V.VRB
ORIGINAL: VanadiumCorp Files Year-End Financial Statements and Provides a Corporate Update
2021-08-20 08:32 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2021) - VanadiumCorp Resource Inc. (TSXV: VRB) (OTC: VRBFF) (FSE: NWN) (the "Company", "VanadiumCorp"), has filed its Year-End financial statements, along with the management discussion and analysis for the period ended on October 31, 2020, which are now available online. The Company plans to file all remaining Quarterly financial statements and documents as soon as practicable. Once filed, the Company will apply for revocation of the cease trade order and apply to reinstate trading of its shares on the TSX Venture Exchange.
Adriaan Bakker, VanadiumCorp's CEO, commented: "We thank all our shareholders for their support and patience as we go through the process to bring the Company into good standing. The Company continues to work diligently on its clean technology and development plans for its mineral resources through out this process."
A copy of our MD&A and financial statements is available here. This Management Discussion and Analysis should be read in conjunction with the Company's condensed interim consolidated financial statements and related notes.
About Commodities and VanadiumCorp
Commodity fundamentals have improved substantially lately, marked by the price of vanadium pentoxide that has increased from $5.00 to $9.80 USD/lb in the past 10 months. Similarly, iron ore and titanium prices have rebounded.
The Company is well-positioned to participate in the surging worldwide demand for green energy storage. The Company is poised to initiate environmental and economic studies after validation of its large V-Ti-Fe mineral deposit at Lac Dore, Quebec with a NI 43-101 technical report (CSA Global, Longridge, 2020). Key to those pending studies is the commercial-scale demonstration of the Company's 100% owned and patented hydrometallurgical process ("VEPT").
Success contingent, the Company is uniquely positioned to cover the entire supply chain: from mining; responsible extraction of vanadium, titanium, and iron; to the manufacture of vanadium electrolyte.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
For more information:
Adriaan Bakker,
President and CEO, VanadiumCorp Resource Inc. (TSXV: VRB) (OTC: VRBFF) (FSE: NWN)
By phone: 604-385-4489
By email: info@vanadiumcorp.com
Website: www.vanadiumcorp.com