During the last trading session, stock of Vanadium One Iron Corp [OTCPink: VDMRF] surged 3.18% to $0.2270. Vanadium One stock recorded volume of 2.00K against the 30-day Average Volume of 14.98K. During the last 52 weeks, the price of VDMRF stock ranged from $0.0512 to $0.3200. Vanadium One stock increased following its corporate update.
What VDMRF has updated?
Located in Toronto, Canada, Vanadium One explores the mineral world for vanadium. VDMRF focuses on the advancement of its 100% owned, vanadium-rich, magnetite iron ore project, Mont Sorcier, located in Chibougamau, Quebec. A large high quality magnetite iron resource is located on VDMRF’s Mont Sorcier Iron ore property, along with significant vanadium that can be extracted.
In an overview of its development program at Mont Sorcier, near Chibougamau, Quebec, Vanadium One released a company update this week.
- During the next nine months, VDMRF will initiate an applicable feasibility study.
- Robert E. Girardin has also been appointed as Project Manager for the Mont Sorcier development project by VDMRF.
- Girardin is a well-established, Quebec-based professional in the iron ore mining industry, with long experience in the operations of iron ore mines.
- The Mont Sorcier iron and vanadium project will be worked on by Mr. Girardin as the VDMRF approaches completion of the Bankable Feasibility Study.
What else is VDMRF up to?
Following the recently announced $6.9 million capital raises in May, Vanadium One (VDMRF) is also putting its drilling program at Mont Sorcier into full swing. A feasibility study to begin mid- or late-2022 will use the VDMRF’s inferred mineral resources as the basis for converting sufficient measured and indicated mineral resources into a 20-year mine life.