Resource Company News Directory

Alderon Iron Ore Provides Update on Project Financing

Iron – Alderon Iron Ore Corp. (TSX:ADV,NYSE MKT:AXX) and BNP Paribas have agreed to terminate the engagement of BNP Paribas as lead arranger of the senior debt financing facility for the construction of the Kami Project. Alderon has appointed Endeavour Financial Limited in order to act as its financial advisor in terms of the project financing process. It intends to form a club syndicate of international banks to provide the senior debt financing facility.

Lithium Corporation to Sell Properties to PATHION Inc.

Lithium – Lithium Corporation (OTCQB:LTUM) has entered an asset purchase agreement to sell its interests in the BC Sugar flake graphite property and the San Emidio and Fish Lake Valley lithium – brine properties, to PATHION, Inc.. Also, the company announced that Tom Lewis will step down as president and Brian Goss, currently a director of Lithium Corporation, will become president, secretary, and treasurer of the company.