VanadiumCorp Resources (VRB) and McKenzie Bay International (MKBY) Enter Agreement
December 30 2013 - 1:20PM
Marketwired
VanadiumCorp Resources (VRB) and McKenzie Bay International (MKBY)
Enter Agreement
BRIGHTON, MI--(Marketwired - Dec 30, 2013) - VanadiumCorp
Resource, Inc. previously PacificOre Mining Corp, and McKenzie Bay
International Ltd (PINKSHEETS: MKBY) signed a Memorandum of
Understanding for MKBY to sell its material documentation and
intellectual technology it has specific to the development of
VanadiumCorp's Lac Dore Iron-Titanium-Vanadium deposit near
Chibougamau, Quebec.
The companies, along with Clean Green Energy (CGE), began
discussions in Detroit, Michigan, in late October 2013. Bryan
Zaplitny represented CGE as well as MKBY during the
negotiations.
In discussion, the 100% owned non-public domain SNC Lavalin
Feasibility Study completed for the Lac Dore deposit in
2003. Focused specifically on the "Main Ore Zone", the Study
could save significant time and capital requirements for future
development. Future development would largely involve updating work
already completed to meet the criteria of the National Instrument
43-101. The Study concluded that the Lac Dore project could be the
lowest cost Vanadium producer in the world.
A core component to the feasibility was the Refining Process
Technology "McKenzie Bay Process" developed by MKBY and its
consultants. The Process represents the capacity for mineralization
to directly produce high purity Vanadium chemicals for the
manufacture of Vanadium Electrolyte (VE), which is concentrated for
reduced shipping costs. MKBY spent millions, over many years,
developing the Lac Dore Project and the McKenzie Bay refining
process.
These items could add significant value for VanadiumCorp's
development and production of the Lac Dore area. Demand for
Vanadium in steel products has grown exponentially and there have
been substantial breakthroughs in the Vanadium Redox Battery
technology.
About McKenzie Bay International Ltd:
McKenzie Bay is an energy technology holding company. MKBY
specializes in the acquisition of exclusive rights to renewable
energy technologies to establish multiple revenue streams for the
company. For more information: www.mckenziebay.com.
About VanadiumCorp Resources Inc:
VanadiumCorp is a resource company with a growth strategy
focused on development of its most advanced Vanadium project in
Quebec. The company's Vanadium Lac Dore Project is located in one
of the best mining jurisdictions in the world. For more
information: www.vanadiumcorp.com.
For further information contact, Investor Relations, Rich
Kaiser, YES INTERNATIONAL (757) 306-6090,
yes@yesinternational.com
Certain statements made in this release constitute
forward-looking statements and do not guarantee future performance.
Actual results or developments may differ materially from the
projections in the forward-looking statements.
Contact: Rich Kaiser 7573066090
CGE Energy (CE) (USOTC:CGEI)
Historical Stock Chart
From Jul 2024 to Aug 2024
CGE Energy (CE) (USOTC:CGEI)
Historical Stock Chart
From Aug 2023 to Aug 2024