From your reference... VRB is worth a lot more VRB is worth many multiples of it's$ 9 million market cap. Blackrock needs VRB's Lac Dore to make the whole project Capex work...JMHO
The Chinese in the game
Certainly the unprocessed ore BlackRock has been sold in China, where the plants will be separation and where vanadium is asked: thanks to its ability to increase the strength of steel structures, it will be used to rebuild buildings demolished by earthquakes.
And this is the first financing obtained by BlackRock, which totaled $ 40 million comes from the Chinese fund Prosperity Minerals, which currently holds 65% of the mining. BlackRock also hand a $ 150 million agreement with the sovereign wealth fund of the Sultanate of Oman, the Middle East, who wants to start mining. The funding includes $ 80 million of equity and $ 70 million in iron ore concentrate.
For its part, Quebec Resources bought $ 45 million worth of shares in BlackRock. The corporation could increase its support under another program, hopes Mr. Rainville.
Golden Lake Project has achieved several milestones: it was the subject of an agreement with the Cree community on its impacts and benefits, as well as a partnership with Chibougamau.
BlackRock is in talks with Hydro-Québec transmission line of 60 MW in Phase I and 90 MW in Phase 2 (which includes a second pit 3.5 km).
BlackRock also plans to build a railway 27 km ($ 50 million) connected to existing networks with which it has entered into an agreement: the National, Rio Tinto and Canadian railway that the community of Grande-Anse in Saguenay is being built to the port. BlackRock plans to invest $ 100 million for the port facilities.