Stockwatch Excerpt "Adriaan Bakker's Vanadiumcorp Resource Inc. (VRB) jumped another three cents to 15 cents on 3.74 million shares. The stock, which flatlined near six cents for much of the year, got as high as 18 cents in intraday trading today before Mr. Bakker told the inquiring regulators that he was unaware of any reason for the surge. He might have asked some of his shareholders, who were cheerfully spreading news that one of their nearby rivals, the private Metals Blackrock Inc., had arranged a $40-million sale of equity to support its Blackrock project, near Chibougamau in Northern Quebec. The project adjoins Vanadiumcorp's Lac Dore deposit.
Blackrock's crew tout the financing as a "major step" in developing its project, although the amount being raised is but a drop in the bucket compared with the projected $950-million cost of a mine. Blackrock's project, which cleared feasibility several years ago, hosts an estimated 250 million tonnes of 35 per cent magnetite and 0.38 per cent vanadium oxide. Vanadiumcorp lists 99.1 million tonnes inferred at Lac Dore, averaging 0.43 per cent vanadium oxide. The company has been promising a preliminary economic assessment for some time, but it has been delayed indefinitely to "incorporate additional processing considerations." Stockwatch article by Will Purcell June 8, 2017