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Rocky Mountain to Change its Name to American Vanadium Corp.
Rocky Mountain to Change its Name to American Vanadium Corp.
About this update from Monitor Ventures Inc
[{"type":"text","content":"\nRocky Mountain to Change its Name to American Vanadium Corp.\n\n\n Nov. 30, 2010 (Filing Services Canada) -- Rocky Mountain Resources Corp. (RKY - TSX Venture), (\"Rocky Mountain\" or the \"Company\") (RKY:TSX-V) announced that it is holding a Special General Meeting of its shareholders on December 23, 2010 to change the name of the Company to American Vanadium Corp., or to such other name as the Board deems appropriate and as may be approved by applicable regulatory authorities. There will be no change to the capital structure of the Company.\"The name change is being proposed to reflect the significant progress we have made towards becoming the only primary Vanadium producer in North America by the end of 2012,\" stated Bill Radvak, President & CEO of Rocky Mountain.  \"Results from recent drilling and ongoing metallurgical programs on our 100% owned Gibellini Vanadium Project, located in Nevada, support the 2008 Scoping Study completed by AMEC which showed a 40% after-tax IRR.\"\"With the Feasibility Study anticipated to be completed in the second quarter of 2011, we are receiving a strong reception from our initial efforts to secure project finance and off-take agreements for our production,\" Mr. Radvak added.  \"While the Gibellini Project is currently being designed to have two products: vanadium pentoxide flake for the steel industry and vanadium electrolyte for the mass storage battery industry, we are now considering a third product - a refined vanadium for lithium vanadium phosphate batteries for the rechargeable battery industry.\" The name change will mark the initiation of a new corporate branding and investor relations program to introduce the Company to the world Vanadium market. These efforts will aid Rocky Mountain's efforts to secure both the mine financing estimated at $89 million dollars (AMEC Scoping Study 2008) and off-take agreements with battery producers, steel companies and/or metal traders.About Rocky Mountain Resources Corp.Rocky Mountain Resources Corp. is a tier-one metals exploration and development company focused on developing environmentally favorable projects within politically stable regions with the potential to host large deposits of industrial metals or minerals. Rocky Mountain is currently developing a world-class vanadium resource in the State of Nevada, U.S.A., and...