Vanadium One Iron Corp.: Vanadium One and Glencore Enjoin to Support Development of the Mont Sorcier Iron and Vanadium Project
Eight Year Offtake Agreement securing market access for 100% of
Mont Sorcier production
TORONTO, ON / ACCESSWIRE / May 12, 2021 / Vanadium One Iron Corp. ( Vanadium One or the Company ) (TSXV:VONE), is very pleased to announce that it has entered into a long-term arrangement with a wholly owned subsidiary of Glencore plc ( Glencore ) to support the development of the Mont Sorcier Iron and Vanadium project located in Chibougamau, Quebec. The parties have entered into a Finance Raising Assistance Agreement ( FR Agreement ) and a separate Concentrate Offtake Agreement Offtake Agreement ) to support the ongoing development and the eventual construction and production of the Mont Sorcier iron and vanadium project.
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Robust market potential
What Electric Royalties does:
Electric Royalties Ltd (CVE:ELEC) is a royalty company established so investors can participate in the demand for commodities, such as lithium, vanadium, manganese, tin, graphite, cobalt, nickel and copper, which will benefit from the global drive toward electrification of a variety of consumer products, including cars, rechargeable batteries, large scale energy storage, and renewable energy generation.
The Vancouver, British Columbia-based company currently has a portfolio of 12 royalties and plans to focus predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.
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TORONTO, ON / ACCESSWIRE / February 3, 2021 / Vanadium One Iron Corp. ( Vanadium One or the Company ) (TSXV:VONE), is pleased to provide the initial head assay results from its 2020 drill program which targets the expansion of its current resource at its Mont Sorcier iron and vanadium project, located just outside of Chibougamau, Quebec. The program was designed to extend the current resource at Mont Sorcier by drilling the east end of the North Zone. The goal is to produce an updated Mineral Resource Estimate, which is currently planned for late Q1 2021.
Cliff Sale-Sanders, President and CEO commented Our results continue to support our expectations in terms of grade and location of the mineralization and provides strong support for a significant expansion of the Mont Sorcier iron ore mineral resources. We believe the expanded resource will further validate the robust potential we see in the ongoing development of Mont Sorcier
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TORONTO, ON / ACCESSWIRE / January 13, 2021 / Vanadium One Iron Corp. (the Company ) (TSXV:VONE), is pleased to announce the appointment of Mr. Hubert Vallee as Vice President of Project Development. Mr. Vallee is a senior, well established, Quebec based iron ore mining industry professional and will be an integral part of the Company s development team as it moves the Mont Sorcier iron and vanadium project towards completing a Bankable Feasibility Study.
Hubert Vallée graduated from Laval University in Engineering. He joined Québec Cartier Mining as Project Engineer and was promoted to Director of Operations for its Pellet Plant in 2001. He managed the Iron Ore Company of Canada s Pellet Plant in Sept-Iles before joining Domtar Inc. as Manager of its pulp mill in Lebel-sur-Quévillon. He joined Consolidated Thompson (Bloom Lake) in 2006 and was one of the key people who made this project happen from early stage development into production, acting as Vice President of Develo