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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
VDO On Other Exchanges
Symbol
Exchange
Venture
As of 4:20 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

nevado resources corp (VDO) Snapshot

Open
C$0.04
Previous Close
C$0.04
Day High
C$0.05
Day Low
C$0.04
52 Week High
04/24/14 - C$0.07
52 Week Low
01/19/15 - C$0.02
Market Cap
2.1M
Average Volume 10 Days
28.9K
EPS TTM
C$-0.02
Shares Outstanding
51.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NEVADO RESOURCES CORP (VDO)

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nevado resources corp (VDO) Details

Nevado Resources Corporation, an exploration stage company, is engaged in acquiring, exploring, evaluating, and developing mining properties in Canada. It primarily holds 100% interest in the La Blache titanium-vanadium-iron and Fermont graphite-iron projects located in Northern Quebec, as well as the Bozema Lake zinc-copper-silver-gold property located in Ontario with 353 mining claims covering a total area of 12,604 hectares. The company was formerly known as Nevado Venture Capital Corporation and changed its name to Nevado Resources Corporation in August 2010. Nevado Resources Corporation was incorporated in 2006 and is headquartered in Montréal, Canada.

Founded in 2006

nevado resources corp (VDO) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: --
Chief Financial Officer and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

nevado resources corp (VDO) Key Developments

Nevado Resources Corporation Discovers Three New Mineralized Areas at Fermont Graphite Property

Nevado Resources Corporation announced that it has discovered three new mineralized areas at its Fermont graphite property, located near Focus Graphite's Lac Knife deposit in Northern Quebec. The corporation carried out prospecting and sampling on the Fermont property in October 2014 to test the results of the helicopter-borne TDEM electromagnetic survey conducted in 2012. Due to difficult ground conditions caused by heavy rain, only 13 grab samples were collected from three separate areas. These three new graphite-bearing areas indicate a significant extension of the graphite zones identified previously, and expand the area of interest for exploration on the property. Line 32S: Three grab samples (SF-14-05a, SF-14-05b and SF-14-06) returned 12.51% Gp, 8.38% Gp and 7.30% Gp from one outcropping area of about 6 m2. The host rock, a biotite paragneiss, lies between two curved, parallel HEM conductors located previously by the geophysical survey. The two conductors may be linked, and may represent a single graphitic unit on either side of an anticline structure. Line 36S: Sample SF-14-07, taken from a rusty biotite paragneiss, was shown to contain 6.03% Gp. The outcrop, east of the base line, lies directly over an HEM conductor and on strike with a projected graphitic unit intersected at depth in Hole NV-12-03, drilled by Nevado in 2012, which returned 5.83% Gp in a biotite paragneiss between 194 and 214 metres. This intersection is on Line 24S, some 1,200 metres farther north, which suggests that the SF-14-07 site may very well be the southern extension of the graphitic unit identified in the hole. Line 52S: Sample SF-14-11 was collected at the southern end of the property, where a biotite paragneiss was shown to contain 9.15% Gp. The sample is found along an HEM conductor that returned around 5% Gp from previous sampling by Nevado some 50 metres farther east. The conductor can be traced for a distance of at least 800 metres. On Line 42S, Nevado obtained grades of 15.45% Gp and 16.8% Gp in previous work.

Nevado Resources Corporation and Neomet Technologies Formalize Their JV Agreement

Nevado Resources Corporation announced that it has signed a final agreement with Neomet Technologies Inc. to form a joint venture on the following basis: Nevado - 70%, Neomet - 30%. The purpose of the joint venture is to develop Nevado's wholly-owned La Blache property, or other similar properties to be held by the joint venture. The joint venture will use Neomet's pilot plant to demonstrate the process at a much larger scale based on the flowsheet designed at Neomet's mini-plant, and will then conduct a feasibility study on the property. The joint venture will have the exclusive right to use Neomet's patent-pending technology to recover metals from similar ores in Quebec, Ontario, Newfoundland and Labrador, as well as other regions of North America as may be agreed from time to time by the joint venture parties.

Nevado Resources Corporation Signs Binding Letter of Intent with Neomet Technologies Inc. to Form a Joint Venture

Nevado Resources Corporation announced that it has signed a binding letter of intent with Neomet Technologies Inc. to form a Joint Venture ("JV"). The purpose of the JV is to finalize the demonstration of the flow sheet established in Neomet's mini-plant at a much larger scale up using a pilot-plant at Neomet facilities with the final objective to complete a feasibility study to develop Nevado's wholly-owned La Blache property or similar properties into production on a Nevado 70% - Neomet 30% joint venture basis. The JV will have the exclusive right to use Neomet's proprietary, patent pending technology on acid regeneration to recover metals from similar types of minerals in Quebec, Ontario and Newfoundland and Labrador, or other regions within North America as may be agreed from time to time by the parties of the JV. The letter of intent provides for Nevado's initial contribution to consist of its La Blache property rights, and Neomet's contribution to be an exclusive royalty-free license in Quebec, Ontario, Newfoundland and Labrador for the duration of the JV allowing Nevado to use the technology to develop the La Blache property through to production of Ti-V-Fe minerals and any by-product of value which may be derived, including exclusive rights in Quebec, Ontario, Newfoundland and Labrador to any inventions or improvements made to the technology. Pilot plant stage: Within 90 days of the later of the signing of the letter of intent and August 31, 2014, Nevado must raise a minimum of $2 million to fund pilot plant (approximately 100 times scale up to mini-plant run) testing of the La Blache minerals, and an additional $1 million to carry out a Preliminary Economic Assessment (PEA), initiate Impact Benefit Agreement discussions with the Innu, carry out environmental data base studies and drill to convert sufficient resources to the Measured and Indicated category to allow a final feasibility study to be initiated should the parties so decide after completing the PEA. Subject to TSX rules, Neomet will have the right to subscribe to up to 10% of Nevado's equity upon signature of the JV agreement. Engineering feasibility decision stage: Nevado will raise an estimate $5 to $10 million to carry out a detail engineering feasibility which meets banking consortium requirements for debt financing. Neomet will ensure availability of all the key scientific and technical personnel, if required, for the feasibility study and the commissioning of the commercial plant. Neomet will also have the right to subscribe to the number of shares required to maintain its 10% equity participation in Nevado. Production decision stage: Nevado and Neomet will be responsible for raising their proportional share of the JV (70/30) for the financing required for project construction and commissioning.

 

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