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vanadiumcorp resource inc (APAFF) Snapshot

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06/17/14 - $0.07
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vanadiumcorp resource inc (APAFF) Details

VanadiumCorp Resource Inc., a resource company, acquires, explores for, and develops mineral properties, primarily vanadium in Canada. Its 100% owned flagship vanadium project is, the Lac Dore Project, located in Quebec. The company was formerly known as PacificOre Mining Corp. and changed its name to Vanadiumcorp Resources Inc. in November 2013. Vanadiumcorp Resources Inc. was incorporated in 1980 and is headquartered in Vancouver, Canada.

vanadiumcorp resource inc (APAFF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$20.0K
Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: C$10.0K
Compensation as of Fiscal Year 2013.

vanadiumcorp resource inc (APAFF) Key Developments

Vanadiumcorp Resource Inc. Announces Second Phase of Lac Dore Claim Expansion and Approval

Vanadiumcorp Resource Inc. announced that the company has conducted a 2nd phase of claim expansion adjacent to its 100% owned Lac Dore Vanadium Project situated near Chibougamau Quebec. The project claim expansion consists of 38 map designated cells spanning 8,531 acres or 21.08 square kilometres. Also, 10 of the 11 posted claims which were pending approval from the initial claim expansion were approved by the government, adding 603 acres or 1.49 square kilometres. The map designated cells and first 10 staked claims have been approved with the Ministere de l'Energie et des Ressources Naturelles providing 100% ownership of all VanadiumCorp's Lac Dore project mining claims. The claim expansion extends VRB mining claims north of the Company's Lac Dore East deposit. This recent title acquisition increases VanadiumCorp's land holding to a total of 135 mining claims covering 42.5 square kilometres or 17,195 acres. All of VanadiumCorp mining claims at the Lac Dore Vanadium Project are 100% owned and free of any royalties or any other encumbrance. An updated project claim map will be available on the VanadiumCorp website within the week.

Vanadiumcorp Resource Inc. Completes First Tranche of CAD 1 Million Private Placement

Vanadiumcorp Resource Inc. announced that due to demand it, has increased its non-brokered private placement previously announced on August 8, 2014. The lacement has been increased from 12,606,060 units and gross proceeds of CAD 800,000 to 16,562,816 Units with gross proceeds now totaling CAD 1 Million. The company also announced that it has closed the 1st tranche of the Placement totaling 14,744,635 Units and consisting of 10,044,635 non-flow-through units at a price of CAD 0.055 per Unit; and 4,700,000 flow-through units at a price of CAD 0.075 per FT Unit for gross proceeds of CAD 904,955.

Vanadiumcorp Resource Inc. Reports Lac Dore NI 43-101 Technical Report

Vanadiumcorp Resource Inc. reported that the first-ever Lac Dore NI 43-101 technical report is complete. The report exceeds the usual requirement of a standard NI 43-101 technical report, in the sense it provides an extensive review of the metallurgy of vanadium extraction as well as a market outlook. The Lac Dore project has now reached a new level of compliance to achieve 'advanced stage' status, significantly decreasing the timeline to production. The report enables the company to proceed directly to resource calculations. No supplementary drilling is needed, years of expensive drilling campaigns to establish a resource are not required. The report has unlocked all of the relevant past data and knowledge that is technically in the public domain but accessible to very few people. VanadiumCorp has authorized immediate claim expansion that facilitates preparation for eventual mine planning.


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