American Vanadium Announces Submission of the Plan of Operations to the Bureau of Land Management
24 Dezember 2012 - 3:00PM
Business Wire
AMERICAN VANADIUM CORP. (“American Vanadium” or the “Company”)
(TSX.V: AVC) (OTCQX: AVCVF) announces the submission of the Plan of
Operations for the Gibellini Project in Nevada to the US Bureau of
Land Management (BLM) which, upon the agency’s determination of
completeness, initiates the National Environmental Policy Act
(NEPA) review process. Additionally, the Company has submitted a
Reclamation Plan to the Nevada Division of Environmental
Protection.
“This is a major step forward in our mine permitting
process,” said Bill Radvak, President & CEO of American
Vanadium. “The BLM, the Nevada Division of Environmental
Protection and Eureka County have all been very supportive and a
pleasure to work with on this project, providing both regulatory
and technical direction to enhance the project’s environmental
protection measures and streamline the permitting process.”
The Plan of Operations details the plan for the Gibellini
Project from mine design, to processing facilities, to the
reclamation and closure plan. Importantly, the Plan of Operations
incorporates numerous product outputs for high purity vanadium
products for the titanium alloying industry as well as electrolyte
for the vanadium flow battery market. In addition, the Plan of
Operations incorporates a micro grid design utilizing solar power
generation and a vanadium battery which will be capable of powering
the mine off-grid.
About American Vanadium Corp.
American Vanadium is developing the only vanadium mine in the
United States. The Company’s Gibellini Project, located in Nevada,
is being designed to economically produce vanadium products for the
chemical and titanium alloying industries, as well as vanadium
electrolyte for the energy storage industry.
This strategic asset gives American Vanadium the opportunity to
vertically integrate into the highest value market, mass energy
storage. The Company will focus on producing vanadium electrolyte,
powders, crystals and oxide pellets for premium markets such as
grid scale flow battery systems, chemical and pollution control
applications as well as for the aerospace and defense industry.
A positive Feasibility Study and updated National Instrument
43-101 on the Gibellini Project were completed by AMEC E&C
Services in 2011.
American Vanadium trades on the TSX Venture Exchange as a
tier-one company under the symbol “AVC”, the OTCQX Market under the
symbol “AVCVF” and the Frankfurt Stock Exchange under the symbol
“0UA”.
ON BEHALF OF THE BOARDBill Radvak, President and CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Forward-Looking Statements: This press release contains
“forward-looking information” within the meaning of applicable
Canadian securities laws, including statements regarding the
expected use of proceeds from the Private Placement, and future
plans and objectives for the Gibellini Project. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of American Vanadium to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information. Forward-looking information includes estimates of mine
production rates and mine life, revenues from future mining
operations, capital and operating costs, and pay-back period.
Factors that may cause actual results to vary include, but are not
limited to, actual results of current exploration activities;
conclusions of economic evaluations; changes in project parameters
as plans continue to be refined; future prices of vanadium;
possible variations in reserves, grade or recovery rates; changes
to capital and operating cost estimate, delays in obtaining
governmental approvals or financing or in the completion of
development or construction activities. Although American Vanadium
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. American
Vanadium does not undertake to update any forward-looking
statements, except in accordance with applicable securities
laws.
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