"Little collaborating and Less Development at. Lac Dore" And a "PEA on a shelf"...
"Adriaan Bakker's Vanadiumcorp Resource Inc. (VRB), unchanged at 6.5 cents on 497,000 shares, is back on its promotional horse touting vanadium electrolyte (VE). Mr. Bakker, CEO, says that his company has signed a "non-binding memorandum of understanding" with Electrochem Technologies and Materials Inc. to "collaborate on metallurgical and electrochemical technologies to produce vanadium electrolyte" from material presumably produced at Vanadiumcorp's Lac Dore deposit in north-central Quebec.
Mr. Bakker is quite the collaborator. A month ago, he signed a similar arrangement with another company to collaborate on the development of a VE plant in Canada. A month before that, he acquired a right of first refusal regarding production technology and supply of material to produce VE from fly ash produced in the Alberta oil sands. Last June, it was a letter of intent with yet another company to "collaborate and explore the business opportunity" of producing VE, and a month before that Vanadiumcorp was touting a deal with a German company to "collaborate and explore business opportunities" in the production of VE.
Meanwhile, there has been little collaborating and less development at Lac Dore, which at last report held a resource of 99.1 million tonnes inferred at 0.43 per cent vanadium oxide. The company had been beavering away on a preliminary economic assessment of Lac Dore but it "extended" the timeline for the study -- shelved might be a better description -- to incorporate its VE plan. At last report, over a month ago, Mr. Bakker said the study was "pending." Stockwatch by Will Purcell February 10, 2017.