American Vanadium Quarterly Financials:
Q3 (9 months ending Nov. 30, 2010) - MD&A – Financial Statements
Q2 (6 months ending Aug. 31, 2010) – MD&A - Financial Statements
Q1 (3 months ending May 31, 2010) - MD&A - Financial Statements
Share structure as of May 4, 2011:
Facts About Vanadium
Chinese Vanadium Production:
Almost all of the vanadium produced today comes from China, Russia and South Africa, so we like to look for deposits that are near production and a little closer to home. One I’ve mentioned in the past is American Vanadium, which owns a sedimentary deposit in Nevada called Gibellini. The company has an NI 43-101-compliant M&I resource estimate of 18 Mt. vanadium at a grade of 0.33. It also has a PEA demonstrating $89M capex at a vanadium production cost of $2.96/lb.
This vanadium company plans to produce 14 Mlb./year. With vanadium currently priced at roughly $7.50/lb., this is a relatively straightforward project with good economics. American Vanadium is targeting vanadium production from an open-pit mine by the end of 2012. The company also owns additional vanadium deposits along the same trend as Gibellini, so there’s additional upside here with more drilling to complement the economics of the project.
While vanadium supply and demand is currently in balance, having a local source for this element will be benificial with so much at stake regarding clean energy technology and ‘owning’ the intellectual property around the innovations.
Gibellini Vanadium Deposit Nevada
May 2011 – Corporate presentation (new!)
June 2010 – Cambridge House presentation
March 2010 – PDAC presentation
American Vanadium is currently developing their 100% owned Gibellini Project in Nevada along with several adjacent vanadium properties while evaluating strategic vanadium market related opportunities. Gibellini’s world-class 43-101 compliant vanadium resource (122 million pounds indicated), together with the project’s significantly low cost (open pit, heap leach), represents the opportunity for American Vanadium to become North America’s only primary producer of vanadium.
The Gibellini Project is expected to start vanadium production by 2013. With mine production projected to reach 14 million pounds of vanadium per year by 2013, Gibellini could potentially supply 5% of current global vanadium demand.
And with Gibellini’s production process uniquely designed to yield vanadium pentoxide and battery grade vanadium, American Vanadium’s executive team is actively seeking opportunities for off take agreements and vertical integration with both the steel production and clean tech mass energy storage/battery production industries.
American Vanadium trades on the TSX Venture Exchange as a tier-one company under the symbol AVC (TSX.V:AVC); on the OTC Bulletin Board Exchange under the symbol RMRCF (OTC:RMRCF.PK); and on the Frankfurt Exchange under the symbol 0UA (Frankfurt: 0UA.F).