Delrey Metals CEO: Vanadium Redox Battery Usage to Drive Demand

Delrey Metals CEO Morgan Good believes the continued adoption of vanadium redox batteries could drive vanadium demand.

Delrey Metals (CSE:DLRY,FWB:1OZ,OTC Pink:DLRYF) CEO Morgan Good joined the Investing News Network (INN) to discuss the future of vanadium usage around the world, including the promising vanadium redox battery (VRB).

According to Good, the continued adoption of VRBs should drive vanadium demand as the technology gains more traction as a large-scale stationary energy storage solution.

Vanadium’s use as a steel alloy is also expected to continue to drive demand following China’s recent improvement of tensile strength standards in steel rebar. Delrey Metals intends to continue to explore its vanadium prospects in order to reveal each asset’s true potential. According to Good, vanadium’s supply and demand dynamics could continue to drive prices higher moving forward.

Below is a transcript of our interview with Delrey Metals CEO Morgan Good. It has been edited for clarity and brevity.

INN: What has been the catalyst behind vanadium’s price action over the last few years?

Delrey Metals CEO Morgan Good: The main catalyst over the last few years behind the vanadium price has predominantly been the regulations implemented by China for the strengthening of their steel rebar, which has seen massive usage in the infrastructure construction of things such as buildings, roads, bridges, et cetera. This is actually expected to increase by at least 14 percent in 2019. That, along with the adoption of the new burgeoning vanadium redox battery or VRB market, which is just beginning to take flight. Those two major catalysts are really what’s been driving the price higher.

INN: What is your outlook on the price of vanadium moving forward?

MG: The price of vanadium moving forward is expected to continue to be quite bullish mainly due to those two catalysts I just mentioned, particularly the redox battery market. That’s really only about 1 to 2 percent of the overall vanadium usage worldwide right now, but we believe that is going to increase substantially and continue to drive the price higher moving forward.

INN: What attracted Delrey to the Four Corners project?

MG: Delrey was attracted to the Four Corners project for many reasons, including but not limited to its fantastic infrastructure and location in Newfoundland, which is a world-renowned mining jurisdiction, but mainly the yet to be unlocked value of the drill-tested mineralization at the Keating Hill East zone on the property. This, along with four other mineralized anomalies adjacent to Keating Hill East, make this one of the largest vanadium-enriched titaniferous magnetite-hosted deposits in North America. So Delrey will be working rapidly this spring and summer to bring all of the historical work up to 43-101 compliance as well as expanding and opening up the asset’s true potential.

INN: We understand the Four Corners project has significant credits of vanadium. Are there any other metals within the potential deposit worth discussing?

MG: Yes, absolutely. The Four Corners project is predominantly an iron-titanium deposit enriched with vanadium. The bulk of the value and tonnage of the project is actually more associated with iron ore and titanium, two metals of major value in today’s commodities cycle. Iron is at a five year high and continuing to trend upwards by the day, trading around US$100 per tonne, having appreciated nearly 130 percent from lows late last year. Companies such as Champion Iron (TSX:CIA,OTC Pink:CHPRF) are trading at record highs and garnering massive attention. Also, ML Gold (TSXV:MLG,OTCQB:MLGCF) with their Block 103 iron ore project also in Newfoundland and Labrador have seen their stock increase over 300 percent in recent weeks and months with this surge in iron prices. Clearly, Delrey cannot ignore the iron potential within the Four Corners project and will pursue all the metals the asset has to offer, including iron, titanium and vanadium.

INN: What is British Columbia’s appeal as a vanadium-mining jurisdiction?

MG: Complementing our Four Corners project in Newfoundland, we were attracted to our four other vanadium properties on British Columbia’s Pacific coast as they’re all located on tidewater, within reach of a large shipping port, Prince Rupert, and come with ideal mine-to-market geography.

The company has scheduled plenty of additional work on the properties for this summer. We’re already underway with a recently completed airborne geophysics program with plans to drill this summer. So far, those surveys, combined with historical surface sampling work that we have, do confirm vanadium, iron and titanium mineralization, which gives us a ton of confidence and make them very easy to work on as they are close to home.

INN: How do you see vanadium supply and demand fundamentals influencing the market?

MG: Well, obviously the growing demand and the fundamentals of vanadium I discussed previously should lead to higher prices that will sustain themselves from 2019 and beyond. It’s just that simple.

This interview is sponsored by Delrey Metals (CSE:DLRY,FWB:1OZ,OTC Pink:DLRYF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Delrey Metals in order to help investors learn more about the company. Delrey Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Delrey Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

Western Copper and Gold CEO: We’re Western Copper and Gold for a Good Reason

“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both a copper and gold perspective. So we’re Western Copper and Gold for a good reason,” shared Western Copper and Gold CEO Paul West-Sells.

Western Copper and Gold (TSX:WRN,NYSE:WRN) is currently sitting on a resource that’s composed of 21 million ounces of gold and 11 billion pounds of copper.

Western Copper and Gold CEO Paul West-Sells views this as a significant endowment for the company and its shareholders, as well as for Canada and the Yukon.

“We’ve got 21 million ounces of gold and 11 billion pounds of copper in our overall resource at Casino. Very significant from both a copper and gold perspective. So we’re Western Copper and Gold for a good reason. And that’s where the value is in the ground,” said West-Sells.

In June 2021, the company announced a positive preliminary economic assessment at its wholly owned Casino copper-gold-molybdenum deposit in the Yukon. Western Copper and Gold will conduct a feasibility study on Casino, and it is targeted to be completed by the second quarter of 2022.

“The other big push for us is to get the permitting going. We now have money in the bank, and we just hired a vice president of permitting to move the project. More importantly, we now have Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) as a strategic investor, which was the last piece that was really missing. This is a big project. A lot of ounces, a lot of pounds, a lot of upfront capital to get those out of the ground.”

Western Copper and Gold completed a brokered private placement for aggregate gross proceeds of $8,010,000 that will be used to fund “Canadian exploration expenses” and “flow-through mining expenditures.”

Watch the full interview of Western Copper and Gold CEO Paul West-Sells above.

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Novo Resources Executive Co-Chairman Michael Spreadborough: Well Financed to Bring Exploration Projects into Production

Novo Resources Executive Co-Chairman Michael Spreadborough said the company has a strong balance sheet to keep advancing its projects toward production.

Novo Resources (TSXV:NVO) recently announced it has intersected high-grade gold at its Talga Talga gold project and has accelerated the near-mine exploration program at its Nullagine gold project in Western Australia. Novo Resources Executive Co-Chairman Michael Spreadborough said the company has a strong balance sheet to keep advancing its projects towards production.

“We are sitting at approximately $50 million cash at the moment, (and) have a strategic investment portfolio that’s worth roughly C$150 million. Our balance sheet is very, very strong with enough horsepower to do the exploration work. We are in a very strong position to keep us moving forward,” he shared.

Novo Resources’ exploration program has been accelerated with additional funding of up to AU$2.5 million to support near-mine exploration. The amount is on top of the previously approved AU$12 million. Novo Resources is aiming to accelerate the delineation of targets in the Mosquito Creek Basin that have the potential to provide additional oxide mill feed to the Golden Eagle processing facility

“We like to play with innovation, we like to be leaders in some of the things that we’re doing. So we’re very focused on ore sorting. Innovation is a big focus in our culture. We’re putting over $15 million a year into exploration as we develop more targets to bring into production,” said Spreadborough.

“We’ve already found good gold discoveries, we’ll probably find more as we do more work. We’ve got the horsepower financially and we’ve got that ability. We’ve demonstrated now that we can take exploration projects all the way through to development and into production. We have the complete skill set. We think we’re in a good position right now to move the company forward,” he added.

Watch the full interview of Novo Resources Executive Co Chair Michael Spreadborough above.

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Azincourt Energy CEO Alex Klenman: Applying Artificial Intelligence to Uranium Exploration in the Athabasca Basin

“Nobody’s really applying artificial intelligence into the uranium exploration in the Athabasca, and so we might be a first mover,” said Azincourt Energy CEO Alex Klenman.

Azincourt Energy (TSXV:AAZ,OTCQB:AZURF,FWB:A0U2) CEO Alex Klenman discussed the company’s pioneering initiatives to bring artificial intelligence (AI), data mining and rapid algorithm work into mining exploration.

Azincourt Energy recently entered into an agreement with FOBI AI (TSXV:FOBI) to apply its established AI and applications “to support Azincourt’s goal of making discovery and delineating a resource at its East Preston uranium project,” according to a press release.

“Nobody’s really applying AI into the uranium exploration in the Athabasca, and so we might be a first mover. We’d like to embrace new technology and see how it can make us more efficient,” said Azincourt Energy CEO Alex Klenman.

According to Klenman, the ultimate goal is to utilize technology to allow Azincourt Energy to make discoveries more quickly, with less impact on the environment and with fewer dollars spent on drill holes and exploration initiatives.

The company recently closed the final tranche of a private placement worth $8 million, which will be used to fund the development of the East Preston uranium project. The flagship East Preston project covers over 25,000 hectares in the Western Athabasca Basin, Saskatchewan.

“We’re heading into our drill program in the winter, and we’re going to do 30 to 35 holes. We’re exceeding the entire pre-run here for four years. We have strong institutional support from funds, which allows us to get more aggressive. Our timing looks really good. We’re excited to be cashed up and doing our biggest drill program and the best market we’ve seen since 2011,” shared Azincourt Energy CEO Alex Klenman.

Watch the full interview of Azincourt Energy CEO Alex Klenman above.

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