Vanadium One Iron

Developing Iron Ore Deposit with Substantial Vanadium in Quebec

Vanadium One Iron Overview

Vanadium One Iron Corp. (TSXV:VONE,FWB:9VR1) is a mineral exploration company focused on advancing its Mont Sorcier iron ore-vanadium project in Quebec, Canada to produce high-quality iron and vanadium products. According to the Fraser Institute, Quebec is a top mining jurisdiction in the world, offering mining companies access to world-class infrastructure such as low-cost hydropower, a skilled mining workforce and access to international markets.

Vanadium One Iron’s Mont Sorcier project is a bulk tonnage iron ore and vanadium deposit with low titanium content. Mont Sorcier’s unique low-titanium iron-vanadium deposit has the potential to produce an iron-vanadium concentrate for use directly in blast furnaces by existing Vanadium slag producers and in steel production.

The company recently released a maiden resource estimate for the property in June 2019. The report outlines an indicated resource of 35 million tonnes of magnetite concentrate grading 65.3 percent iron and 0.6 percent vanadium with an inferred resource of 178.3 million tonnes of magnetite concentrate grading 64.4 percent iron and 0.6 percent vanadium.

In February 2020 Vanadium One Iron announced the results of its preliminary economic assessment (PEA) at its Mont Sorcier iron-vanadium project. The report included an annual production target of approximately 5 million tonnes of high grade, low impurity, iron concentrate grading approximately 65 percent iron with 0.6 percent V2O5 per tonne of concentrate. In April 2020 the company filed its NI 43-101 technical report on the Mont Sorcier project.

The property is approximately 25 kilometers from the CN Rail terminal, providing Vanadium One Iron direct access to deep water ports and the international markets. Vanadium One Iron intends to utilize its strategic location to the CN Rail system to ship its iron ore to blast furnaces for further refinement once Mont Sorcier is in production. After the iron ore is processed, the company intends to retain the vanadium produced as a by-product, giving the company an additional revenue stream.

Vanadium One Iron’s management team has a wealth of experience building and adding value to mining projects. The team’s expertise will help them push the Mont Sorcier project towards production. Management is also strategically aligned with its shareholders, holding over 18 percent of the company’s shares.

Vanadium One Iron Company Highlights

  • Located in Top Tier mining jurisdiction of Quebec, Canada.
  • Just 18 km from Chibougamau with access to low-cost hydropower and a skilled mining workforce.
  • Excellent infrastructure just 25 km from the CN Rail terminal by road, providing access to deep water ports and international markets.
  • Low-titanium content at Mont Sorcier has the potential to produce an iron-vanadium concentrate for use directly in blast furnaces by existing Vanadium slag producers and in steel production.
  • Vanadium One Iron’s maiden resource estimate outlines an indicated resource of 35 million tonnes of concentrate grading 65.3 percent iron and 0.6 percent vanadium with an inferred resource of 178.3 million tonnes of concentrate grading 64.4 percent iron and 0.6 percent vanadium.
  • PEA at its Mont Sorcier iron-vanadium project filed in February 2020. Includes annual production target of approximately 5 million tonnes of high grade, low impurity, iron concentrate grading approximately 65 percent iron with 0.6 percent V2O5 per tonne of concentrate
  • Technical report on the Mont Sorcier project filed in April 2020
  • Additional metallurgical testing and environmental baseline studies are currently under development.
  • Vanadium One Iron’s management team and board of directors have experience in iron ore and vanadium deposit exploration, development and production.
  • Management and directors notably hold over 18 percent of shares.