Vanadium One Energy Corp

Strategic Energy Metals Exploration for the Battery Industry

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Overview

Vanadium One Energy Corp. (TSXV:VONE) is a Canadian exploration and development company focused on strategic energy metals, such as vanadium and manganese, for the growing electro-voltaic and energy storage industries. The company’s goal is to become a closed-loop supply source for value-added products for direct use in energy storage applications including vanadium redox flow batteries.

Vanadium One’s flagship project is the Mont Sorcier vanadium project located in the mining-friendly jurisdiction of Quebec, Canada. The province of Quebec consistently ranks in the top 10 of Fraser Institute’s most attractive mining jurisdictions in the world. Mont Sorcier is in the same municipality as the vanadium and titanium-bearing magnetite(VMT) deposit owned by privately-held BlackRock Metals, which recently acquired $40 million in equity financing towards the advancement of its BlackRock VMT project and transformation plant.

Vanadium One completed a phase one program at Mont Sorcier in September 2017 which included nearly 1,000 meters of drilling and preliminary metallurgical testing. The results will help to inform the building out of a 3D model for the iron-titanium-vanadium formation hosted on the property.

Planning for the phase 2 program is underway as the company works toward delineating a NI 43-101 compliant resource estimate for Mont Sorcier.

Exploration at the company’s Clinton manganese property in British Columbia has returned assay results confirmed the presence of anomalous values of manganese.

The US Government considers both vanadium and manganese as strategic minerals. Currently, North America is without a domestic supply source for both of these important resources. Traditionally used in the manufacturing of alloyed steel, new markets are emerging for vanadium and manganese including the growth markets for electric car batteries, large energy storage systems and portable personal devices. In particular, vanadium redox flow batteries are emerging as a potential grid storage solution due to their long lifecycle and high energy capacity.

According to the National Research Council of Canada, “Energy storage technologies are expected to increase at an exponential rate in Canada and abroad over the next decade – all positive news for proponents of a greener, more efficient grid. With growth comes new opportunities, such as increased demand for graphite, nickel, and lithium used in lithium-ion batteries. Similarly, the vanadium redox flow battery (VRFB) is a promising technology choice for stationary energy storage, and a growing market raises the question – where do we find stable and affordable sources for high-quality vanadium?”

Company Highlights

  • Focused on advancing vanadium and manganese projects, strategic materials for battery-based growth markets.
  • Advantageously located in Quebec, one of the world’s top mining jurisdiction, in an emerging vanadium district.
  • Phase one exploration program complete with assay results pending.
  • Planning for phase two exploration program underway, including 5,000 meters of drilling and metallurgical testing, with goal of defining a NI-43 101 Resource Estimate.
  • Experience management and technical teams.

Flagship Project: Mont Sorcier Vanadium Project, Quebec

Vanadium One’s wholly-owned Mont Sorcier Vanadium Project is located 18 kilometers east of the town of Chibougamau in Quebec and is easily accessible year-round. The 1,920-hectare property is surrounded by past-producing mines and hosts a vanadium-iron-titanium deposit with a historical resource of 270 million tons grading 27.65 percent iron, 1.05 percent titanium oxide and 0.23 percent vanadium oxide. Results from drilling conducted by Chibougamau Independent Mines in 2013 conformed the width and grades identified by the historical data.
The company has completed an initial NI 43-101 Technical Report for Mount Sorcier that includes a review and interpretations of the exploration work completed on the property thus far, as well as recommendations for further exploration.
The NI 43-101 Technical Report details the presence of three distinct mineralization systems at Mount Sorcier:

  • Volcanogenic Massive Sulphide (VMS) mineralization
  • Magmatic iron-titanium-vanadium mineralization
  • Copper or copper-gold rich veins systems

There are also small amounts of titanium, gold and zinc mineralization on the property.

North and South Zones

This historical work at Mont Sorcier performed in 1966 included 35 drill holes across two zones of strata form sub-vertical magnetite titanium-vanadium deposits—the North Zone and South Zone.
The property was originally explored for iron, and so was not assayed for vanadium. The North Zone has a reported average true width of up to 137 meters with an estimated historical resource of 171 million tons grading 30 percent iron and 1.06 percent titanium oxide. The South Zone has a reported average true width of up to 61 meters with an estimated historical resource of 171 million tons grading 30 percent iron and 1.06 percent titanium oxide. Both zones are about one kilometer apart and remain open at depth.

2013 Exploration Drilling

In more recent years, the project area has been evaluated for its significant vanadium mineralization potential. In 2013, Chigbougamau Independent Mines drilled one hole in each of the zones, reporting 0.26 percent vanadium oxide over 221 meters in the North Zone and 0.44 percent vanadium oxide over 54 meters in the South Zone.

2017 Phase One Drill Campaign

Vanadium One completed its phase one drill program at Mont Sorcier in September 2017. The 1,000-meter program’s goal was to intersect targets inside the iron-vanadium-titanium formation outlined in the historical data and identify new targets for vanadium exploration.
Samples comprising two tonnes of material from five of the seven drill holes completed during the campaign have been sent for assay. Drill core from the remaining two drill holes will be used to perform preliminary metallurgical testing.
In addition, Vanadium One is reviewing and cataloguing data from historic drill logs to be used along with new exploration data for the development of a 3D model of the Mont Sorcier project.
A phase two drill program is planned and will include 5,000 meters of diamond drilling and metallurgical studies both designed to delineate a NI 43-101 compliant resource base.

Clinton Manganese Project, British Columbia

The wholly-owned Clinton Manganese Project is located in British Columbia, comprising 954 hectares of road accessible property close to excellent infrastructure including nearby rail access.
The Summer 2016 exploration program at Clinton included geological, geochemical and geophysical work including ground magnetometer geophysical survey, 10 rock samples and 80 soil samples. The assay results confirmed the presence of anomalous values of manganese and helped to identify targets for further exploration.

Management

Martin Walter – Chief Executive Officer and Director

Mr. Martin Walter is the former CEO of Treasury Metals Inc., an Ontario junior gold mine developer. He has over 20 years of international experience in mineral and mine development and has worked on numerous mining projects worldwide as a consulting geologist. Mr. Walter earned his MBA at the University of Toronto and a Bachelor of Science in Geology from the University of Ballarat, in Australia.

Jacques Arsenault—Chief Financial Officer

Jacques Arsenault is an experienced executive and consultant.  For more than 20 years he has specialized in the development, restructuring, acquisition, merger and sale of companies and assets in both the public and private sectors. Arsenault founded and operates his own successful business, Arsenault Business Staging Group. The business is a consultancy which focuses on two main areas: strengthening a company so that when it is sold the owners will receive the highest possible value and restructuring companies so that they become a model of efficiency with an improved bottom line and strategic position, returning increased value to their shareholders. He has consulted with the mining industry for many years.  Since 2008, he has been a Director on the Board of Caldera Resources where he also serves as CFO.  From 2006 to 2008, he served as Vice President Finance and then Chief Financial Officer at Forest Gate Resources. During his career he has worked as financial controller for notable corporations including Videotron, AES Data, Culinar and Uni-Select.  He was also Vice-President Finance and Administration at Piscines Trevi, a true Quebec success story.  Among his other achievements, he introduced the AC Delco product line to the Quebec market.

John Priestner—COO

John Priestner began his career in business with a publicly traded environmental company where he was responsible for R&D, new business development and project management. He went on to become the General Manager of US operations. Priestner is experienced in large-scale project development and management and has worked in concert with the public, stakeholders and special interest groups as he was responsible for design, development and construction management of several large waste management facilities, including a landfill.  In 1995, he acquired a hydraulic service company in Burlington, Ontario, and has been operating it for the past 22 years. Priestner took over as President and CEO of VONE in October 2013, and was instrumental in its successful restructuring during 2016.

Ashley Martin—VP Technical Services

Mr. Ashley Martin brings over 12 years of mining construction and development experience to the Company. At Guyana Goldfields, he held various positions including Manager-Technical Services, Civil Works Manager and Construction Manager for the Aurora Gold Mine. He was Senior Project Manager at Treasury Metals and Manager of Business Development at Forrester Metals. Mr. Martin attained his degree in Civil Engineering from Curtin University, in Western Australia.

Shimshon (Shimmy) Posen—Corporate Secretary
Shimmy Posen is a lawyer at Garfinkle Biderman LLP, where he focuses on corporate finance, M&A and securities law. He acts for public and private companies, securities dealers and financial institutions on a number of public and private financings and commercial transactions. Posen holds a J.D. from Osgoode Hall Law School and a B.A. in Political Science from York University.

Victor R. Dario—Director

Victor Dario is a financial consultant with more than 30 years of experience in corporate finance and asset management. He formerly worked in executive positions with UBS AG and Bank Invest AG, Zurich. Dario is a Partner at CGZ Consulting Group Zurich, Inc., as Divisional Head Corporate Finance, where he advises demanding enterprises, stock quoted international corporations, SME’s, public and non-profit organizations, assisting them in their development and implementation of outstanding and sustainable improvements. Dario also serves as Chairman of the Board of PHZ Bank Zurich AG and sits on the Board for Trimetals Mining Inc.  Victor Dario holds a master’s degree in economics and finance from the University of Zurich, Switzerland.

Rodney D. Ireland—Director

Rodney Ireland has been a Director of Vanadium One Energy Corp. (formerly Vendome Resources Corp.) and Vena Resources Inc. since August 04, 2016.  Mr. Ireland has been a Director of Forrester Metals Inc. since May 27, 2016. Ireland brings over 15 years of capital markets experience to the Company, highlighted by strong connections to capital market teams and retail brokerages.  Based in Toronto’s financial district, he has brought his business development skills to several TSX, ASX, TSXV and CSE companies. Rodney studied Agricultural Economics at the University of Guelph, where he honed his business skills operating in real estate and appliance rentals businesses.

Pierre-Jean (PJ) Lafleur—Director, Geological Consultant

Pierre-Jean Lafleur graduated from Ecole Polytechnique of the University of Montreal in 1976 where he specialized in geotechnical study (ground control). He also completed the program for civil engineering, studied operational research and logistics. In his practice, Lafleur became a mineral resources evaluation expert with strong computer modeling, financial analysis, Geostatistics skills and is an economic geologist.  PJ also does mines planning and design for underground and open pit mine.  PJ has worked for various mining companies in Canada for about 15 years including Falconbridge (now Glencore) until 1994.

He is owner of P.J. Lafleur Geo-Conseil Inc. (PJLGCI) since 2006 and a full time independent consultant since 1994.  He has specialized in property evaluation, mineral resource estimation and various aspects of exploration and mining project management, including detailed financial and economic analysis.  His latest achievement is a method called Mineral Resources Optimization (MRO) designed for Strategic Mine Planning (SMP) using powerful computer models design to maximize the NPV. Lafleur has extensive experience in base metals and precious metals, as well as in industrial minerals including iron ore, phosphates, gypsum, limestone and other mineral resources (diamonds, rare earth, niobium, vanadium, coal, titanium, etc.). He has presented at conferences and written articles and papers about his work, including many Technical Reports (NI 43-101). He is a qualified person in accordance with National Instrument 43-101 and has been involved in feasibility studies with many well-known Consulting Firms.

Mitchell Kidd—Director

Mitchell Kidd is a USA born metallurgical Engineer who has built a career specializing in the business of pyro-extraction of Vanadium Metals. He gained his master’s degree in Metallurgical Engineering from Purdue University in 1985 and earned a Lean Six Sigma designation from Villanova University in 2014. Most recently, before his retirement, Mr. Kidd was President of AMG Vanadium from 2013 to 2016 in the USA. In addition to this, and during the same period, Mitchell served on the Boards of two industry organizations, on the Board of Governors for Vanitec, and as well, served on the Board of VPRA, The Vanadium Producers and Recyclers Association of North America.

Afzaal Pirzada—Geological Consultant

Afzaal Pirzada is a professional geoscientist with over 25 years’ experience in mineral exploration and mining with expertise on graphite, lithium and rare metals, uranium, base and precious metals exploration. He has successfully managed multiple exploration projects in various jurisdictions across Canada, and internationally. Pirzada has discovered one graphite deposit in Quebec, and successfully developed a lithium project from early stage exploration to advanced exploration. He has been working on hard rock and brine lithium, and other industrial minerals projects since 2008. Pirzada has vast management experience especially related to the junior resource industry and has worked as Principal Geologist, VP Exploration, Director, President and CEO of various junior mining companies. He has excellent project management and team building skills with strong work ethics. He is registered as a professional geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia, Canada, has authored several NI 43-101 technical and exploration work assessment reports, and has worked as “Qualified Person” person on mineral exploration projects.


 

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