Bearish outlook for metal prices for 2020 — report

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.