trending Market Intelligence /marketintelligence/en/news-insights/trending/c79xsff1vhufdkn-obvusq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Altius Minerals to raise Alderon Iron Ore stake to 39%

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results


Altius Minerals to raise Alderon Iron Ore stake to 39%

Altius Minerals Corp. said March 22 that it agreed to buy 18,797,454 common shares of Alderon Iron Ore Corp. from Liberty Metals and Mining Holdings LLC, raising its stake in the miner to about 39%.

Altius owns shares equivalent to about a 24% stake in Alderon Iron. Altius did not disclose the purchase price but noted that the March 21 closing price of Alderon's shares on the Toronto Stock Exchange was 24 Canadian cents each.

The deal is expected to close by March 31, and Altius will hold the Alderon stakes for investment purposes.

Alderon's assets include the Kamistiatusset iron ore-manganese project in Newfoundland and Labrador.