Dear shareholders and friends,
VanadiumCorp anticipates the filing of it's newly authored Preliminary Economic Assessment (“PEA”) Technical Report shortly. Completion of the main report draft occurred in June as expected and the Micon International is now addressing final aspects of the PEA technical report required for compliance with NI 43-101 guidelines. Once the report is accepted for filing, we will subsequently resume trading on the TSX Venture Exchange.
The Company's 2018 mandate of commercial demonstration for VEPT is also progressing with news anticipated within Q3.
With respect to funding, the Company anticipates within Q3, the receipt of non-dilutive capital such as grants, tax credits and refunds as well as the ongoing exercise of warrants from the overwhelming support of VanadiumCorp shareholders.
Current pricing of vanadium pentoxide has reached US$19.15/LB from US$2.00/LB in less then three years due to global shortage and increased demand from various applications such as vanadium batteries, HSLA steel, alloys, rebar and new technologies. VanadiumCorp is well positioned to play a key role in the vanadium industry with 100% owned VTM resources in Quebec, Canada and green technology representing a new, high efficiency and direct recovery method for vanadium electrolyte with full recovery of titanium and electrolytic iron from many primary sources.
We look forward to an exciting second half of 2018 and have recently launched our new website to streamline our communication, updates and news and continue to add new content everyday. If you have any questions, suggestions or comments feel free to reach us any time.