ThSeeker
2 years ago
Vanadium Solid-State Battery Company
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding (MOU) to gain a 5% equity interest in a private Japanese battery company, that is advancing its revolutionary fast charging low-cost vanadium solid-state battery (VSB) business world-wide.
The non-binding MOU describes the principles and proposed terms and conditions of an Off-Take Agreement between MK Plus Co., Ltd. (MK Plus) and Phenom whereby Phenom will commit to providing 20% of its future Carlin Vanadium Project production concentrates to MK Plus at fair market value. In exchange for this commitment, MK Plus will, on signing a Definitive Off-Take Agreement, issue to Phenom 5% of MK Plus's issued and outstanding shares. Phenom's interest will be non-dilutive until MK Plus's market valuation exceeds US$500 million after which Phenom's interest in MK Plus may be diluted but will not fall below 3%.
Currently, MK Plus's market valuation is CDN$83.85 million.
According to MK Plus, their vanadium solid-state battery provides higher desired performance at a lower cost over vanadium redox flow batteries (VRFB) in the large capacity battery market. They claim:
Rapid charging in minutes (C-rate of between 100 and 300 versus C-rate of 20 in VRFB), achieving massive charging speeds 100 times faster.
Use one tenth of the amount of vanadium than VRFB use for an equivalent charge.
Have +100,000 deep cycle life without heat dissipation (no fire risk) or degradation (long life).
Have been tested at ambient operating temperatures between 100oC and -40oC without loss of performance.
MK Plus's vision is to be the #1 provider of high-performance, stationary, low-cost utility-scale batteries that are made 100% in North America with vanadium from Phenom's Carlin Vanadium resource in Nevada. With 14 patents world-wide for its battery technology, they have progressed through a 12-year R&D period including thorough third-party testing. They are now providing scaled-up modules to European power companies for customer testing next month. MK Plus has established multiple subsidiaries including the USA, France and Austria with plans to expand further world-wide.
Paul Cowley, President & CEO of Phenom states, "We are very pleased to have built a relationship with MK Plus over the last 2 years that has culminated in this MOU and bring this new technology to the USA to address battery supply chain gaps. The extraordinary features of their vanadium solid-state batteries can be highly disruptive to the utility-scale battery market which is forecasted to expand 30 times by the end of this decade. In my visit to MK Plus's facilities in Japan last week I witnessed firsthand the impressive rapid charging. To own 5% of this unique and progressive Japanese battery company with their aggressive growth potential just prior to their power customer testing is timely and significant for us. We see this MOU as a start to a strong and growing relationship with MK Plus."
"The stationary battery market is projected to be double the size of the EV battery market by early 2030's and that is where vanadium redox flow batteries have their advantage over lithium batteries. As pointed out above, MK Plus's vanadium solid-state battery is superior again to the VRFB. Additionally, MK Plus believes that because of the rapid changing of their battery, there is potential to enter the EV space but are initially focused on the bigger market where they have a clear advantage," continues Paul Cowley. "MK Plus sought out and prioritized Phenom's vanadium resource in Nevada as the ideal target and relationship in the USA for MK Plus's initial global growth plans by securing future vanadium feed in the USA."
The Definitive Agreement is expected to be finalized by June 30, 2023.
ThSeeker
5 years ago
First Vanadium Increases Private Placement Up to $1,375,000
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2019) - First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) ("First Vanadium" or the "Company") is pleased to announce that further to its news releases of May 21, 2019 and June 6, 2019, it has received interest above the previously announced $1,000,000 plus 20% overallotment provision, and accordingly intends to increase the amount to be raised under its non-brokered private placement offering up to $1,375,000, subject to TSXV approval. All other terms of the offering remain as set out in the Company's May 21, 2019 news release.
ThSeeker
6 years ago
First Vanadium Announces First Tranche Closing of Financing – Insiders Participate
Vancouver, British Columbia–(Newsfile Corp. – June 6, 2019) – First Vanadium Corp. (TSXV: FVAN) (OTCQX: FVANF) (FSE: 1PY) (“First Vanadium” or the “Company”) is pleased to announce that the Company has closed the first tranche (the “First Tranche“) of its non-brokered private placement financing (the “Offering“) previously announced on May 21, 2019. Under the First Tranche, the Company has issued 2,125,500 units at a price of C$0.40 per unit for gross proceeds of C$850,200. Each unit is comprised of one common share and one warrant. Each warrant will be exercisable into one common share for a period of three years at an exercise price of $0.65 per share. In connection with the First Tranche, the Company paid a finder’s fee of C$2,100 to PI Financial Corp.
Certain directors, officers (the “Insiders“) and close associates of the Company participated in the First Tranche and purchased an aggregate of 898,000 units for aggregate gross proceeds of C$359,200. Participation by Insiders of the Company in the Offering is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the private placement by the Insiders did not exceed 25% of the fair market value of the Company’s market capitalization.
All securities issued under the First Tranche are subject to a hold period expiring October 7, 2019, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
The second tranche of the Offering for additional proceeds of up to C$349,800 is expected to close on or before June 28, 2019.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (1933 Act), or any state securities laws, and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About First Vanadium Corp.
First Vanadium has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County, 6 miles south from the town of Carlin, Nevada on Highway I-80. The Carlin Vanadium Project hosts the Carlin Vanadium deposit, which is flat to shallow dipping and at shallow depths with strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The Company announced its maiden resource February 27, 2019.
ON BEHALF OF FIRST VANADIUM CORP.
per: “Paul Cowley”
CEO & President
(778) 655-4311
pcowley@firstvanadium.com
ThSeeker
6 years ago
Glossary The Mineral Resources and Mineral Reserves
have been classified according to CIM (CIM, 2014). Accordingly, the Resources have been classified as Measured, Indicated or Inferred, the Reserves have been classified as Proven, and Probable based on the Measured and Indicated Resources as defined below.
28.1 Mineral Resources
A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling.
An Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
An Indicated Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.
A Measured Mineral Resource is that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics are estimated with confidence sufficient to allow the application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource. It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve.
28.2 Mineral Reserves
A Mineral Reserve is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of reporting, extraction could reasonably be justified.
The reference point at which Mineral Reserves are defined, usually the point where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed as to what is being reported. The public disclosure of a Mineral Reserve must be demonstrated by a Pre-Feasibility Study or Feasibility Study.
A Probable Mineral Reserve is the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve.
A Proven Mineral Reserve is the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.
ThSeeker
6 years ago
Excerpt from NI 43-101 Technical Report on the Carlin Vanadium Projec
Interpretation and Conclusions
25.1 Property Description and Ownership The Project consists of 182 unpatented mining claims totaling 3096 acres (excluding overlaps and portions of claims outside section limits) and approximately 80 acres of fee simple land through a Mineral Lease Agreement covering a total of 3,177 acres. The Project was explored and drilled byUnion Carbide Corporation (UCC) in the late 1960’s resulting in a defined vanadium historic resource. The claim group is located in north-central Nevada in Elko County, seven air miles south of Carlin. The vanadium deposit is centered about geographical coordinates 40°36’29”N, 116°07’17”W. Elko, with a population of about 20,000, is the largest town in the area.The core 72 claims (BK and Pot claims) are owned by Golden Predator U.S. Holding Corp., a corporation with an address in Idaho. Americas Gold Exploration Inc. (AGEI), a private Nevada corporation acquired a 5-year option June 15, 2017 to acquire 100% of the Carlin Vanadium Project from Golden Predator U.S. Holding Corp. which was assigned to First Vanadium through anAssignment Agreement dated September 22, 2017 and approved by the TSX Venture exchange November 9, 2017. Both Option and Assignment Agreements are in good standing at the time of the report with First Vanadium fulfilling its obligations (payments, work commitments and share issuances) in a timely fashion. First Vanadium can exercise the option and earn 100% interest in these claims by making remaining payments to Golden Predator of US$50,000 by June 2019 and US$1.91 million by June 15, 2022, subject to a 2% NSR in favor of Golden Predator, which could be bought out at the time of option exercise for US$4 million. First Vanadium has fulfilled all of its obligations to AGEI under the Assignment Agreement except requiring to produce a Preliminary Economic Assessment (PEA) on the project by November 9, 2021. First Vanadium recently added 80 acres of mineral rights through a Mineral Lease Agreement from third parties subject to a 5% NRS royalty. First Vanadium has recently added 110 unpatented lode claims adjacent and proximal to the originalproperty in the name of its wholly owned subsidiary Copper One USA, Inc.
https://firstvanadium.com/images/Presentation/2019/abr/Carlin_NI43-101_Tech_Report_20190409.pdf
ThSeeker
6 years ago
Less favorable commentary
When vanadium prices went vertical earlier this year, I warned that the spike was not sustainable. In October, I said:
I’m skeptical that a 30% increase in use in Chinese rebar justifies a 500% increase over recent vanadium price lows. I’d still think this way, even if China were not in an escalating trade conflict with one of its biggest trading partners. With an average price in the [long term] chart near $5/lb., I’d say that $10/lb. would be a reasonable level. But that’s less than half of today’s prices—closer to a third.
I was right. Perhaps someone was listening, because the hot vanadium stocks of a couple months ago began correcting—hard—before the metal itself did. But that has now started as well.
An important point to make here is that if vanadium prices rebound in the immediate future, nothing changes. Vanadium prices have a history of spiking and retreating. The 2008 price peak looks flat at the top at a certain scale, but in fact, vanadium prices fluctuated near the top for some months before heading down for almost 10 years. You can see this in a longer-term chart.
Don’t be fooled. I was right to suspect that the near-term catalyst (the new Chinese rebar standard) was already priced in in advance. If I’m also right about $10/lb. being a good level for vanadium prices to settle at, pure vanadium plays have a very painful few months ahead of them.
On the other hand, I’m bullish on vanadium over the longer term. The metal has an important and potentially very large role to play in the new energy paradigm.
You see, while not (yet) practical for smaller applications like phones, cordless tools, or even cars, vanadium flow batteries are great for storing power on an industrial scale. You can power a town with a vanadium battery installation. This makes solar and wind power more practical for such large-scale applications. They’re relatively cheap too, and last decades.
This could—and I think likely will—become a major new source of demand for many years to come. What I’m less sure of is how quickly that demand will build. It has started, but it’s a slow start, with only a handful of projects announced so far. This market is going to take time to develop.
This is why I haven’t bought any pure play vanadium stocks yet.
Fortunately, vanadium often occurs in nature alongside other metals. Happily, uranium is one of the metals vanadium occurs with—and uranium looks likely to go much higher in 2019. Buying into a uranium play with a vanadium credit means we can gain exposure to possible near-term upside in vanadium if prices rebound, without much risk of harm if vanadium prices plunge instead. We get free upside if vanadium keeps going higher, with no downside if it doesn’t. I like trades with such asymmetrical risk and reward.
As for pure vanadium plays, I’m not a buyer these days. For those interested, the two I interviewed while vanadium was on its way up have much more going for them than just a good story. Here’s the First Vanadium interview, and here’s the Prophecy Development Corp interview. Both are down sharply in recent weeks, and could become bargains again during the final trading days of this year.
However, there’s absolutely no point in trying to catch a falling safe here. Let it smash. Plenty of time to pick over the wreckage then. We should be able top buy valuable, deeply oversold companies at stupid cheap prices when vanadium stabilizes.
https://www.kitco.com/commentaries/2018-12-24/Vanadium-How-to-Profit-from-Falling-Prices.html
ThSeeker
6 years ago
Vanadium: The World’s Critical Element Fueling a Major Trade War
Print
Alert
NetworkNewsWire Editorial Coverage: The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC: UBMCF) (CSE: UBM) (FWB: 0UL) (Profile) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX: LGO) (OTC: LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX: PCY) (OTC: PRPCF), Vanadium One Energy Corp. (TSX.V: VONE),and First Vanadium Corp. (TSX.V: FVAN) (OTC: CCCCF), which are eager to serve this growing marketplace.
Critical to Security
The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump's executive order to break America's dependence on foreign minerals.
President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals' (OTC: UBMCF) (CSE: UBM) Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased significantly over the last three years.
The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.
Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.
Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a head start in development, thanks to its 3,000-acre land package in Wray Mesa.
In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
Growing Pressure on Battery Infrastructure
EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.
The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.
Vanadium: Enabling the Energy Storage Revolution
Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don't heat up when in use, and they can be charged and discharged at the same time. Today VRB’s are being developed to work in conjunction with renewable power sources and EV’s.
Unfortunately, there isn't currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.
VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.
According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.
A Head Start in the Race to Vanadium Production
United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.
Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.
With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.
United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.
Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately the price of these vital elements has been exploding.
Others in the Vanadium Space
Prophecy Development Corp. (TSX: PCY) (OTC: PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.
Vanadium One Energy Corp. (TSX.V: VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.
Largo Resources (TSX: LGO) (OTC: LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracás Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.
First Vanadium Corp. (TSX.V: FVAN) (OTC: CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.
For more information on UBM, visit United Battery Metals Corp. (CSE: UBM) (OTC: UBMCF) (FWB: 0UL)
Please also read and review and the following article: Why Every Investor Should Learn the Word ‘Vanadium’ Before It’s Too Late
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
ThSeeker
6 years ago
Vanadium outlook 2019: Higher prices, smaller supply
After spiking to its 13-year high in November, the price of V2O5 flake used in energy storage has come down from roughly US$33 per pound to US$23.90. Ferrovanadium used in steel manufacturing also experienced a price drop and now sits at US$98 per kilogram.
However, insiders see the price decrease as a momentary hiccup, and expect the positive trajectory experienced in 2018 to continue.
“The expectation is that vanadium prices will continue to rise and the development of new mineral properties previously uneconomically viable will grow,” said CellCube’s Neylan. “Companies with high vanadium production costs will have difficulty if prices moderate or decline.”
This positive outlook was reiterated by Moore of Energy Fuels.
“We believe vanadium markets will remain strong in 2019 and 2020,” said Moore. “Today’s market strength is caused by significant production cuts, primarily in China, for environmental, health and safety reasons, along with significant increased demand, primarily due to new rebar standards in China that can only be met through increased use of vanadium.”
While producers remain optimistic that the price growth will stay the course, Roskill gave a more subdued outlook.
In fact, according to Bedder, price growth could negatively impact the VRFB sector.
“Roskill’s baseline forecasts suggest that demand from this sector may plateau for some years until vanadium supply increases and prices retreat,” he said.
While there are a number of vanadium projects at various levels of development around the world, meeting increased demand could prove harder than many anticipate.
“The key question for the market is how will supply increase to meet demand,” added Bedder. “There is only so much more material that can come from co-production in China, especially during a period of environmental inspections and steel industry consolidations.”
“We expect prices to remain high for some time — so it’s the perfect time to finance and develop a project,” he said.
source: https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/vanadium-outlook/
ThSeeker
6 years ago
Time for this stock to wake up.
First Vanadium Corp. Set to Change the Resource Landscape
BY PR Newswire
— 9:32 AM ET 02/28/2019
BALTIMORE, Maryland, Feb. 28, 2019 /PRNewswire/ -- Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new Company Spotlight article on high profile junior mining company First Vanadium Corp. ( FVANF) .
To view this article, along with disclosures and disclaimers, or to download them in their entirety, please visit http://www.goldmanresearch.com.
In the Goldman Small Cap Research Company Spotlight article, analyst Rob Goldman features an analysis of recent events and potential future share price valuations. There are key factors in play with First Vanadium ( FVANF
Loading... Loading...
) which we believe will drive the valuation in these shares, going forward:
Largest and highest grade vanadium deposit in North America; best-performing metal in 2018
"First Vanadium ( FVANF
Loading... Loading...
) owns exclusive mineral rights to the noted Carlin Vanadium Project in North Central Nevada, which contains the largest and highest grade primary vanadium deposit in North America. Vanadium is an extremely valuable and highly sought-after, strategic mineral that is critical to a number of industries. It is found in the production of steel, along with industrial and utility-scale battery storage technology. This deposit could reduce U.S. potential reliance on vanadium sourcing from China and other producers."
New programs indicate in-ground metal deposit of $6.5B---up from $5B previously
"The Company's new programs indicate in-ground metal deposit of $6.5B---up from $5B previously. FVAN spent about $1 million in the drilling and added about US$1.5 billion of new in-the-ground metal value (at spot price of US$17.60/lb), displaying tremendous leverage. With 378 million pounds of V2O5 at spot US$17.60/lb the deposit now has an in-the-ground metal of over US$6.6B. FVAN has 31.83 million tons combined, on an indicated and inferred basis. "
Industry Drivers to Generate Major Interest in FVAN's Stock
"Industry Drivers are primed to generate major interest in FVAN's stock. The use of vanadium in green and clean energy battery storage products is on the rise and could eventually exceed the use of lithium-ion in large power storage applications, a standard-bearer in energy storage projects and the electric vehicle market. The Chinese government recently changed its regulations requiring improvement of steel quality which prompted the incorporation of vanadium in rebar and prompted an industry price rise which is expected to continue through 2019."
Landmark updated deposit news serves as a major catalyst to drive FVAN stock higher
"The landmark updated deposit news serves as a major catalyst to drive FVAN stock higher and prompts an economic study which could eventually lead to future milestones on the road to production. It is important to note that during the lifecycle of junior mining companies, there are a few events which serve as catalysts that drive the largest historical rises in value. Given the magnitude of the upward shift in value based on the recent news, we believe that this is one of those events. Therefore, FVAN's news and milestone-driven stock appears on the path to return to its 52-week high of US$1.60, and likely approach the $3 mark."
News
Market Data
Register for real-time alerts, custom portfolio, and market movers
Ask ADVFN Intelligence (AI)
Renee
3 years ago
nowwhat2
6 years ago
