Copper project in BC has only seen limited, narrow focused drilling
Strategic focus on energy metals
On the hunt for more acquisitions
Who are Victory Resources:
Victory Resources Corp (CNSX:VR) is a Vancouver-headquartered mining firm which is advancing a project in south central British Columbia, Canada and is on the hunt for other opportunities for minerals in the clean energy sector.
Its Canadian project is a copper target called The Mal-Wen, which consists of four wholly-owned contiguous claims for almost 2,000 acres. Access is via logging roads off a main highway.
It lies 30 kilometers (km) south east of the city of Merritt in the Nicola Valley of the south-central Interior of British Columbia.
In February this year, Victory Resources moved its shares listing to the Canadian Securities Exchange (CSE) from the Toronto Venture Exchange..
How is it doing:
The company has said it is keen to make further acquisitions and that it is actively exploring assets in the clean energy sector.
Specifically, these are exploration opportunities to source green energy power minerals to be used in battery production and are ideally in geographical locations with easy access to large markets for these metals. It is also eager to find potential acquisitions, which have existing mine shafts.
Anyone following the resource sector will know that energy or 'power' metals are in big demand currently. From smartphones to electric cars, minerals such as cobalt, lithium and rare earths have become increasingly more important.
The US government this year published a 'Critical Minerals' List, naming with 35 minerals considered critical to the “national economy and national security” and cobalt, lithium, and manganese were included.
Victory has a list of five minerals, which it is focused on targeting. They are cobalt, used mainly in small scale battery production; vanadium, mainly used in energy storage, and lithium, which is used in most smartphone, laptop and electric car batteries. It is also looking for other copper opportunities as new resources decline, but demand ramps up.
Another on its list is manganese, which is the fourth most traded metal in the world. Manganese oxide is used in lithium-ion batteries and this side is the fastest growing for the manganese sector.
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