1 Direct purchase - $ 100 million for 100% 2 Investing in UK Holding Co. - $ 35 million to acquire 30% of the shares with the right to acquire 100% of the Mauritian holding Co. with a predetermined form of binding to the cost of the project.
Min. investments to achieve turnover > $ 200 million per year: $ 300 million. US-includes mine and plant construction (processing) - with extraction and production of V2O5 flakes (vanadium) and cobalt concentrate. Long-term development goal of $ 1 billion in revenue per year: an additional investment of $ 400 million, production scheme for batteries.
Available on request and contained in the feasibility study.
Estimated Gross Cost of Minerals: $ 10 billion to $ 100 billion ... not fully drilled. The minimum value (vanadium and cobalt combined) is $ 10 billion, based solely on the drilling structure. Potential size of over $ 100 billion based on interpretation of geophysical signature.
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