Date:May 31, 2018
VanadiumCorp Resource Inc. (TSXV: VRB) 100% owns the Lac Dore Vanadium-Iron-Titanium project in Quebec, Canada. The Company also has another smaller project known as the Iron-T Vanadium Project also in Quebec, and royalties on the Raglan Nickel-PGM mine.The Company is looking to take a vertically integrated approach. They are also developing leading process technologies ‘VanadiumCorp-Electrochem Processing Technology’ and ‘Electrochem globally patented Electrowinning’ technology.
The NI 43-101 vanadium resource estimate is 99.1Mt @ 0.43% V2O5 (Inferred), or 1.08% V2O5 in magnetite concentrate. Mineralization is at surface and open at depth and along strike. The contained vanadium resource is 282,370 tonnes V2O5 in magnetite concentrate. Vanadium recovery from magnetite concentrate is 95% indicating favorable metallurgy.VanadiumCorp’s 100% owned Vanadiferous titanomagnetite (‘VTM’) resource at the Lac Dore Project represents ideal feed stock for the new carbon free and efficient process developed by VanadiumCorp & Electrochem. Of significance, the conventional primary process recovery from magnetite concentrate averages 1.0% V2O5, and the new process recovers 95%+ of ALL metal value including titanium and iron. Clearly this is very helpful towards the project’s economics.
Adriaan Bakker, CEO of VanadiumCorp states, “The advantage of monetizing all three metals from VTM provides a distinct advantage for our 100% owned VTM resources in Quebec and joint licensing opportunity of the technologies worldwide. Our collaboration with Electrochem first began by addressing the industry need for a better process method for vanadium electrolyte. Utilizing a custom reactor and combining technologies, Phase II testing and trial production subsequently confirmed the ability to process magnetite regardless of origin and various feed stocks that many companies had considered waste until now.”
