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Cleantech Vanadium Mining Corp V.CTV

Alternate Symbol(s):  FLYNF

Cleantech Vanadium Mining Corp., formerly Flying Nickel Mining Corp., is a Canada-based exploration-stage mining company focused on vanadium resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. The Gibellini vanadium project is located near Eureka in Nevada's Battle Mountain region covering 21 kilometers (km), Gibellini holds 127 million pounds of measured and indicated V2O5, with 195 million pounds inferred. The project features an open-pit, heap-leach operation with a 0.2 strip ratio and over 60% recovery, targeting 99% pure V2O5 production. Water and sage credits are secured through a nearby 3,000-acre ranch.


TSXV:CTV - Post by User

Post by Bradwaiton Mar 24, 2022 10:48am
116 Views
Post# 34541284

More Than 17,000 tonnes of Nickel Annually !

More Than 17,000 tonnes of Nickel Annually !This article from CBC dated Feb. 17, 2020 (link below) says once fully operational the Minago mine could produce more than 17,000 tonnes of Nickel annually.

17,000 metric tonnes is equivalent to 17,000 x 2200 = 37,400,000 pounds.

Current price of nickel is 14.7988 per pound (@ 10:44 EST Mar. 24, 2022)

This would give gross revenue of $553 Million US or about $697 Million CDN annually.

This does not include revenue from the limestone quarry which will also be operational according to this article. Also with huge demand from electric vehicle manufacturing the price of nickel may well be higher than the current price.

https://www.cbc.ca/news/canada/manitoba/northern-manitoba-nickel-mine-jobs-economic-boost-1.6356218


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