Canada\u2019s First Vanadium (TSX-V: FVAN) is extending its Nevada-based Carlin project, considered the largest, highest grade primary vanadium deposit in North America, by acquiring the southern extension\u00a0of the asset.<\/p>\n
The strategic\u00a0move, announced Thursday<\/a>, gives the company mineral rights to an additional 200-metre strike length of Carlin.<\/p>\n Six vertical holes drilled by Union Carbide in the 1960’s on this adjacent ground, known as Cole Creek, showed a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67m to 28.96m (average 18.54m; 60.8ft) and grades ranging from 0.37% to 0.82% V2O5\u00a0(average 0.57% V2O5), the company said.<\/p>\n The news come at a time of high prices for silvery-grey metal, used to harden steel and in the making of so-called flow batteries, which are long-lasting, durable and can hold large amounts of energy.<\/p>\n More than 90% of the world’s vanadium is currently used in steel manufacturing applications, but the metal\u2019s importance to the energy sector is also growing rapidly, with more than 5% of global output used in energy storage.<\/p>\n Vanadium prices more than doubled in 2018<\/a>, reaching historic peaks. Fastmarkets\u2019 price assessment of ferro-vanadium, basis 78% min, free delivered duty-paid to consumer works in Europe stood at $126-128 per kg on November 23, 2018, the highest it has ever been. Year to date, the metal has averaged $76 per kg.<\/p>\n The post First Vanadium grows Nevada project with land buy<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The strategic move gives the Canadian company mineral rights to an additional 200-metre strike length of Carlin, considered the largest, highest grade primary vanadium deposit in North America.<\/p>\n The post First Vanadium grows Nevada project with land buy<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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move gives the company mineral rights to an additional 200-metre strike length of Carlin \u2014 the largest, highest grade primary vanadium deposit in North America.<\/q><\/p>\n