NWN - VANADIUMCORP Retains Market-Making Services
(TheNewswire)
Vancouver, British Columbia – TheNewswire - September 9, 2022 – VanadiumCorp Resources Inc. (TSXV:VRB)(OTC:APAFF) (FSE:NWN) (the “Company”) ispleased to announce it has, subject to regulatory approval, retained Venture Liquidity ProvidersInc. (“VLP”) to initiate its market-making service to provideassistance in maintaining an orderly trading market for the commonshares of the company .
The market-making service will be undertaken by VLPthrough a registered broker, W.D. Latimer Co. Ltd., in compliance withthe applicable policies of the TSX Venture Exchange and otherapplicable laws. For its services, the corporation has agreed to payVLP $5,000 per month for a period of 12 months. The agreement may beterminated at any time by the corporation or VLP. The corporation andVLP act at arm's length, and VLP has no present interest, directly orindirectly, in the corporation or its securities. The finances and theshares required for the market-making service are provided by W.D.Latimer. The fee paid by the company to VLP is for servicesonly . VLP is a specializedconsulting firm based in Toronto providing a variety of servicesfocused on TSX-V-listed issuers.
About VanadiumCorp
VanadiumCorp Resource Inc. is a mineral explorationcompany located in Vancouver, Canada, with 100% ownership of twostrategic vanadium, titanium, and iron properties in Quebec. The IronT is near Matagami, and the Company’s flagship Lac Dore property isnear Chibougamau. A current technical report (Longridge, 2020) on theLac Dore deposit describes Measured and Indicated Mineral Resources of215 million tonnes containing 53 million tonnes of recoverabletitanomagnetite. The titanomagnetite concentrate is estimated to have1.49 billion pounds of V2O5 (not factored for recoveries fromtitanomagnetite).
VanadiumCorp also owns100% of the newly patented hydrometallurgical process, VEPT (the“VanadiumCorp, Electrochem, Process Technology”), invented by Dr.Francois Cardarelli, that consists of digesting vanadiferousfeedstocks into concentrated sulfuric acid. Thetechnology addresses the recovery of vanadium, titanium, ferroussulphate, and silica products from mineral concentrate feedstocks,such as titanomagnetite. The VEPT process is also valid for recoveringvanadium from industrial residues, such as fly-ash from powerplantsand slags from oxygen blast furnaces (BOF-slags). Dr. Cardarelli’ssulphuric acid process is novel because it adapts a proven and widelyused sulphuric acid process to the extraction of valuable metals fromtitanomagnetite and industrial residues.
Mr. Paul McGuigan, P. Geo., is a “Qualified Person”(as defined in NI 43-101 -Standards for Disclosure for MineralProjects) and a director of the Company, has reviewed and approved thetechnical disclosures in this news release.
ON BEHALF OF THE BOARD OFVANADIUMCORP RESOURCE INC.
Paul McGuigan ,P. Geo
Director, Chief Executive Officer
Website: www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.
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