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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.

Province of quebecKarol bartschMont sorcierGeorgi doundarovBruce pilcherLuke longridgePierre jean lafleurCliff hale sandersNational instrumentGlobal consultants canada ltdInternational council on miningCanadian securities administrator national instrumentCompany mont sorcierVanadium one iron corpGroup companyExtractive industries transparency initiative