Mr. Paul Cowley reports
FIRST VANADIUM MORE THAN DOUBLES THE SIZE OF ITS CARLIN VANADIUM PROPERTY IN NEVADA
First Vanadium Corp. (formerly Cornerstone Metals Inc.) has more than doubled the size of its Carlin vanadium property from 1,331 acres to 3,177 acres. The company has staked and filed with the Bureau of Land Management (BLM) 1,846 acres of unpatented lode claims over federal lands adjacent and proximal to the original core claims. The new claims provide the company with a larger working area around the Carlin vanadium deposit.
Vanadium is growing in importance for key industrial manufacturing sectors, most notably steel and renewable energy. Today, more than 90 per cent of the world's vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly, with more than 5 per cent of vanadium production used in energy storage, where its substantial cost and performance benefits make it an alternative choice to lithium ion in several areas.
About First Vanadium Corp.
First Vanadium (formerly Cornerstone Metals Inc.) has an option to earn a 100-per-cent interest in the Carlin vanadium project, located in Elko county, six miles south from the town of Carlin, Nev., on Highway I-80. The Carlin vanadium project hosts the Carlin vanadium deposit, which is flat dipping to shallow dipping and at shallow depths, with a strike length of approximately 1,800 metres, width averaging 600 metres and thickness ranging from 15 metres to 50 metres. The company announced its maiden resource on Feb. 27, 2019.
The technical disclosure in this news release has been reviewed and approved by Paul Cowley, PGeo, president and chief executive officer of the company, who is a qualified person as defined by National Instrument 43-101.
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