Columbia workings produced a true-width sulphide intersect, which graded 9.70 g/t gold over 3.3 m starting 49 m below surface.  This drilling was conducted in 1981 and no drilling has been completed since.
Meritor® Announces Expanded Bearing and Seal Kit Offering
TROY, Mich., June 21, 2018 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced the launch of 20 bearing and seal kits and 70 individual bearings covering popular Meritor and Dana(®) axles for customers requiring a cost-effective solution for high-quality aftermarket parts engineered to exacting specifications. This comprehensive offering covers a significant portion of drive axle carrier assemblies serviced in the North America aftermarket.
Aurion Reports Two New High Grade Gold Discoveries and Provides Update on 2018 Field Exploration Program
TSX-V: AU
'Inside Orefinders: Gold + M&A Thesis', Webinar Available Now
TORONTO, June 21, 2018 /CNW/ - Orefinders Resources Inc. ("Orefinders" or the "Company") (TSX.V: ORX) is pleased to announce that it has posted a new investor webinar on Orefinders.ca, called Inside Orefinders: Gold + M&A Thesis.
Aben Mobilizes to Forrest Kerr Gold Project in BC���s Golden Triangle Region
VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to announce it has mobilized field-crews to its 23,000-hectare Forrest Kerr Gold Project located in BC’s Golden Triangle region to begin the Company’s 2018 summer exploration and field program. Aben is planning a 5000-metre diamond drilling program in approximately 18 drill holes at Forrest Kerr.
Aben Mobilizes to Forrest Kerr Gold Project in BC’s Golden Triangle Region
VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V:ABN) (OTCQB:ABNAF) (Frankfurt:E2L2) (the “Company”) is pleased to announce it has mobilized field-crews to its 23,000-hectare Forrest Kerr Gold Project located in BC’s Golden Triangle region to begin the Company’s 2018 summer exploration and field program. Aben is planning a 5000-metre diamond drilling program in approximately 18 drill holes at Forrest Kerr.
Foran Increases Announced Private Placement and Updates Shareholders on Activities
VANCOUVER, British Columbia, June 21, 2018 (GLOBE NEWSWIRE) -- Foran Mining Corporation (TSX-V:FOM) (“Foran” or the “Company”) wishes to update shareholders on its activities at its 100% owned McIlvenna Bay zinc-copper deposit (“McIlvenna Bay”) in eastern Saskatchewan. McIlvenna Bay is the largest known undeveloped Volcanogenic Massive Sulphide (“VMS”) deposit along the 225 kilometre (“km”) Flin Flon Greenstone Belt. This world class metallogenic belt is host to 29 past and present producing mines, including Hudbay Minerals Inc.’s (“Hudbay”) 777 and Lalor operations.
Sprott US$14 Million Loan Facility Positions Alderon’s High-Grade Iron Ore Kami Project for Continued Re-Boot
MONTREAL, June 21, 2018 (GLOBE NEWSWIRE) -- Alderon Iron Ore Corp. (TSX:IRON) ("Alderon" or the “Company”) is pleased to announce that it and The Kami Mine Limited Partnership (“Kami LP”) have entered into an agreement with Sprott Resource Lending (“Sprott”), a global leader in resource asset investments, for a US$14 million loan facility (the "Loan Facility"). The Loan Facility will provide sufficient funds to repay the loan due to Liberty Metals & Mining Holdings, LLC (“LMM”) and provide additional runway for Alderon to continue the re-boot for the Rose Deposit of the Kamistiatusset Iron Ore Property (the “Kami Project”) in western Labrador. This transaction with Sprott comes as Alderon advances an Updated Feasibility Study scheduled for conclusion this fall. Upon completion, the Updated Feasibility Study is expected to demonstrate that the Kami Project is well-positioned to pursue project financing on account of the improved project economics highlighted in the Updated Preliminary Economic Assessment released November 7, 2017.

“We recognize and greatly appreciate the confidence and support shown by Sprott in providing this financing. We are pleased to be working with the Sprott team as we continue the re-boot of the Kami Project, which will ultimately benefit all of its stakeholders, including the many local and regional interests,” stated Tayfun Eldem, President and CEO of Alderon. “The loan from Sprott will allow Alderon to reduce its overall debt position and provide an extended bridge to the completion of project financing.”

The US$14 million Loan Facility has an initial term of 18-months, maturing on December 31, 2019 (the “Maturity Date”). The Loan Facility may be extended for an additional six-month period subject to the satisfaction of certain conditions. Altius Minerals Corporation (“Altius”), through a wholly-owned subsidiary, will be participating in the Loan Facility by providing US$2 million of the US$14 million principal. The proceeds of the Loan Facility will be advanced to the Kami LP and Alderon is acting as guarantor for the Loan Facility. The proceeds of the Loan Facility will be advanced as a single draw on the closing date. The Loan Facility shall bear interest at 10% per annum, payable monthly. The proceeds of the Loan Facility will be used to repay the existing LMM credit facility and to reimburse Alderon for amounts that are pre-paid to LMM prior to closing.

The terms of the Loan Facility also require the issuance by Alderon of a total of US$1,050,000 in common shares (“Common Shares”) to Sprott and Altius on the closing date (the “Closing Date”). The price per Common Share shall be equal to a 10% discount to the lesser of the volume weighted average trading price on the Toronto Stock Exchange (“TSX”) for the five trading days prior to (A) May 7, 2018; and (B) the Closing Date. In the event that the Maturity Date is extended in accordance with the terms of the Loan Facility, an additional total of US$350,000 in Common Shares shall be issued to Sprott and Altius on the Maturity Date and at a price per share equal to a 10% discount to the volume weighted average trading price on the TSX for the five trading days prior to the Maturity Date. United States dollar amounts shall be converted into Canadian dollars using the daily average exchange rate for the conversion of United States to Canadian dollars set by the Bank of Canada as at the business day immediately prior to the date of issuance of the Common Shares. The Common Shares shall be issued based on a ratio of 12/14th to Sprott and 2/14th to Altius.

The closing of the Loan Facility is subject to the receipt of all regulatory, stock exchange and other third-party approvals, and satisfaction of other customary closing conditions.

“Alderon’s Kami Project has the potential to create meaningful value for the steel industry by modernizing and increasing the transparency of the supply chain,'' stated Narinder Nagra, Managing Partner of Sprott. “As one of the largest investors dedicated to the natural resource sector, Sprott is excited to partner with Alderon on the reboot of Kami.”

Altius currently holds 51,838,916 Common Shares (representing 39% of the Company’s current issued and outstanding Common Shares).  After the closing of Loan Facility, Altius will be issued additional Common Shares as detailed above. However, the exact amount will not be determined until the Closing Date and will be disclosed at that time. The Loan Facility was approved by the Company’s Board of Directors; however, Altius’ nominee (Mr. John Baker) declared his interest in the transaction and did not participate in the approval process for the Loan Facility.

Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), Altius’s participation in the Loan Facility constitutes a "related party transaction" as Altius is a related party of the Company. The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that at the time Altius’s participation in the Loan Facility was agreed to, the fair market value of the Loan Facility insofar as it involves Altius did not exceed 25% of the Company's market capitalization. The Common Shares that will be acquired by Altius will be acquired pursuant to an exemption from the prospectus requirement in section 2.3 of National Instrument 45-106.

The Company did not file a material change report more than 21 days before the expected closing of this transaction, as the details of the transaction were not finalized until the present and the Company wishes to close the transaction as soon as practicable for sound business reasons, including lowering the Company’s overall debt obligations and improving the Company’s financial position.

About Sprott

Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the US and Asia, the company is dedicated to providing investors with best-in-class investment strategies that include Exchange Listed Products, Alternative Asset Management and Private Resource Investments. The company also operates Merchant Banking and Brokerage businesses in both Canada and the US. Sprott is based in Toronto with offices in New York, Carlsbad and Vancouver and its common shares are listed on the Toronto Stock Exchange under the symbol (TSX:SII). For more information, please visit www.sprottinc.com.

Sprott Resource Lending is a globally recognized leader in natural resource financing and specializes in providing flexible debt solutions to mining companies. Since joining Sprott, the team has financed more than $1.0 billion in bespoke private debt investments. For more information, please visit www.sprottlending.com.

About Alderon Iron Ore Corp.

Alderon is a leading iron ore development company in Canada. The Kami Project, owned 75% by Alderon and 25% by HBIS Group Co. Ltd. (formerly Hebei Iron & Steel Group Co. Ltd.) (“HBIS”) through The Kami Mine Limited Partnership, is located within Canada’s premier iron ore district, the Labrador Trough, and is surrounded by two producing iron ore mines. Its port handling facilities are located in Sept-Îles, the leading iron ore port in North America. HBIS is Alderon’s strategic partner in the development of the Kami Project and China’s second largest steel producer.

For more information on Alderon, please visit our website at www.alderonironore.com.

ALDERON IRON ORE CORP.