04 Feb Victory Metals To Start Trading This Week
Victory Metals (TSXV – VMX) has closed its reverse-takeover transaction with Ripper Oil and Gas and its shares are scheduled to start trading on the TSX Venture Exchange on or around February 8, 2019.
The Iron Point vanadium project is located just 22 miles east of the mining town of Winnemucca, NV. With Interstate 80 intersecting the property, a rail line on its northern boundary, and the 522 megawatt North Valmy generating station just 9 miles away, Iron Point has a lot going for it. These factors along with the project’s geology present the possibility that Iron Point might end up being a low Capex asset. Victory Metals would need to prove this out through a pre-feasibility study but if it did, it would likely create a valuation separation from its peers and put it in a future change of control scenario. I’m looking forward to watching Paul Matysk and Collin Kettell advance Iron Point and create value for Victory Metals shareholders through 2019.