Cornerstone Metals Announces Name Change to “First Vanadium Corp.”
Cornerstone Metals Announces Name Change to “First Vanadium Corp.”
September 20, 2018 - Vancouver, British Columbia – Cornerstone Metals Inc. (TSX-V: CCC)
(OTCQX: CCCCF) (FSE: 1PY) (“Cornerstone” or the “Company”) is pleased to announce that it will be
changing its name to “ First Vanadium Corp. ” effective September 25, 2018 to emphasize its focus on
vanadium and on advancing the Carlin Vanadium Project.
The common shares of the Company will commence trading under th e new name on the TSX Venture
Exchange with the new trading symbol “FVAN” at the opening of trading on September 25, 2018.
There is no change in the share capital of the Company, and sha reholders are not requi red to exchange their
existing share certificates for new certificates. The Company’ s new CUSIP number is 33745F107 and its
new ISIN number is CA33745F1071.
Vanadium’s Growing Importance for Steel Manufacturing and the Energy Sector
Vanadium is growing in importanc e for key industrial manufactur ing sectors, most notably steel and
renewable energy. Today, more than 85 percent of the world’s va nadium is used in steel manufacturing
applications. Its importance to the energy sector is also growi ng rapidly with more than 10 percent of
vanadium production used in ener gy storage where its substantia l cost and performance benefits make it an
alternative choice to lithium ion in several areas.
Vanadium prices for 98% flake V2O5 have steadily risen from und er US$3.00/lb less than 3 years ago, to its
current price of US$19.30/lb.
About the Company
The Company has an option to earn a 100% interest in the Carlin Vanadium Project, located in Elko County
22 km by road (13 miles) from the town of Carlin, Nevada. The p roject is comprised of 72 contiguous
unpatented mineral claims totaling 461 hectares (1,140 acres). The Carlin Vanadium Project hosts the Carlin
Vanadium Deposit which is flat to shallow dipping and at shallo w depths, 0-60 m (0-200 ft) below surface.
The Carlin Vanadium deposit is c onsidered one of the largest, h ighest grade primary vanadium deposits in
North America (USGS Professional Paper 1802 Critical Mineral Re sources of the United States—Economic
and Environmental Geology and Prospects for Future Supply dated December 18, 2017).
The Company also owns 100% (subjec t to 1.5% NSR) of the West Je rome property, near Jerome, Arizona,
on the west side of Freeport McMoRan patented lands. The proper ty, in a Volcanogenic Massive Sulfide
camp, is a high-grade, massive sulfide target located 2.4 km so uth of the past-producing United Verde (32
million tons grading 4.4% copper, 1.5 oz/t silver and 0.04 oz/t gold). The West Jerome property has
attractive untested drill targets.
Technical disclosure in this news release has been reviewed and approved by Paul Cowley, P.Geo., a
Qualified Person as defined by National Instrument 43-101, and President and CEO of the Company.
ON BEHALF OF CORNERSTONE METALS INC.
per:
“Paul Cowley”
CEO & President
For further information, please contact:
Paul Cowley
Tel: 604-340-7711
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press re lease that address activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are forward-looking statem ents. In particular, this news release
contains forward-looking information regarding the proposed name change and the acquisition of the Carlin Vanadium
Project, Nevada. These forward-looking statements involve numerous assumptions made by the Company based on its
experience, perception of historical tr ends, current conditions, expected futu re developments and other factors it
believes are appropriate in the circumstances. These assu mptions include, but are not limited to: future costs and
expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market
acceptance of, the offering. In addition, these statem ents involve substantial kn own and unknown risks and
uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking
statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue
reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update
these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated
events.