“Vanadium at the time was priced very low, and the demand was also low, so that’s why they dismissed the vanadium value.” The project is 80 kilometres (about 50 miles) from the Carlin trend, which holds what is considered to be the largest, highest grade vanadium deposit in North America.Īnalysis for other metals, including vanadium was run on Iron Point, Kettell said. Iron Point is located on Nevada’s Battle Mountain trend, and was originally explored for gold back in 19, by Newmont and Ore Resources, respectively. Vanadium, used in the steel industry as a strengthening agent, and listed as a strategic metal, is in the midst of a bull market, due to Chinese steel demand and the advent of Vanadium Redox Batteries (VRB), used for grid storage capabilities.īased on exploration results, Victory Metals’ CEO Collin Kettell told, “We’ve essentially established what looks to be the largest vanadium footprint in the United States.” Vancouver-based Victory Metals (TSX-V:VMX) has big ambitions for its flagship Nevada vanadium project, Iron Point, based on a recent expansion to 5,382 hectares, drill results, and a $3.6 million private placement. Victory Metals’ Big Vanadium Find Victory Metals Iron Point project.
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