The Market Herald Canada's Simon Druker was joined by the company's President, CEO & Director, Jim Culver, to introduce our audience to this intriguing mining exploration and development play.
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TRANSCRIPT BELOW |
TMH | To start off with, can you tell us a little bit about yourself and the history of the company?
JC | Well, thanks. My background is the commodity business. You can see I'm an old guy by looking at me but I've been in the commodity business one way or the other all my life, grew up on a farm worked in both administration in the government and then worked on the legislative side in government, spent 22 years on wall street working in commodity business in some of the major firms and for the last 10 years have been running VVC.
TMH | Can you update our investor audience and your VVC shareholders on any new company developments, especially your flagship Plateau Helium Project?
JC | Sure. Plateau Helium is one of those projects that we were lucky enough to get, probably because of COVID. So, the Plateau Helium guys who had started the company had put together financing, COVID hit, and that financing went away. I happened to know about them, know about their project was intrigued by took it to our board. The board agreed to do it and I actually think it's a major part, well I don't think, it is now a major part of VVC, and it is the part of VVC that is closest to positive revenue.
TMH | You've recently announced significant increases in helium and natural gas production capabilities with new seven-mile pipeline at your Syracuse Project located in Hamilton County, Kansas. This may be news to many investors. Can you unpack the benefits of it?
JC | Sure. So, this is a 15-mile pipeline internal in our project that connects to the Tumbleweed Ladder Creek pipeline. That pipeline takes natural gas and helium to the tumbleweed processing plant in Cheyenne Wells, Colorado. This means that we don't have to build processing for our helium and natural gas, so we can send it via pipeline through the tumbleweed system, process it in tumbleweed and then sell it into the market and by building this internal gathering system, we can accommodate now up to a hundred new Wells.
TMH | Can you briefly give an overview of your other projects for our investor audience?
JC | Sure. The other project that is near production near revenue is our Copper Project, which is in Northern Mexico. This is the Gloria of Copper Project. It's a 4,000-acre lease, actually it's 4,000-acre claim. So, in oil and gas it's a lease and in mining its claim. So, this is a 4,000-acre claim. We have an (NI) 43-101 on that for that shows 150 million pounds of copper and this is on less than 25% of the total known mineralization zone and we suspect at least two other mineralization zones in addition to the one known. So, it's a small portion of the total mineralization. We have a new mining plan and recovery plan that'll allow us to mine and recover about between 90% and 95% of the copper. It will also allow us to recover the gold silver in the project at the 90% to 95% range and there's probably enough gold and silver in the project that we'll be able to recover that will more than pay for the mining. We should see the first copper sale at about this time in 2023.
TMH | The Company looks set for strong growth in 2022. How are you placed to expand operations to meet demand?
JC | So particularly in helium, if you back up to helium, we now have four projects and are bidding on two more. So, the four projects that we have, one of those we have started the drilling and built the internal gathering system. The second target is also in Kansas. It is a project that is tapping a different zone, this natural gas and helium zone. It's one that will be higher production than the initial Syracuse zone. Then we have a very large project in Colorado and we have a smaller project in Kansas and we are bidding on two more projects in Kansas.