First Vanadium Corp. Set to Change the Resource Landscape
Date: Mar 1, 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. (TSX.V: FVAN) (OTCQX: FVANF) (Frankfurt: 1PY). 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 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 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. “
