VANCOUVER, BC, CANADA (April 9th, 2018) – Victory Resources Corp. (TSX – V: VR) (FWB: VR61) (OTC PINK: VRCFF) ("Victory" or the "Company") is pleased to announce that the Company has begun extensive scoping surveys and due diligence on battery mineral exploration and near-term production permits in Spain.
In conjunction with the scoping survey the company has retained Taipan Consulting International and EXCO Mining (Spain) to assist to complete due diligence on several potential permits for the exploration of battery grade minerals, including cobalt, vanadium, lithium, copper, manganese, and rare earth elements (REE).
“These scoping surveys are the next step in accelerating both our short and long term goals to expand our search for battery grade mineral assets with rising worldwide demand,” said Mr. David Lane, President of the Company. “Spain represents a safe and emerging mining jurisdiction where our ability to acquire potential large scale battery minerals deposits is strong. In addition, the proximity to massive European demand will offer excellent near-term benefit for our shareholders and stakeholders,” added Mr. Lane.
Spain has one of Europe´s most diversified mining sectors, which produces copper, gold, nickel, tungsten, industrial minerals and stone. Spain encompasses almost 90% of the Iberian Peninsula which is considered to be the most mineralized zone in the European Union.
Victory’s strategic focus includes cobalt, vanadium, lithium, copper, manganese, and rare earth elements (REE), as outlined below:
Cobalt: Primarily used in small scale battery production, such as smartphones, laptops and electric cars. Tech companies and car manufacturers are the primary buyers for this mineral. As demand increases there is an ongoing strain to increase supply. Majority of cobalt is sourced out of Democratic Republic of Congo, however due to unstable political conditions, Victory is targeting other geographical locations such as Spain.
“We recognize the contributions of Mr. Warren P. Lowe who is stepping down from the Board of Directors and we wish him the best in his future endeavours,” noted Mr. David Lane. “Victory is pleased to welcome Mr. Alan Levien, a seasoned entrepreneur, to the Company’s Board,” added Mr. Lane.
Mr. David Lane, President
Telephone: +1 236 317 2822
E-mail: [email protected]
About Victory Resources Corporation
VICTORY RESOURCES CORPORATION (TSX – V: VR) (FWB: VR61) (OTC PINK: VRCFF) is a publicly traded junior international mining corporation with interests in North America, Europe and Africa. The Company is currently developing its existing operation in South Central British Columbia, as well as scoping green energy mineral permits in Europe and Africa.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
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