Thormine made the news yesterday, with this article from the proactive investor blog in the UK, where the company is based. I believe that this is a sound investment for the long term. Lots of companies are jumping on the '' vanadium'' bandwagon yet this one has mines of Uranium as well and projects in Colorado as well as Australia. The following article is quite similar to the one mentioned above, even if it goes more in depth on the reasons that are behind this rather sudden move from that UK company. A wise decision if we consider the reasoning behind local producing, as opposed to outsourcing. https://smallcaps.com.au/thor-mining-leaps-uranium-race-projects-utah-colorado/ The move comes as the Trump administration in Washington is pushing to expand uranium production domestically in order to reduce or even end America’s dependence on imports. The announcement of that policy has led to an upsurge in interest in reviving old mines, many of which were closed 40 years ago as uranium prices collapsed. Thor has experience of operating in the US with its Pilot Mountain tungsten project in Nevada. This new deal is with an Australian private company, American Vanadium, that has 100% interests in 199 contiguous claims in the Uravan mineral belt in south-western Colorado and 100 claims in south-eastern Utah, 40km from the town of Moab, once known as “the uranium capital of the world” after a huge 1952 discovery nearby. The Uravan belt and adjacent areas have over the past 100 years produced 85 million pounds of uranium oxide and more than 60 million pounds of vanadium oxide. Executive chairman Mick Billing said this was an outstanding opportunity for Thor and its investors. “Deposits from the Uravan mineral belt have produced large quantities of high-grade uranium and vanadium ore over decades,” he said. This mining continued until the early 1980s when the global uranium priced collapsed. Capital raising will finance US work program Thor Mining has raised $700,000 through a placement of 140,000 new shares at 0.5c per share. The vendors are subscribing for $200,000 of the placement. Thor said support was received from a “broad” range of new institutional and “sophisticated” investors in what was a heavily oversubscribed placement. Another $130,000 came in from a conditional placement to Thor’s largest shareholder and subscriptions by two company directors for a total of 30,000,000 news shares, also at 0.5c per share. That largest shareholder, Metal Tiger, agreed subsequent to its placement to subscribe for a further $120,000 worth of shares on the same terms. The money will be used to finance exploration at the uranium and vanadium projects, as well as on drill testing Thor’s Kapunda gold project and follow up field work at the Pilbara project where visible gold and anomalous nickel have been found in early-stage work. Colorado-based team ready to begin work The Utah claims have reported extensive historical drilling with significant intersections of both uranium and vanadium. The Colorado claims include historical Radium Mountain and Wedding Bell groups of mines that have had intermittent production over more than 100 years. The mines were worked during the First World War and again in the second half of the twentieth century. Thor Mining has a Colorado-based team ready to begin on a sampling program from around Radium Hill and Wedding Bell. The company planned to move on to permitting and drilling as soon as possible. Energy Fuels, a leading producer of uranium and vanadium concentrates, owns the only fully operational and licensed conventional processing plant in the United States. That plant is located at Blandings, Utah, about 50km from the Wedding Bell groups of mines.
Two articles from yesterday; same blog as mentioned before. I try to keep up with informations for affordable stocks instead of bitcoins and etf or huge giants that are difficult to acquire, even if bought in fractions only. https://www.proactiveinvestors.co.u...-government-of-northern-territory-923453.html https://www.proactiveinvestors.co.u...adium-samples-taken-from-colorado-923579.html
yet another article from Thor mining , this time with video from the PLC https://www.proactiveinvestors.co.u...ve-vanadium-samples-from-colorado-923703.html https://stockhead.com.au/resources/...m-project-delivers-positive-vanadium-results/ In June, Thor said it had picked up an exclusive option to acquire 100 per cent of the shares of American Vanadium, a private Australian company. Prices on the rise Positive sentiment has buoyed uranium prices to levels last seen five years ago, while vanadium prices are coming off market lows as global steel production stays resilient. Uranium prices took off to US$33/lb in June from US$23/lb in March, coinciding with COVID-19 related disruption to global supply chains, as countries looked to secure sources of energy such as nuclear power. Thor said previously market fundamentals for uranium were looking healthy as global demand was expected to exceed supply in 2020. President Trump has underlined the health of the uranium market with his pledge to stockpile $US150m of uranium fuel for US power generation. A nearby toll treatment plant located close to Blanding has traditionally taken ore for processing, and could provide a low-cost entry into production for Thor.
more news from two days ago of vanadium corp, the Quebec-based mining corporation! https://resourceworld.com/vanadiuncorp-resource-drills-high-grade-vanadium-in-quebec/ The Lac Dore vanadium property is located 27 km east-southeast of Chibougamau, in Eeyou Istchee James Bay territory, Northern Quebec. The Chibougamau area is host to several vanadiferous titanomagnetite (VTM) deposits, including the Southwest and Armitage deposits on the adjacent Blackrock property (BlackRock Mining Inc.) and the South and North zone deposits on the Mont Sorcier Project to the north (Vanadium One Iron Corp). The 2019 drill program targeted the Lac Dore vanadium prospect where historical drilling and surface channel sampling conducted between 1958 and 2013 revealed the presence of massive, semi-massive and disseminated bands of VTM mineralization along a 2-km-long-by-200-metre-wide and minimum 200-metre deep corridor. All six holes intersected significant VTM mineralization. Best intercepts include Hole LD-19-006 that intersected 63.3 metres grading 0.68% V2O5 (vanadium pentoxide), including 4.4 metres of 0.80% V2O5, and 4.4 metres of 0.85% V2O5. Hole LD-19-007 intersected 73.9 metres of 0.64% V2O5, including 3.4 metres of 0.81% V2O5, and 3.5 metres of 0.88% V2O5. Hole LD-19-027 intersected 77.4 metres of 0.65% V2O5, including 8.0 metres of 0.74% V2O5, and 4.2 metres of 0.80% V2O5, and 3.8 metres of 0.87% V2O5. V2O5 Adriaan Bakker, President and CEO, stated: “Another four of the six drill holes whose assay results are being released today have intersections in excess of 60 metres true widths, with grades over these intervals averaging greater than 0.55% V2O5 and greater than 50% Fe2O3. These final drill hole results wrap up what we feel is a highly successful drilling campaign and additional Davis Tube results are still expected.” Vanadiumcorp is an integrated technology and mining company focused on developing an exclusive clean energy storage supply chain with XRG vanadium redox flow battery technology, jointly owned process technology, and its 100%-owned vanadium resource base in Quebec.
https://www.metalbulletin.com/Artic...tories-dwindling-prices-higher-[UPDATED].html China-Europe arb leaves European ferro-vanadium inventories dwindling, prices higher [UPDATED] The continued price differential between Chinese and European vanadium prices that sparked interest in exports to China has left inventories in Europe depleted and has eventually sent European prices upward, market sources told Fastmarkets. Fastmarkets assessed the ferro-vanadium 78% V min, fob China price at $29.50-30.50 per kg on Thursday July 23, unchanged from the previous week, while its assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price climbed 1.9% to $23.25-24.50 per kg on Wednesday July 29 – its highest since June 19. “The market is tight as the price differential between China and Europe is wide, with China now being at $30 plus, excess material comfortably goes East. Any increase in interest in Europe is bound to send prices up, albeit not so high,” a trader in Europe said. "There is no shortage, but excess is being taken out to China and related markets,"...
*other Vanadium pennystock that went from 12 to 32 cents in a matter of days that shows Canada is developing a competitive, world class stack of mines. In case some kind of economic discrepancy and economic war imposes embargoes & shutdowns in trade markets. Global Vanadium Signs Option Agreement for Stony Lake East Gold Project in Newfoundland and Provides Update on Desert Eagle Project https://stockhouse.com/news/press-releases/2020/07/30/global-vanadium-signs-option-agreement-for-stony-lake-east-gold-project-in 14 hours ago Vancouver, British Columbia--(Newsfile Corp. - July 30, 2020) - Global Vanadium Corp. (TSXV: GLV) ("Global" or the "Company") has entered into an option agreement to acquire up to a 100% interest in the Stony Lake East Gold Project located in the Grand Falls - Bishops Falls area of the Province of Newfoundland from District Copper Corp. ("District"). The project is comprised of 8 mineral licenses covering a total of 13,625 hectares. Global can exercise the Option as to a seventy-five (75%) percent interest in the Property by: Paying to District the sum of $75,000 within fifteen business days following the date (the "Approval Date") that this Agreement is accepted for filing by the TSX Venture Exchange (the "Exchange"); Issuing to District 500,000 fully paid and non-assessable common shares of Global within fifteen business days following the Approval Date; On or before the fifteen (15) month anniversary of the Approval Date, paying to District the sum of $125,000 and making Exploration Expenditures of not less than $150,000; Issuing to District 1,200,000 fully paid and non-assessable common shares of Global on or before the fifteen month anniversary of the Approval Date; On or before the second anniversary of the Approval Date, paying to District the sum of $150,000 and making additional Exploration Expenditures of not less than $250,000 (for cumulative Exploration Expenditures of $400,000); and, Issuing to District an additional 1,600,000 fully paid and non-assessable common shares of the Purchaser on or before the second anniversary of the Approval Date. Global can exercise the Option as to a further twenty-five (25%) percent interest in the Property (for a total interest of one-hundred (100%) percent) by: (a) paying to District the sum of $500,000 on or before the third anniversary of the Approval Date; and (b) issuing to District 2,000,000 fully paid and non-assessable common shares of Global on or before the third anniversary of the Approval Date (the payment and share issuance in Sections 1.3(a) and (b) being, collectively, the "25% Exercise Price"). About the Stony Lake East Project The Stoney Lake Project is located within the Cape Ray/Valentine Lake structural trend in Central Newfoundland - Canada's newest emerging orogenic gold district. The Stony Lake project covers 27 kilometers of this favourable trend between Sokoman's Moosehead discovery to the northeast and the Twilight zone to the southwest. In 2019 District carried out an extensive field program focused on prospecting, mapping and sampling in the identified target areas and a property-wide airborne magnetometer and radiometric survey to map bedrock lithologies, structural features and areas of structurally controlled potassic alteration. The ground field work covered the northern portion of the property and either expanded known zones of gold mineralization or identified new areas of highly anomalous to low grade gold mineralization. The mineralization in each zone remains open along strike. Significant Results: Eight areas of highly anomalous to low grade gold mineralization have been identified. The gold mineralization is hosted in quartz feldspar porphyry, pyrite, and arsenopyrite bearing reduced sandstone, quartz stockwork, and quartz veins. The gold mineralization exhibits arsenic-antimony-molybdenum geochemical associations with a high gold to silver ratio. The gold mineralization is characterized by sericite, silica, ankerite, carbonate, and chlorite alteration typically as pervasive alteration and envelopes around quartz stockwork and quartz veins. Pyrite and arsenopyrite (1-3% total sulphide) are common to the gold mineralization in all samples containing greater than 50 parts per billion ("ppb") gold. Interpretation of the results of the 2019 field program suggest that two separate styles of gold mineralization may occur on the property: Widespread low grade (0.5 to 4.0 g/t Au) mineralized quartz-felspar-porphyry, pyritic sandstone, quartz veins and quartz stockwork as seen exposed in the Silurian-age Botwood Group sediments; and, A high-grade gold environment (similar to the adjacent Sokoman Minerals Moosehead discovery) in the basement rocks below the Botwood sediments. The 2019 airborne survey and subsequent interpretation clearly show that the structural trend of the Sokoman discovery crosses onto the Stony Lake East property, angling across the northern part of the property. This appears to be a primary basement structure, with multiple splays off it. This defines a high priority exploration target in the basement below the Botwood Group. In addition, the interpretations indicate that the main concentration of zones of gold mineralization discovered in the Botwood sediments in 2019 is along a NNE structural trend in the Botwood. Although this is a different trend to that discussed above, the exploration model is the same, i.e. a major structure with gold bearing fluids emanating from a basement structure depositing low grade gold mineralization in the Botwood sediments. Update on Desert Eagle Project Global Vanadium plans to complete a targeted sampling program focusing on the uranium rich units on the Desert Eagle Property. Once these target areas have been better defined, Global Vanadium will identify the highest priority areas an for RC drilling program to delineate the uranium mineralization known to occur on the Desert Eagle Project. The Desert Eagle Project is located in Garfield County, Utah, United States. It is comprised of 97 Lode claims for a total of 2,004 Acres. The Desert Eagle Project is host to historic Vanadium and Uranium production beginning in the early 1900's and continued erratically and intermittently until recently. The project is located in the Trachyte district situated to the east of the Henry Mountains, 95 miles south of Green River, Utah. Until recently practically all production from the Henry Mountains area came from the Trachyte district. The Desert Eagle Project can be reached from Green River, Utah via State Highways 24 and 95, and then by secondary country roads approximately 5km from the highway, or from Blanding, Utah via State Highway 95. Vanadium and Uranium Ore on the Desert Eagle Project is confined to the Salt Wash member of the Jurassic Morrison formation. Historic development occurs across the entire project area with 31 historic mine adits and 21 prospect and prospect pits. Chris M. Healey, P.Geo., a Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical information disclosed in this news release. Global Vanadium Corp. "Kosta Tsoutsis" CEO, Director For further information, please contact: Kosta Tsoutsis Chief Executive Officer and Director Global Vanadium Corp. email: [email protected] Telephone: 604 808-9134 Brian Morrison Chief Financial Officer and Director Global Vanadium Corp. email: [email protected] telephone: 604 312-6910 The Company is listed on the NEX board of the TSX Venture Exchange. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Global's intention to continue to identify potential transactions and make certain corporate changes and applications. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Global will obtain from them. These forward-looking statements reflect managements' current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Global's inability to identify transactions having satisfactory terms or at all and the results of exploration or review of properties that Global does acquire. These forward-looking statements are made as of the date of this news release and Global assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. To view the source version of this press release, please visit
A friendly reminder that this nice metal can be quite valuable in the future, even if it is nowhere near others, considering that it is used in allows and that USA has no mines for vanadium.. In case this is not new to you, I suggest you skip as it is a very random article that I found in July. Interesting references to Ford, that used this in one of his models in the 1900. RENO, Nev. (AP) — Invoking President Trump’s executive order streamlining environmental reviews of projects critical to U.S. security, federal land managers have launched an expedited permitting process for the first U.S. vanadium mine at a high-desert site in Nevada. The rare metal has been used as an alloy to strengthen steel, aluminum and titanium in the construction, auto, aerospace and computer industries but must currently be imported — primarily from Austria, Canada and Russia. The Bureau of Land Management said in announcing plans earlier this month for the mine’s expedited review that U.S. dependence on foreign vanadium “creates a strategic vulnerability for both the economy and military to adverse government action or other events that can disrupt the supply of this key mineral.” https://apnews.com/56ba999b57917087cc1fdf152daebb2d Review fast tracked for Nevada vanadium mine, 1st in the US Henry Ford is credited with the first commercial application of vanadium when he used it to toughen the steel in the frame of the Model T in the early 1900s. Vanadium has been extracted in small amounts in the U.S. but only as a minor byproduct of other mining operations, mostly uranium mines in Utah. China produces more than half the world’s vanadium but consumes most of it domestically. China’s recent move toward adopting standards for construction rebar metal rod standards as tough as those in the U.S. is a driving force in increased demand for the material valued for its high strength-to-weight ratio. The Nevada Vanadium Co. plans to mine about 10 million pounds (4.5 million kilograms) a year, or about half of the overall U.S. demand, on 10 square miles (2,589 hectares) land owned by the Bureau of Land Management about 200 miles (321 kilometers) east of Reno. The Canadian-based company with an office in the tiny community of Eureka near the mine site plans also plans to extract about 50,000 pounds (22,679 kilograms) of yellow cake uranium annually, a concern to environmentalists who aren’t worried about vanadium. Enriched yellow cake uranium can be used to make nuclear weapons or produce fuel for nuclear power plants. Environmental reviews for large mines can take years under normal regulatory schemes. But Bureau District Manager Doug Furtado is expecting a decision in about 12 months. “If approved, this project would provide hundreds of jobs and will contribute to the nation’s domestic source of critical minerals,” Furtado said. Expedited review is allowed under Trump’s 2017 order directing the interior and commerce secretaries to develop a to protect and expand commercial access to critical minerals. The final list of the 35 designated minerals issued in May 2018 included vanadium, aluminum, lithium, magnesium, platinum, tungsten and uranium. In addition to airplanes and rockets, critical minerals are used to manufacture batteries, computer LCD screens, integrated circuits, optical devices and medical imaging. “Without them, the nation’s economy would grind to a halt, and the technological edge maintained by the Armed Forces and intelligence community would erode,” the agency said. Nevada Vanadium Co. began developing plans for the mine five years ago. It submitted a management plan to the bureau in 2018. In addition to Chinese construction standards, demand is being driven by development of a unique vanadium flow battery showing promise for meeting future energy storage needs. Ron Espell, Nevada Vanadium’s vice president for environment and sustainability, said vanadium mines historically have been cost-prohibitive in the U.S. because of the poor quality of deposits. Vanadium produced as a byproduct at uranium mines is especially impure, as is vanadium produced during the oil refining process. China extracts vanadium during steel slag production, but the resulting emissions are extremely high and far above what’s legal under the U.S. Clean Air Act, Espell said. “It’s all about the purity and it never pencils out economically,” he said. “This one is unique. It’s in the 98 to 99% percent pure range. It makes our project very attractive.” The mine would employ up to 120 construction workers starting as early as next year, followed by up to 120 mine employees. Environmentalists are concerned that the mine could hurt wildlife, including the imperiled greater sage grouse. “Groundwater contamination in this area from uranium mining could spell catastrophe for the biodiversity there,” said Patrick Donnelly, Nevada director of the Center for Biological Diversity. Uranium mining hasn’t occurred in Nevada for years, Donnelly said. He said Nevada has a “troubled history with the nuclear industry,” from atomic weapons detonations at the Nevada Test site to proposals to dump nuclear waste at Yucca Mountain. “Nevadans are going to be very wary of foreign mining companies inserting our public lands into the nuclear supply chain,” he said.
https://www.argusmedia.com/en/news/2126257-vanadium-market-eyes-fresh-demand-on-eu-stimulus Vanadium market eyes fresh demand on EU stimulus The European Commission's unveiling of a €750bn ($872bn) "green" infrastructure investment package this week is fuelling hopes of a demand revival for vanadium, bringing with it the potential to boost ferro-vanadium prices and restore balance to converters' profitability measures. Europe's vanadium market has faced turmoil lately as a disconnection emerged between the raw material and value-added products. Challenges were exacerbated by the uneven global recovery from the Covid-19 pandemic, with pentoxide prices following the lead of Chinese producers benefiting from an earlier demand recovery, as well as support from both domestic fiscal and monetary policies. But the commission's stimulus package could right these unbalanced scales, allocating a major funding boost to promote green infrastructure and sustainable power. One of the main recipients of the stimulus was Italy, which has been allocated €200bn, and much of that will be allocated to 120 national infrastructure projects. Large bridges are to be built in Genoa and Romania, which are likely to involve construction by Fincantieri using vanadium-bearing steels also produced in Italy. On 21 July — the day of the commission's announcement — short-term price signals suggested that the month-to-date average of European ferro-vanadium prices at $22.80/kg duty unpaid Rotterdam could still be low compared with pentoxide prices of over $5.50/lb. But the market responded quickly, with European ferro-vanadium prices gaining $1/kg to reach $23.00-23.50/kg on 23 July. Vanadium pentoxide prices in Europe are still too high relative to the alloy for converters to achieve positive cash margins. This is mainly because of tighter raw material supply in Europe and China, coupled with ample supply of the ferro-alloy in a market that is suffering from limited demand, largely due to Covid-19 lockdown measures. Chinese domestic pentoxide prices are raised on the world stage due to a 13pc value-added tax rate and an import tax of 5pc. After removing the China taxes, current assessments for European pentoxide are in line with their fob China equivalents. At current pentoxide prices, Chinese producers are estimated to make an average of $2/lb cash profit as the marginal producer, but converters outside China are struggling with shrinking margins. New sources of long-term demand Despite the current upheaval, vanadium suppliers are eyeing new emerging sources of demand, also spurred by the commission's recovery plan. Further to the traditional uses of vanadium, the metal is attracting new purchasers for its use in vanadium redox flow batteries (VRFBs). Battery demand is likely to rise as the commission's focus remains on "green-ifying" the bloc's incumbent energy system and as its focus on battery materials intensifies. VRFBs differ from other, more widely publicised batteries — such as nickel-manganese-cobalt (NMC) — in that their chemistry allows them to store and release larger amounts of energy over long periods, albeit at a higher cost. That said, the nickel-intensive NMC is still likely to be more widely used in the electric revolution, because of its more developed value chain and its more optimised levels of energy density. The commission's stimulus measures and the emerging application of vanadium in batteries suggest that the pentoxide market might register successive annual supply deficits while the stock overhang in ferro-vanadium markets is worked through — potentially driving up prices in the longer-term, in part to incentivise the development of new supply. By Maximilian Court Europe vs China prices
This small stock is on the rise, available if you can trade stocks from the ASX. Interesting in more ways than one. See those two articles for more information. https://stockhead.com.au/resources/thor-snaps-up-high-grade-us-uranium-vanadium-projects/ Special Report: Thor Mining has completed the acquisition of American Vanadium, which holds interests in uranium and vanadium projects in Colorado and Utah. This follows the completion of due diligence work including field sampling that returned up to 1.25 per cent uranium and 3.47 per cent vanadium from 13 outstanding samples that were deemed too radioactive for the original laboratory. Thor Mining (ASX:THR) executive chairman Mick Billing says that with the acquisition of American Vanadium and its high-grade uranium and vanadium claims, the company now has a well balanced portfolio of very attractive assets. American Vanadium owns 199 contiguous claims (the Wedding Bell and Radium Mountain projects) in the famed Uravan Mineral Belt in southwestern Colorado and 100 claims (Vanadium King project) in southeastern Utah. The Uravan Mineral Belt has been an important source of uranium and vanadium in the US for more than 100 years, producing more than 85 million pounds of uranium and over 660 million pounds of vanadium. Average production grades from the 1940s to January 1979 are reported to be 0.25 per cent uranium and 1.29 per cent vanadium. All three projects are located within trucking distance of Energy Fuels’ White Mesa mill at Blanding, the only fully licensed and operational uranium and vanadium processing plant in the US. While Thor has not had contact with the operators of the plant to date, the plant has substantial available capacity for toll treating and may represent a potential low cost entry into production. Thor’s US uranium and vanadium projects. Pic: Supplied High-grade uranium and vanadium The Colorado project claims include historical mines with production activity over more than 100 years. The Utah claims have reported historical drilling with significant intersections of uranium and vanadium. Both the Wedding Bell and Radium Mountain groups of mines in Colorado are reported to have operated during the first world war and again in the second half of the 20th Century until about 1981 when the price of uranium collapsed. Meanwhile, the historical drilling at Vanadium King in the early 1980s by Hunt Oil resulted in the definition of a shallow, low-grade non-JORC resource. Bullish market outlook Nuclear reactors accounted for 20 per cent of US domestic power requirements and 10 per cent of global power supplies in 2019. This figure is expected to grow considerably as 53 new reactors are currently under construction globally while another 300 have been proposed. Taken together, it is no unreasonable to infer that uranium demand is likely to increase over the next 15 years or so. Additionally, the depressed uranium price has resulted in very few new projects commencing development. This suggests that a supply shortage may emerge in the next few years, a conclusion that has been brought into sharp focus by the COVID-19 pandemic. First performance – A$108,000 through the issue of 18,000,000 Ordinary Shares, on 15 or more samples from three of more adits/shafts at Radium Mountain & Wedding Bell prospects returning grades >= 0.1% U3O8, or 1.0% V2O5, or equivalent* within six months of execution of the Share Agreement. · Second Performance – A$252,000 through the issue of 42,000,000 Ordinary Shares on drilling ore grade intercepts from at least three holes from any deposits within the licences, at a product of grade and thickness of >= 0.4% U3O8, or equivalent*. For example, 4m @ 1,000ppm U3O8 or 1m @ 4,000ppm U3O8. · Third Performance – A$252,000 through the issue of 42,000,000 Ordinary Shares on reporting a mineral resource in either the inferred, indicated or measured category (reported in accordance with the JORC Code, 2012 Edition) of, or equivalent* to 5million tonnes @ >= 0.1% U3O8, or 1.0% V2O5, or equivalent*. Uranium equivalent will be calculated taking into account, in addition to uranium, credits for vanadium making up part of the relevant polymetallic deposit that have a reasonable potential to be recovered and sold, according to a formula that will be used and published in accordance with clause 50 of the JORC Code. Power from nuclear reactors accounted for 20% of US domestic power requirement in 2019, while globally nuclear generation supplies approximately 10% of demand. Nuclear power is acknowledged to provide stable, baseload, and low carbon power supply. A total of 53 new nuclear reactors are under construction globally, with solid order books for more and approximately 300 additionally proposed. The inference is that uranium demand is likely to increase over the next 15 years or so. The US imports much of its uranium requirement for power generation. Depressed uranium pricing over the last decade has resulted in very few new projects commencing development. This suggests that a supply shortage may emerge in the next few years. The Nuclear Fuels Working Group (NFWG) that was established last year in response to the Section 232 from the USA uranium sector has released their recommendations. The key points are that a uranium stockpile will be established and the nuclear fuel cycle will be streamlined, with purchasing of enrichment and conversion capability, and also a streamlined approvals process. Among the key recommendations from the NFWG strategy is the proposal of direct purchases of uranium and nuclear fuel services to expand five-fold the American Assured Fuel Supply strategic inventory stockpile. Vanadium is an important contributor to improving the tensile strength of steel, with the overwhelming bulk of vanadium demand applied to production of reinforcing steel to add tensile strength to concrete. It is also used in aerospace & has chemical and catalyst applications. More recently it has developed a significant market in battery applications with vanadium redox flow batteries used to store and release large amounts of energy. LONDON: Directors of Thor Mining Plc announced completion of the acquisition of American Vanadium Pty Ltd (AVU), including its subsidiaries and uranium and vanadium projects. AVU holds interests in uranium and vanadium focussed projects in Colorado and Utah in the United States of America. The Company announced on 1 June 2020 an option agreement to acquire AVU, subject to satisfaction of due diligence requirements. Thor will now proceed with the issue of 24 million Ordinary shares of 0.01p each, in full payment of the acquisition fee for a 100% interest in AVU. Mick Billing, Executive Chairman of Thor Mining, commented: “We are very pleased to complete the acquisition of 100% of American Vanadium and its high grade uranium and vanadium claims.” “Thor has a well balanced portfolio of very attractive assets with copper, gold, tungsten & now uranium & vanadium.” The Company has completed the acquisition of 100% of the shares in American Vanadium Pty Ltd, a private Australian company, which in turn owns 100% each of the shares in Colorado company Standard Minerals INC (Standard), and Utah company Cisco Minerals INC (Cisco). Acquisition consideration comprises: – A$100,100 exclusivity fee, which has been paid, of which A$50,100 was satisfied by the issue of 8,350,000 ordinary shares of 0.01p each in Thor (“Ordinary Shares”) (“Exclusivity Fee”). – A$144,000 acquisition fee satisfied by the issue of 24 million Ordinary Shares (“Acquisition Fee”), to be issued shortly. – Future payments through the issue of performance rights, over three stages, to receive up to 102 million Ordinary Shares subject to achievement of project milestones. Following the acquisition, the parties have agreed a series of performance payments, of: China accounts for over 50% of global supply, most of which is co-production from steel slag. Supply is largely constrained by capped co-production capacity, and there are a limited number of global primary producers. In 2018, China mandated a standard for Chinese grade 3 rebar, substantially increasing the vanadium content of reinforcing steel. A processing plant which has historically taken ore from the region on a toll treatment basis is located near Blanding, within relatively close proximity to the claims held by these companies. Thor have not had contact with the operators of this plant to date, however this may represent a potential low cost entry into production. https://newsnreleases.com/2020/09/0...quisition-of-us-uranium-and-vanadium-project/
Vanadium one has started drilling on mont sorcier in quebec! https://investingnews.com/news/vana...-one-commences-drill-program-at-mont-sorcier/ 3,500 meters drill program to significantly expand resources at its Mont Sorcier project in Quebec Vanadium One Iron Corp. (“Vanadium One” or the “Company”) (TSXV:VONE), is pleased to announce that it has commenced its 2020 drill program at its Mont Sorcier iron and vanadium project located just outside of Chibougamau, Quebec. This program is targeting to expand the current resource at Mont Sorcier and deliver a new Mineral Resource Estimate by Q1 2021. The aim of the drill program is to increase the current resources to a minimum of between 900 million to 1.1 billion tonnes at grades of between 24-34% magnetite. This is similar to the grade of the current resource shown in the table below. Investors are cautioned that this resource target is conceptual in nature at this time and there has been insufficient exploration to define a new mineral resource The drill program and associated work is based in part on the recommendations suggested in the NI 43-101 Preliminary Economic Assessment dated April 9, 2020 with an effective date of February 27, 2020 (available on SEDAR and Vanadium One’s website: www.vanadiumone.com). The drilling contract was awarded to Mikkan Drilling Ltd. for a program of approximately 3,500 metres in 8-10 holes. The drill program will focus on the eastern half of the North Zone and will cover more than 1.5 kilometers along strike. The drill program has used the results of the 2010 MAG survey and geology mapping in its planning, which highlight the continuation of ultramafic host rocks. The program will include standard core logging, assaying and Davis tube analysis to determine ore grades and expected concentrate grades. This program will aim to expand the overall resource base defined in the 43-101 Mineral Resource Estimate outlined below. 1. Numbers have been rounded to reflect the precision of Inferred and Indicated Mineral Resource estimates. 2. The reporting cut-off was calculated for a magnetite concentrate containing 65% Fe with price of $US 90/t of dry concentrate, 50% of the price of V2O5 contained in the concentrate, a V2O5 price of $US 14/lb, a minimum of 0.2 % of V2O5 contained in the concentrate, an open pit mining operation, a cost of mining and milling feed mineralization of USD 13.80/t, a cost of transporting concentrate of USD 40/t; and a cost of tailing disposal of USD 1.5/t. 3. Vanadium One is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing or political factors that might materially affect these mineral resource estimates. 4. Resource classification, as defined by the Canadian Institute of Mining, Metallurgy and Petroleum in their document “CIM Definition Standards for Mineral Resources and Mineral Reserves” of May 10, 2014. 5. Mineral Resources are not Mineral Reserves and by definition do not demonstrate economic viability. This MRE includes inferred Mineral Resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. Cliff Hale-Sanders, President and CEO of Vanadium One Iron commented, “We are pleased to be going back into the field to enhance the overall potential we see in the Mont Sorcier project. We believe an expanded resource base in conjunction with the robust economics outlined in the PEA earlier this year should be very supportive in our efforts to enter into a strategic partnership to develop Mont Sorcier into a long life, highly profitable iron and vanadium mine.” The drill results are expected to enhance the value presented in the PEA as outlined in the Technical Report entitled “NI 43-101 Technical Report – Preliminary Economic Assessment (PEA) of the Mont Sorcier Project, Province of Quebec, Canada”. The report was completed by CSA Global Consultants Canada Ltd, an ERM Company (CSA Global) and has an effective date of February 27, 2020. The report was prepared in accordance with Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) Standards of Disclosure for Mineral Projects. A summary of the results is highlighted below: PEA Summary Results The PEA was prepared by CSA Global incorporating contributions from Vulcan Technologies for the Iron and Vanadium Market Pricing Study. The PEA is preliminary in nature, as it includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Technical Report is available for review under the Company’s profile on SEDAR and on the Company’s website. Technical Disclosure The reader is advised that the PEA summarized in this press release is intended to provide only an initial, high-level review of the project potential and design options. The PEA mine plan and economic model include numerous assumptions and the use of Inferred Mineral Resources. Inferred Mineral Resources are considered to be too speculative to be used in an economic analysis except as allowed for by National Instrument 43-101 in PEA studies. There is no guarantee the project economics described herein will be achieved. Qualified Persons Statements The PEA and other scientific and technical information contained in this news release were prepared by CSA Global, in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”), and has been reviewed and approved by, as it relates to geology, sampling, drilling, exploration, and QAQC : Dr. Luke Longridge, Ph.D., P.Geo, Senior Geologist (CSA Global); as it relates to mineral resources: Dr. Adrian Martinez Vargas, Ph.D., P.Geo, Senior Resource Geologist (CSA Global); as it relates to metallurgy, processing and related infrastructure: Georgi Doundarov, M.Sc., P. Eng., PMP, CCP, (Magemi Mining Inc.) and Associate Metallurgical Engineer (CSA Global); as it relates to mining, related infrastructure, and mining costs: Karol Bartsch, BSc Mining (Hons), MAusIMM, Principal Mining Engineer (CSA Global); and as it relates to financial modelling and economic analysis: Bruce Pilcher, B.E. (Mining), Eur Ing, CEng, FIMMM, FAusIMM CP, Principal Mining Engineer (CSA Global) and Alex Veresezan, M.Sc., P.Eng., Manager – Mining (Americas). Dr. Luke Longridge, Dr. Adrian Martinez Vargas, Georgi Doundarov, Karol Bartsch, Bruce Pilcher and Alex Veresezan are all independent Qualified Persons (“QP”), as defined under NI 43-101. The technical information contained in this news release has been reviewed and approved by Pierre-Jean Lafleur, P.Eng. (OIQ), who is a Qualified Person with respect to the Company’s Mont Sorcier Project as defined under National Instrument 43-101. About Vanadium One Iron Corp.: Vanadium One Iron Corp. is a mineral exploration company headquartered in Toronto, Canada. The Company is focused on advancing its Mont Sorcier, Vanadium-rich, Magnetite Iron Ore Project, in Chibougamau, Quebec. NOT FOR DISTRUBITION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ON BEHALF OF THE BOARD OF DIRECTORS OF VANADIUM ONE IRON CORP. Cliff Hale-Sanders, President & CEO Tel: 416-819-8558 [email protected] www.vanadiumone.com Cautionary Note Regarding Forward-Looking Statements: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains “forward-looking information” including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company’s filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information. SOURCE: Vanadium One Iron Corp. View source version on accesswire.com: https://www.accesswire.com/606033/Vanadium-One-Commences-Drill-Program-at-Mont-Sorcier https://investingnews.com/news/vana...-one-commences-drill-program-at-mont-sorcier/
news from First vanadium They finally reached that gold target on november 6th at Carlin, Nevada https://www.miningweekly.com/articl...ions-at-chrome-vanadium-operations-2020-11-12 First Vanadium strikes gold at Carlin project in Nevada MINING.COM Staff Writer | November 3, 2020 | 6:20 am Exploration USA Gold Carlin project in Nevada. (Image courtesy of First Vanadium). Vancouver-based First Vanadium (TSXV: FVAN) announced that the company’s geological advisor, Dave Mathewson, identified a gold target opportunity below the vanadium resource on the Carlin vanadium project in Nevada, USA. In a press release, the miner said that the gold system was detected from results from its first reverse circulation drill hole designed to provide an initial penetration into the potential gold target. SIGN UP FOR THE PRECIOUS METALS DIGEST THE GOLD SYSTEM WAS DETECTED FROM THE COMPANY’S FIRST REVERSE CIRCULATION DRILL HOLE DESIGNED TO PROVIDE AN INITIAL PENETRATION INTO THE POTENTIAL TARGET “With our very first hole we have drilled into a significant large-scale Carlin-type gold system at a reasonable depth, much like I have seen elsewhere in the Carlin Gold Trend,” Mathewson said. “Typical Carlin-type deposit system geochemistry and alteration were encountered in this hole, indicated by gold, arsenic, mercury, antimony, and thallium. This, along with other critical features including key rock formations, collapse brecciation and strong alteration make it potentially analogous to other important Carlin-type deposit systems such as Nevada Gold Mines’ massive Gold Quarry deposit.” According to Mathewson, the highest levels of gold and associated pathfinder metals were in the best possible location, specifically the upper silicified, collapse brecciated lower plate Popovich Limestone. “Because of the significance of this first hole, we are immediately resuming reverse circulation drilling for the purpose of assessing the extent and strength of the system and to begin vectoring into hot spots within the system,” he said. The Carlin property consists of 150 unpatented mining claims and 80 acres of fee simple land covering 2,608 acres located in north-central Nevada in Elko County, seven miles south of Carlin. The project was initially explored by UCC from 1966 to 1970, and 47 years later, First Vanadium acquired it.
Interesting news from overseas sources https://www.metalbulletin.com/Artic...nadium-price-gap-stifles-import-interest.html A continuously narrowing price difference between Chinese and European vanadium products since September has stifled import business in China, market sources told Fastmarkets. Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $24-27 per kg on Thursday November 19, while its price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe was $24-24.75 per kg on November 20, leaving a price gap of $0-2.25 per kg, from that of $7.40-7.95 per kg in mid-to-late July.
https://stockhead.com.au/resources/avl-just-sold-its-first-residential-vanadium-battery-system/ Recently published, from Australia ;-) AVL just sold its first residential vanadium battery system Mining 5 hours ago | Special Report Special Report: Australian Vanadium has hit a milestone with its wholly-owned subsidiary VSUN Energy selling the first standalone vanadium flow battery system to a residential customer. The customer in regional Western Australia acquired the standalone power system (SPS) due to the high cost of connecting to the grid and lack of reliable power in the region. Australian Vanadium (ASX:AVL) added that the vanadium redox flow battery (VRFB) system was selected due to its particular strengths of reliability, depth of discharge, safety and longevity. The VRFB was provided by Singapore-based manufacturer V-Flow Tech. VRFBs are generally considered to be safer and longer lasting than lithium-ion batteries. Their credentials for large scale systems are also well established. “The requirements of an SPS suit the strengths of the VRFB perfectly,” VSUN director and Australian Vanadium managing director Vincent Algar explained. “It is a robust piece of equipment that can be cycled repeatedly without degradation in performance. Its high-temperature tolerance makes it ideal for the Australian environment and being non-flammable means that there’s no risk of it causing a bushfire. “We are pleased to be kicking off our relationship with V-Flow with this new sale and assisting the growth of the VRFB market in the Australian and the South-East Asian regions.” He added that while the current residential battery market is focused on deploying short-life systems such as lead acid and lithium-ion batteries, VSUN is offering smaller, more modular VRFBs that are safer, have longer asset lives and are more environmentally friendly overall. Vanadium SPS The SPS sold to the customer is a 5 kilowatt/30 kilowatt (kWh) hour VRFB paired with 12kWh of solar photovoltaic panels and a diesel backup system. It is designed to provide the microgrid with an uninterrupted, clean and safe source of energy primarily supplied by direct and stored solar energy.
First Vanadium Corp. Provides Update and Information on Annual General Meeting of Shareholders TSX VENTURE: FVAN www.firstvanadium.com Mr. Paul Cowley reports: Vancouver, British Columbia--(Newsfile Corp. - November 27, 2020) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") announces that with respect to its annual general meeting (the "Meeting") of shareholders ("Shareholders") scheduled to take place on Thursday, December 10, 2020 in Vancouver, British Columbia, the Company is encouraging Shareholders and proxyholders not to attend the Meeting in person, particularly if they are experiencing any COVID-19 symptoms. In order to comply with the Orders of the British Columbia Provincial Health Officer currently in effect related to the COVID-19 pandemic, and in response to the additional directives of the Provincial and Federal governments and health authorities, the Meeting will not be open to the public. Access to the Meeting will be limited to essential personnel and registered Shareholders and proxyholders entitled to attend and vote at the Meeting. There will be strict limitations on the number of persons permitted entry to the Meeting in order to ensure adherence to social distancing requirements. It will also be mandatory for all persons in attendance at the Meeting to wear a face mask/covering. In order to minimize group sizes and respect social distancing regulations, all Shareholders are urged to vote on the matters before the Meeting by proxy which can be submitted electronically, by mail, or by phone as further described in the Company's management information circular dated October 30, 2020, by no later than 10:00 a.m. (Vancouver time) on December 8, 2020. Given the current exceptional circumstances and the requirement to mitigate COVID-19 pandemic risks, there will be no management presentation at the Meeting, nor will there be a question and answer session with management. As the situation regarding COVID-19 is rapidly evolving, the Company reserves the right to implement additional precautionary measures related to the Meeting if deemed appropriate. The Company thanks its valued Shareholders and apologizes for any inconvenience caused as a result of the precautionary safety measures taken in respect of the Meeting. About First Vanadium Corp. First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada and Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit. A positive PEA on the vanadium resource was announced May 11, 2020. Approximately 9 million ounces comprised of multiple gold deposits, including past producing mines, are present near the FVAN property (5-15km). The Gold Target on the FVAN property is supported by compelling science: a north-south structure with coincident gravity high and a 2km x 600m Carlin deposit-type hydrothermal alteration system (dolomite, gold, pathfinder metals, silicification) on FVAN property - all very typical of Carlin deposit-type plumbing system and gold deposits. ON BEHALF OF FIRST VANADIUM CORP. per: "Paul Cowley" CEO & President (778) 655-4311 [email protected] www.firstvanadium.com Technical disclosure in this news release has been reviewed and approved by Paul Cowley, a Qualified Person as defined by National Instrument 43-101, and President, CEO and director of the Company. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking information Certain statements in this news release constitute "forward-looking" statements. These statements relate to future events or the Company's future performance and include the Company's ability to meet its obligations under the Access and Mineral Lease Agreement and the conditions required to exercise in full its option to acquire the Carlin Vanadium project, to finance and drill test the interpreted gold target model and to encounter potential gold zones shown in the gold model . All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
Largo resources publish this article regarding vanadium batteries (the second article is copyrighted and the first is for subscribers only so I'm inviting you to read that content at will by clicking on the links) https://www.bnamericas.com/en/news/largo-betting-on-growing-use-of-vanadium-batteries https://www.pv-magazine.com/2020/12...ry-for-utility-scale-applications-microgrids/ Canada’s Largo Resources is betting on its Brazilian vanadium deposits to help the company switch to a focus on batteries for energy storage. Largo operates in Brazil through its Vanádio Maracás unit and about 80% of its production is used as an alloy in steel, while another 15% goes to the aerospace industry, mainly for manufacturing planes. “The trend is for a migration from the steel industry to the battery industry. There’s a lot of room to grow, as it’s an option for storing large loads, as it’s a metal with high durability," Largo CEO Paulo Misk said in an interview with newspaper Valor Econômico. Such batteries currently use more lithium but Misk expects much of that to be replaced by vanadium as it has longer durability. "Lithium batteries, for example, last six to seven years. Vanadium ones, on the other hand, can be charged and discharged without any degradation and last for more than 20 years,” he said. Toronto-based Largo announced last week the creation of Largo Clean Energy, a unit to provide long-duration vanadium redox flow battery systems for the fast-growing global renewable energy storage market. Misk said the company’s vanadium reserves, in northeast Brazil’s Bahia state, mean “we can double production. Currently, we have reserves for nine years of production, but due to the exploration we’re doing, these reserves can exceed 25 years. This year, we’re likely produce around 12,000t of vanadium, which represents 7-8% of world production," he said.
Seems you can get into Vanadium in more ways than one. Vox will acquire a royalty over a portion of Bushveld Minerals Limited’s (“Bushveld”) (LSE: BMN) Brits Vanadium Project (“Brits”) for total consideration of US$2,000,000. Bushveld is one of the leading vanadium producers with some of the highest primary vanadium grades globally across its three mines.
