VR8 - Vanadium Resources

[greggles]

Thread starter for those interested.

Tando Resources (TNO) listed in November 2017 and is exploring and developing the Quartz Bore Project, the Mt Sydney Project and the Mt Vernon Project in the Pilbara region of Western Australia.

In March 2018 TNO acquired 74% of the SPD Vanadium Project, a large, high grade vanadium deposit located in the established vanadium production hub of Gauteng, South Africa.

The company recently completed a reorganisation of their share capital so that every 100 pre-split securities will be divided into 462 post-split securities, the end result being that their former 29,189,551 shares are now 134,855,726 shares.

 

[System]

On July 30th, 2019, Tando Resources Limited (TNO) changed its name and ASX code to Vanadium Resources Limited (VR8).

 

[greggles]

VR8 looking strong following Tuesday's announcement regarding the class 4 PFS for the Steelpoortdrift Vanadium project located in Limpopo, South Africa.

The Project metrics look very robust. Capex is quite reasonable for a Project this size.

Market cap currently under $30 million. This looks good long term if everything comes together. Share price looks to be revving up for a move towards 10c. Watching this one closely.

 

[Stockbailx]

They say Vadadium is in high demand.

Vanadium is a hard, silver-grey metallic element. It is a ductile transition metal with a natural resistance to corrosion and stability against alkalis, acids and salt water. Vanadium is found in over 60 different minerals including vanadinite, carnotite, roscoelite and patronite. Vanadium can be used to make steel alloys, for use in space vehicles, nuclear reactors and aircraft carriers, etc. And much more. Interesting asset, Good prospects in todays time...​

What Is Vanadium? | How Is It Used? | Australian Vanadium Ltd

Overview summarising what is vanadium, how it's used & global demand. The world’s next high grade Vanadium resource is in Gabanintha, Western Australia.

www.australianvanadium.com.au

 

[Stockbailx]

I see I linked you to the web site of another Vanadium produces web site. Also good asset with lots of insite into the product Vanadium, I think this material makes for an excellent investment, providing supply and demand is well catered for (give it time)...

Home - VR8 - Vanadium Resources

At VR8, we are striving to become a world-class producer of vanadium, unlocking our vanadium’s potential from development into production and application; providing a reliable and secure supply of vanadium to meet global market demands.

www.vr8.global

 

[greggles]

VR8 secures $4.6 million placement from Raubex Pty Ltd (a subsidiary of JSE listed Raubex Group Ltd) at 10.4c per share. Given that VR8 closed at 7c on Friday, that is an incredibly good deal and is a serious vote of confidence in the company.

Good cash position and solid project. The outlook is pretty positive for VR8 IMO.

 

[frugal.rock]

The Company advises that:
1. the trading halt is requested pending an announcement regarding an update on Vanadium Resources’ application for approval from the South African Government to obtain a
controlling interest of 73.95% in the Steelpoortdrift Vanadium Project

Currently scheduled to trade again on Thursday.
Not held.

 

[qldfrog]

Just a short comment: i own some parcel via my systems and has been going very well lately:

 

[Dona Ferentes]

VR8 is back trading, and up a bit, after getting some money in at a premium

HIGHLIGHTS
◆ Matrix Resources (Zhejiang) Co., Ltd to make a strategic A$5.91 million investment in return for an interest of 9.99% in VR8 via a subscription for 53,763,800 shares at an issue price of $0.11 per subscription share, representing a ~40% premium to the 30-day VWAP.
◆ Exclusivity granted to Matrix to negotiate an offtake, aimed at the Asian markets, of 40% of Vanadium Products produced from the Phase 1 operations of the Steelpoortdrift Vanadium Project over a 10-year term.
◆ Matrix is a wholly owned subsidiary of Lygend Investment, which is also the largest shareholder of Hong Kong listed Lygend Resources & Technology Co., Ltd. (Stock Code: 02245). Lygend Resource is operating its business across the entire nickel industry value chain and is engaged in both the trading and the production of nickel products.
◆ The Company must use its best endeavours to enable Matrix to participate in future equity capital raises to maintain its ownership position.
◆ Funds raised from the strategic investment will be used towards progressing Front End Engineering Design completing additional technical work and critical pathways to construction and growing the operations team as the Company moves towards Final Investment Decision