Alderon Iron Ore Corp., was incorporated pursuant to the provisions of the Company Act (British Columbia) on March 21, 1978 under the name Comanche Resources Inc. The Company is a development company with an iron ore project located next to mining towns of Wabush and Labrador City in Western Labrador, Canada. The property is also surrounded by four producing mines and is within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the market. Those properties are collectively referred to as the Kamistiatusset, or Kami, Property. All activities associated with the Kami Property are referred to as the Kami Project. The Company competes with other mining companies in connection with the acquisition of properties which has greater financial resources, operational experience and technical facilities. The Kami Property is strategically located next to the mining towns of Wabush, Labrador City and Fermont. The property includes 305 claims in Labrador for a total of 7,625 hectares.