Moody’s Downgrades Midwest Vanadium

Moody’s Investor Service reported that they have downgraded Midwest Vanadium’s rating to Caa2 from Caa1 over liquidity concerns.

As quoted in the market report:

Slower than expected ramp-up of ferrovanadium production due to performance issues in its crushing, milling and beneficiation circuit has delayed cash flow generation.

To view the whole Moody’s report, click here.

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VanadiumCorp Resource Inc. (TSXV:VRB) main objective is to become the only primary producer of high purity vanadium products in North America through systematic development and strategic partnerships. Connect with VRB to learn more.

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