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Developed since 1953…

Originally identified for rich iron and titanium potential, the presence of vanadium was discovered in 1966 by Dr. Gilles Allard. In 2007, VanadiumCorp ground staked what became the Company’s flagship project of vanadium rich titanomagnetite “VTM” that spans over 45 square km and is located next to highway 167 just 35 km from to the mining center of Chibougamau, Quebec, Canada.  VTM mineralization is accessible at surface and confirmed by the largest geophysical footprint in the region. The rich VTM is open at depth and along strike and close to infrastructure such as road, rail, 161Kv power, workforce, water and a local airport. The VanadiumCorp Lac Dore Project is adjacent to mineral claims fully permitted for mineral extraction owned by Blackrock Metals, who are moving ahead with plans exceeding $1B USD to construct a mine and concentrator at Lac Dore to transport magnetite concentrate approximately 400km to Saguenay, where they propose construction of a smelter to transform Lac Dore VTM into various end products.

Presentation Slide Deck

In 1960

The Québec government acquired and continued to develop the project until 1980. Lac Dore was then developed by McKenzie Bay Resources and the Crown Corporation SOQUEM, who piloted production in 2002 of vanadium electrolyte at 99.9% V2O5 at SGS Lakefield, Ontario, Canada for vanadium batteries in Japan. The project then developed by Cambior (Now IAMGOLD) and eventually acquired by VanadiumCorp in August, 2007 through highly coordinated and competitive ground staking.  The Lac Dore is considered an ideal source/feedstock for vanadium electrolyte processing with virtually no impurities and exceptional metallurgical recoveries hosted in titanium and iron that are also recoverable with VEPT. Lac Dore has long been revered as a metallurgically unique and highly strategic undeveloped source of vanadium for vanadium batteries since the invention of the VRFB over 30 years ago in Australia by VanadiumCorp Advisor, Dr. Maria Skylass Kazacos.

Project highlights

  • 100% Owned vanadium project spanning over 452 km
  • Favorable metallurgy – Average Magnetite concentrate Grade of 1.08% V2O(Davis tube tests further confirm up to 2% V2Oin concentrate)
  • VTM Mineralization at surface
  • Largest Geophysical Footprint in Region
  • Open at depth and along strike
  • Close to all Infrastructure (road, rail, 161Kv power, workforce, water, airport)
  • Close to mining town of Chibougamau in Quebec, Canada
  • Bushveld Complex mineralization is analogous to the Lac Dore Complex. The Bushveld currently sustains three vanadium producers in operation for decades and supplies the raw material for production of approximately 18,000 metric tonnes vanadium final products per year or about 23% of global vanadium production
  • Extensive history of development since 1953
  • 8 different historic resource calculations from the following firms: Quebec Department of Natural Resources (3 studies), SOQUEM, LMBDS-Sidam, IOS Services Géoscientifiques Inc, Cambior Inc. and SNC-Lavalin. All of these resource calculations are considered non-current and obsolete.
  • Over 200 reports dealing with exploration, drilling, metallurgy and economical aspects
  • Extensive beneficiation, smelting and salt-roasting testing by various groups
  • 54 drill holes and 27 trenches tabled with 3D modeling
  • Vanadium recovery from magnetite
  • Extensive beneficiation, smelting and salt-roasting testing by various groups
  • Ground and airborne geophysical surveys
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