Business
One of the world’s least known metals also happens to be of immense importance and is likely to become even more so as renewable energies catch up with and, eventually, eclipse fossil fuels. If you don’t know much about vanadium, you’re not alone. About six months ago, a Canadian mineral exploration Company published a Preliminary Economic Assessment outlining annual production of approximately five million tonnes of high-grade, low-impurity, iron concentrate…grading roughly 65 percent iron along with 0.6 percent vanadium penta-oxide per tonne of concentrate from its Mont Sorcier Iron and Vanadium Projects…located in the historic mining jurisdiction near Chibougamau Québec. Vanadium One Iron Corp. (TSX-V: VONE, OTC: VDMRF, Forum) started its 2020 drill program at Mont Sorcier targeting to expand the current resource base and deliver a new Mineral Resource Estimate (MRE) by Q1 2021. This drill program aims to increase the current resources to a minimum of between 900 million to 1.1 billion tonnes at grades of between 24 to 34 percent magnetite. Additionally, these results are intended to enhance the value presented in the PEA. In this intriguing podcast, Stockhouse Media’s Dave Jackson was joined by Company President and CEO, Cliff Hale-Sanders, to discuss Vanadium One’s latest drill program at Mont Sorcier in Quebec, vanadium’s key attributes and markets, and the Company’s unique dual resource business model.