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Transition Metals Acquires Prospective Vanadium Project in Ontario and Updates Financing Plans
Highlights: >2,000 Ha staked to secure the entire Empire Lake Intrusion, which is rich in vanadium. Mineralized zones are known to extend over 1,800 metres
About this update from Transition Metals Corp.
Highlights: >2,000 Ha staked to secure the entire Empire Lake Intrusion, which is rich in vanadium. Mineralized zones are known to extend over 1,800 metres and are up to 170 metres thick. Mineralization grades up to 0.63 wt.% V₂O₅. Sudbury, Ontario--(Newsfile Corp. - April 27, 2026) - Transition Metals Corp. (TSXV: XTM) ("Transition" or the "Company") is pleased to announce it has staked a 100% interest in the Empire Lake Project, a prospective vanadium property located in northwestern Ontario approximately 250 kilometres northwest of Thunder Bay. The staking covers a large regional magnetic anomaly associated with an underexplored mafic intrusion known to contain widespread vanadium-rich magnetite mineralization with significant exploration upside. Commenting on the acquisition, President and CEO Scott McLean stated: "The Empire Lake Project provides Transition with exposure to the growing vanadium sector at a time when global supply dynamics and new technologies are driving demand. With increasing interest in vanadium redox flow batteries and evolving steel standards, we believe this project represents a compelling opportunity. Consistent with our business model, we will actively seek a partner to advance exploration and unlock value." Vanadium is both an industrial metal used in the mature steel industry and a critical commodity tied to emerging battery technologies, with an important role in grid and energy security. While steel accounts for 94% of US vanadium demand today, increased battery production is anticipated to put pressure on supply with vanadium redox flow batteries to account for 17% of demand by 2033, necessitating 7% annual growth by 2030 1. In addition, over 90% of global supply is concentrated in China and Russia creating significant supply-chain risks for consumers as the former has imposed restrictions on critical mineral exports and the latter is exposed to sanctions 2. As recent geopolitical events have demonstrated, securing stable, diversified supplies of critical commodities has become a strategic imperative. Sources:1 Milewski, A., (2025), Vanadium: double-edged demand, The Oregon Group, June 9, 2025. Available online at: https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/vanadium-producing-countries/2 Williams, G., (2025), Top 4 Vanadium-producing Countries, Investing News Network...
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