Delrey Metals Acquire Two Vanadium Projects from B.C. Vanadium
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Delrey Metals has entered into and closed a share exchange agreement with BC Vanadium Corp., (BCVC).
BCVC owns a 100 percent undivided, unencumbered legal and beneficial interest in both the Star and the Porcher Vanadium properties located in northwestern British Columbia. The properties cover a total area of 6,740 hectares and host vanadium mineralization within large bodies of titaniferous magnetite. The properties are strategically located on tidewater, near to the small logging community of Oona River on Porcher Island.
“We are extremely excited to announce the acquisition of these two vanadium projects into Delrey’s growing portfolio. We look forward to completing high resolution magnetic surveys on the projects and continuing to generate news flow for the Company during the winter months,” said Morgan Good, president and CEO of Delrey.
“The vanadium redox battery market is still in its infancy and demand is set to grow exponentially over the coming years. With the vanadium price at all-time highs and forecasted to continue rising, Delrey is well positioned to capitalize on this emerging market,” added Good.
The company also plans to actively continue its pursuit of additional strategic battery energy metals assets for its portfolio as the burgeoning sector expands.
About Delrey
Delrey is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy minerals space. The company has an option agreement to purchase a 100 percent interest in the highly prospective Sunset property situated in the Vancouver Mining Division and located near Pemberton, British Columbia. In addition to its acquisition of the Star and Porcher Vanadium properties in BC, Delrey intends to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. Delrey is based in Vancouver, British Columbia.
To stop by Delrey’s website, CLICK HERE
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