Vanadiumcorp Partner to Visit Lac Dore Project Site

VanadiumCorp Resource Inc. (TSXV:VRB) announced that a potential strategic partner will visit the Lac Dore vanadium project site in September, 2015, along with management and IOS Geoscientifique Inc. A meeting in Beijing, China, has also been scheduled with Vanadiumcorp management within the same week.
As quoted in the press release:

The company is nearing completion of the first phase of the preliminary economic study (PEA) involving the procurement of engineering firms, process specialists and metallurgists. The Lac Dore East Deposit represents an NI 43-101 compliant resource of 99.1 million tonnes at 0.43 per cent V2O5 inferred, representing 621 million pounds of V2O5 in magnetite concentrate. Vanadiumcorp is hoping to develop this unique project into North America’s only primary V2O5 producer.
With the objective of introducing the project to the local community, last month, Mr. Bakker attended a town hall meeting in Chibougamau, Que. Mr. Bakker presented and discussed the company’s corporate objectives with municipal officials, members of the Cree First Nation and various community stakeholders. Numerous opportunities were highlighted regarding the potential for a vanadium mine in the region and the significant benefits it could bring for local communities. The population of Chibougamau is over 7,500 people, representing an experienced work force in the mining industry. Chibougamau was once a leader of copper and gold production in Canada, and is supportive of a new mine representing economic diversification related to new industry such as vanadium batteries. Ongoing community relations is an important mandate for the company, understanding that the success of such a project is dependent on a welcome community.

Vanadiumcorp’s CEO Adriaan Bakker stated:

Global vanadium production and supply is decreasing as demand continues to rise. The merits of the Lac Dore vanadium project rival existing global producers and has attracted various companies interested in securing domestic supply.

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