According to the Vancouver-based miner, there are low exploration and development costs associated with the project.
Vanadium Mining News
To date, Victory Metals has drilled 8,400 metres on the Iron Point project in Nevada.
The company has staked an additional 52 new claims at its Vanadium property in Utah.
The Vancouver-based miner is getting the properties as part of a deal to acquire Journey Exploration.
Recent and historic bedrock grab samples from the Glenelg project returned values of 0.33 & 0.42% V2O5.
The TSX Venture Exchange issued a conditional approval of the definitive agreement signed back in February 2019.
The project has a Mineral Resource of 163 million pounds in the Indicated category and 16.7 billion pounds in the Inferred category.
The company's crew will be ground-truthing several kilometre-scale, high amplitude magnetic anomalies highlighted by a recently completed high-resolution geophysical surveys on the projects.
The Carlin project is considered the largest, highest grade primary vanadium deposit in North America.
Vanadium redox flow batteries have a 20+ year lifespan and at the end of the battery’s mechanical life, the electrolyte can be re-used over and over again.
The company has expanded its landholdings at the Iron Point vanadium project to 5,382 hectares due to its recent drilling results.
The company, which in March more than doubled the size of the vanadium property, believes that Carlin’s maiden resource will provide a base for an economic study.
The company says that copper recoveries from low grade mineralized material went up following magnetite separation.
Ferro-Alloy Resources Group, which is producing vanadium in Kazakhstan, has listed on the London stock market, marking the first junior flotation in the sector this year.
The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.
The Four Corners project hosts vanadium enriched titaniferous magnetite mineralization.
The Vancouver-based miner said the acquisition is aimed at taking advantage of the "hot vanadium market."
Vanadium prices more than doubled in 2018, reaching historic peaks.
The 2019 campaign will include reverse circulation drilling of 10 holes for 3,000 feet.
Field Analytical Services and Testing (FAST), is launching in North America and Australia.
Ontario and Saskatchewan say the plan falls short in growing Canada’s reputation as a world leader.
The PEA calls for an open pit mine that will produce both uranium and vanadium for 13 years
The interest behind its acquisition of all of Vanadium North Resources' shares is the Valley of Vanadium project in the Northwest Territories.
The Temple Mountain property was first mined in 1914.
The listing is not intended to raise capital but would allow investment from South Africa where its core business was located.