Business
American Vanadium Secures Water Rights
American Vanadium Secures Water Rights Vancouver, British Columbia CANADA, August 10, 2011 /FS...
About this update from Monitor Ventures Inc
[{"type":"text","content":"\nAmerican Vanadium Secures Water Rights\n\nAmerican Vanadium Secures Water Rights \nVancouver, British Columbia CANADA, August 10, 2011 /FSC/ - American Vanadium Corp. (AVC - TSX Venture)(or the \"Company\") announces that it has secured water rights for the Company's construction and production of the Gibellini Vanadium Project, located in Nevada.\n\"Obtaining these water rights was a critical step towards gaining environmental permitting and completing our feasibility study which is due in this third quarter of 2011,\" stated Bill Radvak, President CEO of American Vanadium.\nThe water rights now under lease represent over 100% of the American Vanadium's expected water requirement over the life of the mine.  As part of the lease, the leaser will receive 50,000 shares of the Company's common stock, subject to the approval of the TSX Venture Exchange. \nAbout American Vanadium Corp.\nAmerican Vanadium is currently developing the Gibellini Vanadium Project, a vanadium resource located in Nevada, USA.  Vanadium is a critical alloying metal used to strengthen steel and titanium; and is also growing in importance in the emerging uses of mass energy storage and next generation lithium-vanadium batteries.  The Company's Gibellini Vanadium Project is unique in its ability to have economic production of vanadium for the steel and alloying industries as well as vanadium electrolyte for the mass storage industry.\nA Scoping Study and NI 43-101 have been completed by AMEC EC Services and are available at www.sedar.com or the Company's website www.americanvanadium.com.\nON BEHALF OF THE BOARD  \nBill Radvak, President and CEO\nFor further information, please contact: \nMike Hyslop, Director, Corporate Development\nPhone: 604 488-8795\nEmail: [email protected] \nNEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\nForward-Looking Statements: This press release contains \"forward-looking information\" within the meaning of applicable Canadian securities laws, including statements regarding the expected use of proceeds from the Private Placement, and future plans and objectives for the Gibellini Project. Such forward-looking statements involve kno...