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Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s):  VRBFF

VanadiumCorp Resource Inc. is a Canada-based critical metals company. The Company is engaged in the acquisition and exploration of mineral properties in Canada, with a primary focus on the exploration of the Lac Dore and Iron-T Properties in Quebec. The Company produces a stream of quality vanadium electrolytes for Vanadium Redox Flow Batteries (VRFB). The Iron-T Property is located in the Nord-du-Quebec administrative region in the Province of Quebec, approximately 15 kilometers (km) east of Matagami and 780 km northwest of Montreal. The Lac Dore Property is located approximately 27 km east-southeast from the City of Chibougamau, in Eeyou Istchee James Bay Territory, Nord-du-Quebec administrative region, Province of Quebec, Canada. The Lac Dore Project comprises two claim blocks, referred to as Lac Dore Main and Lac Dore North. The Lac Dore Main claims cover an area of 648.82 hectares (Ha), and the Lac Dore North claims cover an area of 4,637.87 Ha.


TSXV:VRB - Post by User

Bullboard Posts
Comment by ventureveston Apr 21, 2014 10:00am
109 Views
Post# 22471967

RE:RE:RE:RE:Question is?

RE:RE:RE:RE:Question is?That  should  be  99,152,383 shares..

What  will be  interesting  is  the  next  placement price and  how  much it is   raised  at.

The  $55 MM has  been  raised  via  multiple  placements/// Looks  like the  average  price  of  .55 / share.

What  will be interesting  is  what   is  the  pice  of the  next  Blackrock  placement as   that  will dictate  the  opening  price  of the  consolidated  CXE   shares... I  bet  it  will open  in the  $1.00+  range, otherwise  they  will have  dificulty  raising the  required   funds  to   develop the  project  without  massive  dilution. ( as per  my  previous  post)

BlackRock to Invest $100 Million in Grande-Anse

(ALMA) Montréal mining company BlackRock Metals announced a more than $720-million project, $100 million of which will be invested in port facilities in Saguenay

BlackRock President Jean Rainville revealed his company’s plans in Alma as part of the 2013 forum on northern development. The company intends to mine a major iron deposit in the Chibougamau area.

The ore extracted will be destined for the Asian market, which explains the need for a deep-water port. Management at BlackRock Metals—an entity comprising 30% Québec interests and 70% foreign capital—finally selected the port in Grande-Anse.

Jean Rainville said that some $55 million has been invested in the project since the founding of BlackRock Metals in 2008.

In the Montréal company’s estimation, northern Québec is one of the most mineral-rich areas in the world. BlackRock Metals expects to extract three million tons of iron concentrate as a result of the construction announced in Alma. It hopes to begin operations in mid-2015.

Source: Le Quotidien (March 15, 2013)


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