trending Market Intelligence /marketintelligence/en/news-insights/trending/n40zUhZWrTLuy91xPXQQoA2 content esgSubNav
In This List

Tarku secures option to acquire Lac Fabien vanadium project in Quebec

Video

According to Market Intelligence, December 2022

Blog

Global Clean Action Energy Forum

Video

Insight Monthly, October 2022

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Tarku secures option to acquire Lac Fabien vanadium project in Quebec

Tarku Resources Ltd. signed a nonbinding letter of intent for an option to acquire the Lac Fabien vanadium project, which comprises 35 mining titles in Quebec.

As consideration, Tarku would issue mainly shares and incur exploration expenditures over four years. A definitive agreement must be signed with prospectors before Feb. 28.

The company said Jan. 15 that it is exploring options to secure funding for the project.

Tarku plans to conduct exploration work at Lac Fabien this summer, aiming to validate the thickness and continuity of the mineralized vanadium zones and grade distribution. Work will also look to determine the recovery quality of vanadium.