American Vanadium Announces Submission of the Plan of Operations to the Bureau of Land Management
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 BOARD
Bill 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.
American Vanadium Corp.
Bill Radvak, 604-681-8588 X 101
President
& CEO
bradvak@americanvanadium.com
or
Mike
Hyslop, 604-681-8588 X 102
Director, Corporate Development
mhyslop@americanvanadium.com
www.americanvanadium.com