"We're well positioned in every way to take our Lake Touladi asset to the next level," commented Jes Black, Chief Executive Officer & Chairman of Allied American. "In terms of mineralization, we already have our 43-101 report as well as drilling and survey analyses that point to extensive mineral resources on the property. In terms of location, we're on North America's eastern seaboard, giving us easy export access for meeting world demand for both iron ore and titanium dioxide. And in terms of financing, we're well funded to continue with this next phase of exploration drilling."
