Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s): VRBFF

Metals & Mining Industrial Metals & Minerals

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.

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Vanadiumcorp Resource Inc

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Post by yukon_goldon Aug 20, 2021 9:08am

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Post# 33738782

VanadiumCorp: Financial Statements & Shareholder Update

VanadiumCorp Files its Year-End Financial Statements and Provides a Corporate Update

VANCOUVER, BRITISH COLUMBIA, August 20, 2021 - VanadiumCorp Resource Inc. (TSX VENTURE:"VRB") (the "Company", “VanadiumCorp"), (OTCBB:"VRBFF") (FRANKFURT:"NWN") 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. (TSX-V: “VRB”) (OTCQB:"VRBFF") (FRANKFURT:"NWN")

By phone: 604-385-4489

By email: info@vanadiumcorp.com

Website: www.vanadiumcorp.com

Click Here to read the full press release on the VanadiumCorp website.

Click Here for a complete list of VanadiumCorp press releases.