PacificOre Mining Corp. (TSXV:PC,OTCQX:APAFF,FWB:NWN) just appointed Mr. Terry Perles, one of the world’s most highly regarded Vanadium authorities, to the Company’s Advisory Board.
Terry Parles, commented:
I am pleased to contribute and participate in the monetization of PacificOre’s Lac Dore and Iron-T deposits. Today, more than 90% of existing vanadium demand is from the global steel industry, driven by increased steel production primarily in China, India and the developing world. At the same time, various economic and legislative factors are increasing the use of vanadium in the steel industry where production of higher strength steels to meet the growing demand for infrastructure is accelerating on a global basis. As a result, we expect the demand for vanadium to grow at 7% year-over-year from 2010 to 2025 based on the steel industry alone.
PacificOre Mining Corp. Chairman, Patrick D. O’Brien said:
Terry is one of the world’s most connected and informative authorities in the Vanadium space. He is well acquainted with all of the producers and end users in the Vanadium, Titanium and Steel industries; and is playing an important role in plugging PacificOre Mining and its two wholly-owned subsidiaries Prestige Mining Corp. and Power Vanadium Corp. directly into the key decision makers within these target sectors, on a global scale as we prepare to move the Lac Dore and Iron-T Vanadium-Iron-Titanium projects towards future production.