Vancouver, British Columbia, August 22, 2011 - Bloomberg's Julie Hyman Interviews Bill Radvak of American Vanadium (TSXV:AVC) - Video Posted on www.InvestmentPitch.com
InvestmentPitch.com has posted this two-part interview, 1st part of interview (http://www.investmentpitch.com/media/991/American_Vanadium_Corp._TSXV:_AVC_Bloomberg_Part_1/) and 2nd part of interview (http://www.investmentpitch.com/media/992/American_Vanadium_Corp._TSXV:_AVC_Bloomberg_Part_2/), on its website. If this link is not enabled, please visit www.InvestmentPitch.com (http://www.investmentpitch.com/) and enter "American Vanadium" in the search box.
There was also a video interview produced by BNN which can possibly be viewed on this link (http://watch.bnn.ca/#clip516666).
American Vanadium is currently developing the Gibellini Project, a world-class vanadium resource, located in Eureka County, Nevada, about 27.5 miles south of the town of Eureka. Gibellini is a NI 43-101 compliant shale hosted vanadium resource with an indicated mineral resource of 20,796,348 tons at 0.338% vanadium pentoxide.
The company has initiated environmental permit work and feasibility work with feasibility completion targeted late Q2 2011. Bulk sampling and drilling to support the metallurgical program has been completed with metallurgical work underway to validate and improve recovery of vanadium by acid leach methods. Further drilling has been initiated to support feasibility work. Exploration potential also exists on the project to significantly expand the known resource.
Vanadium is growing in importance as an alloying metal used to strengthen steel as well as the emerging uses with lithium vanadium batteries and storage cells for renewable energy. Gibellini's low cost production capability and low cost heap leach recovery gives the Company the opportunity to become North America's first and only primary producer of Vanadium.
Production of vanadium worldwide in 2010 was estimated to be 54,000 tonnes (USGS). The three largest producing countries are South Africa, China, and Russia. Global consumption of vanadium has been rising recently with the worldwide boom in infrastructure construction. Trends in consumption have shown annual increases in the range of 6% to 7% and are forecast to remain ahead of GDP
For more information, please visit www.americanvanadium.com (http://www.americanvanadium.com)
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CONTACT:
American Vanadium Corp
Bill Radvak, President & CEO
604-488-5417
bradvak@americanvanadium.com (mailto:bradvak@americanvanadium.com)
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
