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Vanadium One Energy closes Mont Sorcier acquisition

Vanadium One Energy Corp. fulfilled its commitments to acquire title to 37 claims of the Mont Sorcier iron-titanium-vanadium project in Quebec, according to a Jan. 9 release.

The company agreed to acquire Mont Sorcier from Chibougamau Independent Mines Inc. in 2016.

Vanadium One satisfied its C$1 million financial commitment for exploration expenditures on the property. The transfer of claim ownership is in progress and will be completed in due course.

Additionally, the company soon expects to receive assay results from its recent drilling campaign, which was completed in December 2018.