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New York NY – October 30, 2018 – The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC:UBMCF) (CSE:UBM) (FWB:0UL) (Profile) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX:LGO) (OTC:LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF), Vanadium One Energy Corp. (TSX.V:VONE), and First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF), which are eager to serve this growing marketplace.
To view an infographic of this editorial, click here.
Critical to Security
The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump’s executive order to break America’s dependence on foreign minerals
President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals’ (OTC:UBMCF) (CSE:UBM) Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased significantly over the last three years.
The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.
Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.
Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a head start in development, thanks to its 3,000-acre land package in Wray Mesa.
In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
Growing Pressure on Battery Infrastructure
EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.
The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.
Vanadium: Enabling the Energy Storage Revolution
Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don’t heat up when in use, and they can be charged and discharged at the same time. Today VRB’s are being developed to work in conjunction with renewable power sources and EV’s.
Unfortunately, there isn’t currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.
VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.
According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.
A Head Start in the Race to Vanadium Production
United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.
Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.
With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.
United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.
Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately the price of these vital elements has been exploding.
Others in the Vanadium Space
Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.
Vanadium One Energy Corp. (TSX.V:VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.
Largo Resources (TSX:LGO) (OTC:LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracás Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.
First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.
For more information on UBM, please visit United Battery Metals (OTC:UBMCF) (CSE:UBM).
Please also read and review and the following article: Why Every Investor Should Learn the Word ‘Vanadium’ Before It’s Too Late.
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Palm Beach, FL – October 23, 2018 – Vanadium is the latest super metal that could serve as the cornerstone of a disruptive new trend: electrical energy storage. Resource companies such as United Battery Metals (OTC:UBMCF) (CSE:UBM) have begun to target this trend, opting to develop a vanadium project in Wray Mesa, Colorado. The company also has a footprint in uranium mining, a space that includes miners such as Ivanhoe Mines (TSX:IVN) (OTC:IVPAF) and Largo Resources (TSX:LGO) (OTC:LGORF). Other players in the vanadium space include Clean TeQ (TSX:CLQ) (OTC:CTEQF) and mining giant Glencore PLC (OTC:GLNCY).
For miners such as United Battery Metals (OTCPK:UBMCF) (CSE:UBM), the vanadium opportunity could be one to watch out for. Vanadium has several practical applications, including uses in solar, wind, grid power storage, and the production of steel rebar. Vanadium is crucial to the U.S. for its domestic steel production which has been jumpstarted since the Trump administration was elected. With U.S. Steel and other major steel companies opening new projects and canceling previous closures, the nation’s producers could require a serious amount of vanadium to strengthen their steel products.
Vanadium is one of the 35 elements the U.S. government has deemed critical to the world’s largest economy and national security, which could expedite UBM’s Wray Mesa project located in Colorado to go into possible production. As the trade war with China intensifies, it could become crucial for America to secure a domestic supply of vanadium and focus on putting mines into production, a move the U.S. administration is expected to support. Vanadium’s many use cases have helped drive the price of V2O5 vanadium pentoxide flake 98%, a common form of vanadium, up 400% over the last three years.
With transportation battery demand expected to jump 40-fold by 2040, vanadium could be poised for significant inroads in the EV market. All those new EVs on the road could require charging stations to “fuel up”, and vanadium redox batteries offer a perfect solution as VRB’s can simultaneously charge 50 cars at a time.
As battery demand increases the demand for vanadium could follow a similar trend, posing a potential supply crunch as more nations adopt alternative energy policies that move away from fossil fuels. That move could potentially bode well for vanadium miners such as United Battery Metals (OTCPK:UBMCF) (CSE:UBM) who is sitting on a large vanadium-rich land package.
VRBs can be also used in power stations to charge electric vehicles. Just as gas stations have become an integral part of U.S. automotive history, so too could VRB charging stations become an essential component to electric vehicle infrastructure.
Although vanadium is essential to everyday economic and national security functions in the U.S., the country is not a major producer of the mineral. In fact, United Battery Metals (OTCPK:UBMCF) (CSE:UBM) is on track to potentially become North America’s lone active vanadium producer.
The Vanadium Revolution Is Here
Vanadium appears that it could become an important part of the global energy storage revolution, which could compel other miners including Clean TeQ (TSX:CLQ) (OTCQX:CTEQF) and Glencore PLC (OTCPK:GLNCY) to carve out their own vanadium footprints. Market forces are already at work with vanadium, stoking rapid price appreciation of the element on the spot market. Energy storage is a booming industry, with one estimate indicating energy storage in the U.S. alone is poised to surge to 720 megawatts by 2020, up from 120 megawatts in 2014.
California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low usage periods and spill it back into the grid during peak demand periods makes VRBs a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
The vanadium redox battery (VRB) is the optimal choice for electrical storage systems, smart grids, and remote power stations. For applications including power quality control, emergency power, backup power, and stabilization of renewable energy, VRBs offer a potentially superior alternative to the lithium-ion batteries that grew to prominence in the first wave of electrical storage and EV adoption.
“Vanadium could become a vital ingredient in large clean-energy batteries, in which case it will shine a lot brighter,” according to The Economist. “Its price has already been rising faster than cobalt, copper, and nickel, all of which are used in lithium-ion batteries.”
Miners that are focusing on vanadium, including United Battery Metals (OTC:UBMCF) (CSE:UBM), could be ideally positioned to exploit rapid growth in this market. The global vanadium market is expected to notch a compound annual growth rate (CAGR) of 3.2% from 2017 through 2027, according to Mining Weekly.
Stored electrical systems could become a major driver of vanadium demand. These systems offer advantages over traditional power sources, including environmental benefits, lower costs, and superior reliability. According to analysis by Report Buyer, the global advanced energy storage market is predicted “to grow with a CAGR of 5.9% over the forecast period of 2018-2024.” The potential growth of the energy storage market could be a massive opportunity for a vanadium miner such as United Battery Metals (OTC:UBMCF) (CSE:UBM) that is capable of meeting demand.
United Battery Metals (OTC:UBMCF) (CSE:UBM) is the first mover in the North American vanadium industry with a head start in the race to meet increasing VRB demand. Over the past six years, over 70 VRB-related projects in 11 countries have popped up.
Drilling Down On The Vanadium Opportunity
Mining is a global business. For example, major companies such as Ivanhoe Mines (TSX:IVN) (OTCQX:IVPAF) and Largo Resources (TSX:LGO) (OTCQX:LGORF) often depend on countries far from their home domiciles as primary production points. Currently, the bulk of the world’s vanadium production is occurring outside of North America. North America represented just 3% of global vanadium output in 2017, meaning there is a massive opportunity for the next American vanadium company capable of graduating to production.
United Battery Metals (OTC:UBMCF) (CSE:UBM) is leading the charge to tap North American vanadium reserves, which is a welcome development considering the U.S. government has declared vanadium to be essential to national security. Today the world’s top two vanadium producers are China and Russia (almost two-thirds of global output in 2017), neither of which are going to prioritize U.S. interests.
With the U.S. currently importing 100% of its consumed vanadium, domestic projects targeting this essential mineral are taking on added importance. That includes United Battery Metals’ (OTC:UBMCF) (CSE:UBM) Wray Mesa project in Montrose County, Colorado.
Approximately 240 miles southwest of Denver, Wray Mesa is home to 108 contiguous land claims spanning 3000 acres. Wray Mesa’s location is enviable as it is accessible from multiple interstate highways via Colorado or Utah and includes municipal water access from only 6 miles away. The property was previously mined for uranium, most recently in the late 1970s and early 1980s, meaning there is still potential for United Battery Metals (OTC:UBMCF) (CSE:UBM) to make further vanadium discoveries on the property.
The Future Of Energy Storage
Vanadium is rapidly becoming a credible competitor to lithium-ion in the booming stationary storage market. By 2028, a quarter of the world’s stationary storage devices could be powered by VRBs. Last year 17% of all power generated in the U.S. was via renewable sources, a number that is expected to grow in the years ahead as states such as California and Hawaii aim to generate 100% of their power from renewables.
With vanadium becoming an essential part of North America’s economic and renewable energy futures, companies with quality assets could stand to benefit. In the United States, United Battery Metals’ (OTC:UBMCF) (CSE:UBM) Wray Mesa project could be optimally positioned as vanadium buyers look to minimize transportation costs and the risks associated with doing business with Chinese and Russian miners.
The appetite for renewable energy in the U.S., whether for storage systems or vehicles, is robust and getting stronger. With vanadium prices currently at a 13-year high, the market appears to be waking up to the next battery revolution. These market conditions could potentially set the stage for a miner such as United Battery Metals (OTC:UBMCF) (CSE:UBM) to capitalize on the vanadium trend, providing America with the vanadium it needs for years to come.
To learn more about United Battery Metals (OTC:UBMCF) (CSE:UBM), please follow this link to a full report about the company here
DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated forty four hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of United Battery Metals.
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VANCOUVER, BC October 22, 2018 – United Battery Metals Corp. (CSE: UBM, OTC: UBMCF, FWB: 0UL) (“UnitedBattery Metals” or the “Company”) announces board changes: George Sharpehas resigned as a director of the Company and the board has appointed Michael Dehnto serve as a director filling the vacancy created by Mr. Sharpe’s resignation.
Mr. Dehn has over 25 years of experience inthe mining industry. Mr. Dehn has spent the majority of his career working withGoldcorp Inc. Between 1994 and 2005, he worked as an Exploration Geologist and lateras a Senior Geologist with Goldcorp Inc. His expertise lies in grassroots to advancedminerals exploration, marketing, mineral processing and financing of junior miningcompanies.
In previous roles with other mining and explorationcompanies, Mr. Dehn has been instrumental in their positioning for both strategicand operational successes. He has proven himself a trusted industry advisor – introducingunique investor groups often outside the mining arena to new opportunities in themining and exploration space. He has been a director of publicly traded and privatejunior mining companies, with listings on the North American and European stockexchanges.
Mr. Dehn holds a B.Sc. degree in Earth Sciencesfrom the University of Waterloo. Mr. Dehn is currently running as a mayoral candidatefor the city of Erin, Ontario. His platform is based on the values he has learnedas a leader in the capital markets – in particular, accountability, compliance,ethics, and communication.
“Michael is a perfect addition to ourboard,” commented Matthew Rhoades, Chief Executive Officer of United Battery Metals.”His leadership positions and experience with top tier mining companies suchas Goldcorp Inc. together with his strong and varied non-executive background willfurther enhance the expertise of the Company’s board.”
The Company would like to thank Mr. Sharpe for his contributionto the Company and is pleased to announce that Mr. Sharpe had agreed to remain asan advisor to the board given his extensive experience with the listed mining companies.
The Company’s common shares trade on the OTC Markets GroupInc.’s over-the-counter market in the United States and are DTC eligible with theDepository Trust Company (DTC), under the symbol UBMCF.
ON BEHALF OF THE BOARD OF
UNITED BATTERY METALS CORP.
/s/ Matthew Rhoades
Matthew Rhoades
Chief Executive Officer and Director
For further information, please telephone: (604) 428-9063
Neither the Canadian Securities Exchange nor its RegulationServices Provider accepts responsibility for the adequacy or accuracy of this newsrelease and has neither approved nor disapproved the contents of this news release.
CautionaryStatement Regarding Forward-Looking Information
This news release contains “forward-lookinginformation” within the meaning of applicable securities laws, including statementsrelating to the Company’s strategic direction, the outlook of the business of theCompany, the Company’s intention to explore and develop the Wray Mesa Property,the results of any such exploration and development, and the Company’s intentionto acquire additional properties. Although the Company believes in light of theexperience of its officers and directors, current conditions and expected futuredevelopments and other factors that have been considered appropriate that the expectationsreflected in this forward-looking information are reasonable, undue reliance shouldnot be placed on them because the Company can give no assurance that they will proveto be correct. Actual results and developments may differ materially from thosecontemplated by these statements. The statements in this news release are made asof the date of this release. Except as required under applicable securities legislation,the Company undertakes no obligation to update or revise forward-looking informationthat is incorporated by reference herein, except as required by applicable securitieslaws.
SOURCE:United Battery Metals Corp.
VANCOUVER, BC – October 17, 2018 – United Battery Metals Corp. (CSE: UBM, OTC PINK: UBMCF, FWB: 0UL) (“United Battery Metals” or the “Company“) is pleased to announce that it has appointed Eric Saderholm to advise the board of the Company.
Mr. Saderholm is a professional Geologist and who served as Newmont Mining Corporation’s former Regional Exploration Manager for the Western United States. Mr. Saderholm has worked on many large mines and projects including Bingham Canyon, Carlin, Midas, Gold Quarry, Twin Creeks, Lonetree, Mule Canyon, Black Pine, Genesis and Yanacocha.
He has almost three decades of experience in the minerals industry with leadership roles in exploration, project development, property management and mining. Mr. Saderholm has been an integral member of geological teams that added millions of ounces of gold to reserve bases in Nevada, Washington and Peru. Mr. Saderholm was Vice President, Project Development at US Gold from August 2006 until early 2008. Prior to that position, he was at Newmont Mining Corporation for 12 years where he held numerous positions within the company, culminating with his final position as Carlin Trend Exploration Manager, Regional Geologist. At Newmont, he also held the positions of Chief Geologist at the Phoenix Mine, Lone Tree Complex and Mule Canyon Mine. Mr. Saderholm served as the President of Western Pacific Resources Corp. from its inception in June 2009 to July 2015.
“We are thrilled to have someone with such a rich and diverse background join our advisory board,” said Matthew Rhoades, Chief Executive Officer of United Battery Metals. “Mr. Saderholm brings years of experience that has spanned junior exploration companies to large scale producers. Having recently raised over $2.1M and improving the roster of our board and advisory members, we are well positioned to further explore the Wray Mesa project. United Battery Metals looks forward to having Mr. Saderholm on the advisory board.”
ON BEHALF OF THE BOARD OF
UNITED BATTERY METALS CORP.
/s/ Matthew Rhoades
Matthew Rhoades
Chief Executive Officer and Director
For further information, please telephone: (604) 428-9063
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws, including statements relating to the Company’s strategic direction, the outlook of the business of the Company and further exploration of the Wray Mesa vanadium project. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. Except as required under applicable securities legislation, the Company undertakes no obligation to update or revise forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
SOURCE: United Battery Metals Corp.
VANCOUVER, BC – October 15, 2018– United Battery Metals Corp. (CSE: UBM, OTC PINK: UBMCF, FWB: 0UL) (“United Battery Metals” or the “Company”) is pleased to announce that it has more than tripled its original land position in the Wray Mesa region from approximately 900 acres to over 3,000 acres. The Wray Mesa project, located on the Colorado Plateau is situated in westernmost Colorado and eastern Utah and is located within the vanadium-rich Uravan Mineral Belt in the Colorado Plateau. Wray Mesa is also situated within the prolific La Sal Creek Mining District, a district well-known for its anomalously-high vanadium to uranium ratios.
The Company’s initial Wray Mesa land position included 45 claims totaling 900 acres in Montrose County, Colorado. Newly-acquired claims, through staking, include more than 90 claims in Utah and an additional 17 claims in Colorado. This brings the total land package to more than 3,000 acres, all of which is a contiguous land holding and 100% held by the Company. The staking follows a complete review and compilation of all historical data available for the Wray Mesa, which led the Company to identify new areas for further exploration.
The configuration of the land package has a dominant east-west orientation, parallel to the mineralization trend of the La Sal Creek Mining District and extending westward toward the town of La Sal and La Sal Junction. It has long been known that the vanadium occurrences in the La Sal Creek Mining District have an east-west orientation and this new land acquisition takes advantage of that trend and targets two areas of known historical mineralization that have not been mined.
In these newly-acquired claims, there is an area of mineralization named ‘Whiskey’. Historic drill intercepts at Whiskey included 5 feet of 0.98% U3O8 equivalent (in drill hole WM-260-80) and 1.5 feet of 2.40% U3O8 equivalent in drill hole WM-376-80. Uranium is used as a very helpful proxy in the search for vanadium on Wray Mesa as the ratio of vanadium to uranium is typically 6:1. Holes drilled in 2007 and 2008 by Anthony Kovschak intersected 3.0 feet of 0.45% eU3O8 and 2.0 feet of 0.26% eU3O8 in the immediate vicinity.
In addition to the newly acquired claims, the Company is continuing to explore and plan a drill program on its original Wray Mesa project. As per the NI 43-101 Technical Report on the Wray Mesa Uranium Property, Montrose County, Colorado, USA, completed on July 29, 2013 (available on Company’s website and SEDAR), previous drill results indicate that there is an indicated resource of approximately 85,500 short tons at an average grade of 0.16% eU3O8 for a total of 271,000 pounds of contained uranium. Inferred resources total 57,400 short tons at an average grade of 0.15% eU3O8 for a total of about 169,000 pounds of contained uranium. The vanadium occurrence for the two categories, listed for interest only, and based on a conservative V:U ratio of 6:1 would be 1,626,000 (0.95% avg. grade) and 1,014,000 (0.88% avg. grade) pounds respectively.
“We are very excited to increase our exploration footprint in this strategic part of the Colorado Plateau”, said President and CEO, Matthew Rhoades. “With this land acquisition, we are able to fully leverage the deep understanding that our Director, Anthony Kovschak, CPG, has of the underlying geology and ore bodies at Wray Mesa. Anthony Kovschak has direct working experience in this immediate area and actively explored it a decade ago. Anthony Kovschak has more than 40 years of experience working in this area of eastern Utah and western Colorado. We have a very strong understanding of the geology in the area as well as the right team to move this project forward. This expansion signals our commitment to exploration in the area and we look forward to expediting our exploration efforts and advancing regional relationships.”
Because of these initial results, the Company is encouraged to rely on its local expertise and to shall continue its drill program on Wray Mesa.
Further to the Company’s press release dated September 24th, 2018 the Company has retained the services of an additional service provider for market awareness. The Company has engaged Native Ads Inc., an arm’s-length service provider to the Company, which does not directly or indirectly own any of the Company’s securities.; The company has paid Native Ads Inc. the amount of $250,000 USD.
Qualified Person
Mr. George Sharpe, P. Geo., director of the Company, is the Qualified Person as defined under NI 43 – 101. Mr. Sharpe has reviewed and approved the scientific and technical information in this news release.
The Company’s common shares trade on the OTC Markets Group Inc.’s over-the-counter market in the United States and are DTC eligible with the Depository Trust Company (DTC), under the symbol UBMCF.
ON BEHALF OF THE BOARD OF
UNITED BATTERY METALS CORP.
/s/ Matthew RhoadesMatthew Rhoades
Chief Executive Officer and Director
For further information, please telephone: (604) 428-9063
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws, including statements relating to the outlook of the business of the Company, the Company’s intention to explore and develop the Wray Mesa Property, the results of any such exploration and development, and working with Native Ads Inc. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. Except as required under applicable securities legislation, the Company undertakes no obligation to update or revise forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
SOURCE: United Battery Metals Corp.
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