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Currie Rose to Resume Trading Following Announcement of Vanadium Project Acquisitions from Chalice and Liontown
Toronto, Ontario--(Newsfile Corp. - November 22, 2021) - Currie Rose Resources Inc. (TSXV: CUI...
About this update from Velox Energy Materials Inc
[{"type":"text","content":"Currie Rose to Resume Trading Following Announcement of Vanadium Project Acquisitions from Chalice and LiontownToronto, Ontario--(Newsfile Corp. - November 22, 2021) - Currie Rose Resources Inc. (TSXV: CUI) (\"Currie\" or the \"Company\") is pleased to advise that the Company has filed the requisite documents with the Exchange and expects to resume trading effective Wednesday November 24, 2021.Currie has been in a trading halt since 27th October 2021 when it advised the market that the Company would acquire 100% of two Vanadium (Battery Metal) Projects (the \"Project\") located in Central North Queensland, Australia (Figure 1). Figure 1 - North Queensland Vanadium Project LocationTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/2005/104639_7fda2d0144f54b45_002full.jpgProject DetailsThe North Queensland Vanadium Project (\"NQVP\") is the merger of the Toolebuc and Flinders River Vanadium Projects and is situated approximately 400km west of the port of Townsville (Figure1). NQVP covers an area of approximately 124,000Ha and is close to rail, road, and power infrastructure.Third party developments in the area have identified the region as a potential Vanadium Hub.Table 1 - Historic Cambridge Inferred Resource Estimate1Resource CategoryMillion tonnesV2O5 %MoO3ppmInferred83.70.30188Total83.70.30188 Notes - See Footnote 1Reported above a V2O5 cut-off grade of 0.25%Tonnages and grade have been rounded to reflect the relative uncertainty of the estimatePreliminary independent metallurgical studies by Liontown, have confirmed that the historic Cambridge Resource is shallow, oxidised, soft, friable and free digging. The ore is considered suitable for pre-concentration with potential pathways to economic processing. Wide spaced geological and geophysical data is also at hand and priority targets for first pass exploration have also been identified. See Company's news release dated 27 October 2021 for further project and transaction details.Why VanadiumVanadium has been identified by the Canadian, United States and Australian Governments as a critical mineral for both alloy steel production and large low carbon power applications - Vanadium Redox Flow Batteries (VRB) for large scale modular energy storage.Demand for Vanadium is expected to increase over the next few years especially in the...