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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 explmanon Sep 29, 2017 12:01pm
116 Views
Post# 26759026

RE:RE:Pea

RE:RE:PeaThere are really only a few reasons why the PEA has been delayed. Pick your favorite... 1) The initial desk top study has shown that the project is sub-economic and therefore no point in doing a full blown PEA. 2) The work to date shows that if the new, bench top stage, metallurgical technology is employed, the project could be economic, but the regulators will not allow you to use untest new technology as the basis for an economic study. See issue 1 above. 3) VRB has decided to focus solely on the new technology, and scrap the mining part, meaning a change in direction of the company and no need for a PEA. 4) The don't have the money for a PEA. How about management steps up and explains what the he!! is going on. In the absence of that, we can only surmise....
Bullboard Posts