BlazingStocks
2 years ago
$VCVVF About Us
Vatic is strategically positioned with an option to acquire and develop a 100% interest in a 243 km2 Rare Earth Elements (REE) and polymetallic project known as the Sisters Mountain critical metals project in New Brunswick, Canada, which is believed to potentially host REE, tin, tungsten, molybdenum, Platinum Group Metals (PGE), and base metals, and Vatic has an option to acquire a 100% interest in the Hansen gold project, located in an emerging gold exploration area with over 6.7 million ounces of gold produced, in Quebec, Canada.
https://vaticventures.com/corporate/about-us/
Trooperstocks
2 years ago
$VCVVF The Sisters Mountain Property represents an exceptional exploration opportunity based on New Brunswick Geological Survey exploration reconnaissance results. It has been concluded from the reports provided by the New Brunswick Geological Survey that the Sisters Mountain Property is believed to potentially host mineral deposit types: REE (Rare Earth Elements), tin, tungsten, molybdenum, Platinum Group Metals (PGE), and Base Metals.
Wayne Lockhart, prospector, geologist and originator of the Property has stated: "The Sisters Mountain area has now been proven by government surveys and research to be extremely anomalous for and to have great potential to contain economic deposits of multiple metals including Rare Earth Elements. The government of New Brunswick published maps (Yrs. 2005 and 2012) of this area showing extensive anomalies for tin and tungsten; precious metals; base metals; including maps of anomalous areas for a variety of Rare Earth Elements. An extensive mineral exploration programme is justified, and recommended, to commence immediately to explore this area that is both so highly anomalous, and unusually large for so many metals that are now in high demand throughout the world."
ProfitScout
2 years ago
Vatic Responds to New Brunswick Property Lawsuit
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2023) - Vatic Ventures Corp. (TSXV: VCV) (FSE: V8V) (OTCQB: VCVVF) (the "Company" or "Vatic") announced by news release dated February 14, 2023 that it had entered into an agreement with Commitment Capital Inc. ("CCI") to acquire CCI's interest in the Sisters Mountain rare earth/polymetallic mineral claims in Southwest New Brunswick (the "Property"). CCI acquired its rights to the mineral claims comprising the Property pursuant to an option agreement with Wayne Lockhart who had staked the claims comprising the Property (the "Underlying Option").
Vatic has been advised that it, along with Wayne Lockhart and CCI, has been named as a defendant in a lawsuit commenced by Mayne Minerals Inc. ("Mayne"), a private company, wherein Mayne alleges that certain mineral claims comprising part of the Property (the "Claims") were improperly staked for the benefit of Mr. Lockhart rather than for Mayne.
Vatic notes that the issue regarding ownership of the Claims was the subject of an application to the Mining Recorder of the Province of New Brunswick (the "Mining Recorder") brought by Mayne last August wherein Mayne requested the Mining Recorder to put the Claims into protected status. After an internal review the Mining Recorder ruled that the Claims were correctly registered, were in good standing and that Mayne did not hold any interest in the Claims according to the Mining Act of New Brunswick.
Subsequent to the Mining Recorder's ruling Mayne made an application to the Mining Commissioner of New Brunswick requesting it to adjudicate the dispute regarding the Claims. That application was dismissed pursuant to a consent order with costs awarded against Mayne in favour of Mr. Lockhart.
Vatic views the lawsuit filed by Mayne as being frivolous and takes the position that Mr. Lockhart has good title to the Claims, that the Company acquired the right to purchase the Claims in good faith and it will vigorously enforce its rights to proceed with the same.
ABOUT VATIC VENTURES CORP.
The Company has an option to earn a 100% interest in the Hansen gold property in the Chapais area of Northern Quebec, strategically situated in a very active and emerging gold exploration area with over 6.7 million ounces of gold produced in the greater Chibougamau district. The Company has an option to acquire a 100% interest in a Rare Earth Elements (REE) and polymetallic claims package known as the Sisters Mountain critical metals project located in Southwestern New Brunswick.
ON BEHALF OF THE BOARD OF DIRECTORS OF VATIC VENTURES CORP.
"Loren Currie"
Loren Currie
CEO & Director
info@vaticventures.com
604-757-9792
BlazingStocks
2 years ago
$VCVVF - REEs are key components in many electronic devices, as well as having a variety of industrial applications. Although not a current commercial producer of REEโs, Canada is host to a number of advanced exploration projects. Manufacturing permanent magnets is the largest global use for REEs accounting for 29% of total forecasted demand. China is the worldโs largest producer with an estimated 140,000 tonnes of REEs in 2020, accounting for almost 60% of global production. Many countries, including Canada, have rare earths resources but producing REEs requires complex separation and refining processes.
ProfitScout
2 years ago
The VCVVF Share Structure is very good. This stock should be able to move fairly easily as the company announced progress on its mineral exploration and development plans.
Outstanding Shares 29,711,510 02/23/2023
Restricted 9,600,002 02/23/2023
Unrestricted 20,111,508 02/23/2023
https://www.otcmarkets.com/stock/VCVVF/security
ProfitScout
2 years ago
The company's Sisters Mountain project clearly has high value when it can be fully developed.
From the VCVVF News:
The Sisters Mountain Property represents an exceptional exploration opportunity based on New Brunswick Geological Survey exploration reconnaissance results. It has been concluded from the reports provided by the New Brunswick Geological Survey that the Sisters Mountain Property is believed to potentially host mineral deposit types: REE (Rare Earth Elements), tin, tungsten, molybdenum, Platinum Group Metals (PGE), and Base Metals.
Wayne Lockhart, prospector, geologist and originator of the Property has stated: "The Sisters Mountain area has now been proven by government surveys and research to be extremely anomalous for and to have great potential to contain economic deposits of multiple metals including Rare Earth Elements. The government of New Brunswick published maps (Yrs. 2005 and 2012) of this area showing extensive anomalies for tin and tungsten; precious metals; base metals; including maps of anomalous areas for a variety of Rare Earth Elements. An extensive mineral exploration programme is justified, and recommended, to commence immediately to explore this area that is both so highly anomalous, and unusually large for so many metals that are now in high demand throughout the world."
ProfitScout
2 years ago
VCVVF looks like it has good potential in the important field of strategic mineral exploration and mining.
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Vatic Ventures Corp. is a junior mineral exploration and development company. Vatic has an option to acquire a 100% interest in a Rare Earth Elements (REE) and polymetallic claims package known as the Sisterโs Mountain prospect, located in Southwestern New Brunswick, which totals 8 claim blocks comprising 975 claim units covering 243 km2. Vatic has an option to acquire a 100% interest in a gold exploration property known as the Hansen prospect located in the Chibougamau area of northern Quebec, which consists of 20 contiguous mining claims representing a total area of 1,113.98 hectares is approximately 15 kilometers southeast of the Chapais-Opemiska Mine Complex (Springer, Perry and Cooke Copper-Gold mines). Vatic is actively reviewing and evaluating exploration and development opportunities in the mineral resources industry.
BlazingStocks
2 years ago
$VCVVF About Us
Vatic is strategically positioned with an option to acquire and develop a 100% interest in a 243 km2 Rare Earth Elements (REE) and polymetallic project known as the Sisters Mountain critical metals project in New Brunswick, Canada, which is believed to potentially host REE, tin, tungsten, molybdenum, Platinum Group Metals (PGE), and base metals, and Vatic has an option to acquire a 100% interest in the Hansen gold project, located in an emerging gold exploration area with over 6.7 million ounces of gold produced, in Quebec, Canada.
https://vaticventures.com/corporate/about-us/