VanadiumCorp Reports Interim Metallurgical Results from Lac Dore Bulk Sample Testing 02/11/2026
VanadiumCorp Reports Interim Metallurgical Results from Lac Dore Bulk Sample
Testing
02/11/2026
Vancouver, British Columbia – TheNewswire - Feb.11, 2026 – VanadiumCorp Resource
Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) (“VanadiumCorp” or the “Company”) is
pleased to report interim results demonstrate selective vanadium extraction and support
continued optimization of the flowsheet. The metallurgical testing program was conducted
by Impact Global Solutions Inc. (IGS) on bulk samples from its flagship Lac Doré
vanadiferous titanomagnetite property, located near Chibougamau, Québec.
The testing program, as detailed in the Company’s news release dated March 27, 2024, was
designed to evaluate beneficiation and downstream vanadium extraction options for Lac
Doré mineralization and to advance the Company’s strategy of developing a secure, low-
carbon vanadium supply chain.
Metallurgical Program Overview
The IGS metallurgical test program was designed and executed in two sequential phases to
assess the beneficiation characteristics of the Lac Doré material and to evaluate the
amenability of the resulting vanadium-bearing concentrate to downstream thermal and
hydrometallurgical extraction.
Phase 1 – Beneficiation Test Work
Phase 1 test work focused on comminution, followed by wet magnetic separation to
evaluate the recovery and upgrading of vanadium-bearing magnetite and associated
ilmenite. The Lac Doré material demonstrated a consistent response to conventional
grinding and magnetic separation techniques, resulting in the production of a vanadium
magnetite concentrate and an ilmenite pre-concentrate.
The vanadium magnetite concentrate produced exhibited upgraded vanadium content and
mineralogical characteristics considered suitable for subsequent thermal treatment and
hydrometallurgical processing. The results indicate that no atypical or non-standard
beneficiation techniques are required at this stage of process development.
Phase 2 – Vanadium Extraction (Roasting and Leaching)
Phase 2 scoping-level test work evaluated the extractability of vanadium from the
beneficiated vanadium magnetite concentrate using oxidative roasting followed by sulfuric
acid leaching. Roasting tests were conducted across a temperature range of approximately
800°C to 1,050°C to assess the influence of thermal treatment on vanadium liberation and
subsequent leach recovery.
Results demonstrated a positive correlation between roasting temperature and vanadium
extraction efficiency during leaching. Increasing roasting temperatures led to progressively
higher vanadium recoveries, indicating enhanced conversion of vanadium to acid-soluble
phases. Iron and titanium remained largely insoluble under the tested roasting and
leaching conditions and reported predominantly to the solid leach residue.
These outcomes indicate selective vanadium extraction under the evaluated roast-leach
conditions, with limited dissolution of iron and titanium, supporting further assessment of
downstream vanadium recovery processes.
Highlights of Interim Metallurgical Results
• Successful production of a vanadium-magnetite concentrate through grinding and
staged magnetic separation
• Preliminary tests achieved a vanadium-magnetite concentrate grading
approximately 0.93% V₂O₅ and ~78% Fe₂O₃, with a mass pull of ~63% in
non-optimized conditions
• Selective vanadium extraction from the magnetite concentrate demonstrated
increasing recoveries with higher roasting temperatures, reaching up to ~65%
vanadium recovery at 1050°C.
• Iron and titanium were largely unaffected during vanadium leaching, supporting
selective vanadium recovery
• “Results indicate the technical potential of producing a vanadium-rich feedstock
suitable for preliminary evaluation in downstream electrolyte processing studies.
Strategic Significance
These interim results support VanadiumCorp’s strategy of evaluating the integration of
hydrometallurgical processing with traditional beneficiation as part of a potential future
vanadium supply chain for vanadium flow battery (VFB) electrolytes from a domestic
Québec resource. The work also complements the Company’s proprietary VEPT
hydrometallurgical process, which has previously demonstrated high vanadium recoveries
from similar feedstocks. The production of high-grade vanadium-bearing magnetite
concentrates from representative Lac Doré VTM mineralization under the reported test
conditions supports further optimization of the Company’s patented and proprietary
processing flowsheet. The Company plans to advance additional hydrometallurgical test
work to evaluate vanadium recovery pathways and assess the potential recovery of
vanadium electrolyte and associated value-added co-products from the Lac Doré project.
Kristien Davenport, CEO of VanadiumCorp, stated: “The initial metallurgical results show
Lac Doré mineralization can be processed into vanadium-bearing magnetite concentrate,
with vanadium selectively extracted under current conditions. These findings represent an
important technical step toward further evaluating processing methods for a potential
integrated vanadium supply chain for long-duration energy storage. ”
IGS Recommendations
1. Based on the results of the interim test work, IGS has recommended continued
optimization work, including:
• Refinement of the beneficiation flowsheet
• Additional roasting and leaching tests to improve vanadium recovery
• Evaluation of particle size, leaching temperature, additive chemistry, and higher
roasting temperatures
• The Company will evaluate these recommendations as part of its ongoing technical
and economic studies for the Lac Doré project.
The metallurgical test work reported herein is preliminary in nature and was conducted
under non-optimized laboratory conditions. The results are intended to assess technical
amenability only and do not constitute an economic or production decision. Further
metallurgical testing and optimization will be required to assess scalability and
commercial applicability.
About Impact Global Solutions Inc.
Impact Global Solutions Inc. (IGS), based in Montréal, Québec, provides metallurgical
testing, process development, and ISO-17025-certified analytical services to the mining
industry, with a focus on innovative and fast-track solutions.
Qualified Person
The scientific and technical information contained in this news release has been reviewed
and approved by André Gauthier, P .Geo., a Qualified Person as defined under NI 43-101 and
a director of the Company. Mr. Gauthier has not independently verified the historical
exploration data referenced and does not accept responsibility for the accuracy of
historical estimates. His review was conducted to ensure that the disclosure complies with
NI 43-101 requirements.
About VanadiumCorp Resource Inc.
VanadiumCorp Resource Inc. is a Canadian resource company focused on developing
vanadium-based materials for the energy storage and steel markets, with a strategic
emphasis on producing high-purity vanadium electrolyte for vanadium redox flow batteries
(“VRFBs”).
The Company’s core assets include the Lac Doré Vanadium-Iron-Titanium Project near
Chibougamau, Québec, one of the largest undeveloped vanadium resources in North
America, and the Iron-T Project. VanadiumCorp is advancing an integrated strategy
spanning resource development, processing flowsheet optimization, and downstream
electrolyte production, targeting the growing demand for long-duration energy storage
solutions required to support grid stability and renewable energy integration.
VanadiumCorp’s market objective is to position itself as a reliable, low-cost, and
environmentally responsible supplier of vanadium electrolyte, advanced materials and
technology provider supporting the global deployment of VRFB technology in utility-scale,
industrial, and infrastructure applications.
On behalf of the Board of VanadiumCorp Resource Inc.
“Kristien Davenport”
President, CEO and Director
VANADIUMCORP RESOURCE INC.
For more information, please visit the company website www.vanadiumcorp.com
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-Looking Statements
This document may contain forward-looking statements (including "forward-looking
information" within the meaning of applicable Canadian securities laws and "forward-
looking statements" within the meaning of the US Private Securities Litigation Reform Act of
1995) regarding, among other things, VanadiumCorp's business. and the environment in
which it operates. In general, forward-looking statements can be identified by the use of
words such as "anticipates" , "expects" or "does not expect" , "is expected" , "budget" ,
"forecast" , "estimates" , "forecasts" , "intends" , "anticipates" or "does not anticipate" , or
"believes" , or variations of such words and phrases or statements that certain actions,
events or results "may" , "could" , "would" , "could" or "will be taken", "occur" or "will be
achieved" . VanadiumCorp relies on a number of assumptions and estimates to make these
forward-looking statements, including, without limitation, the ability to acquire the
necessary permits and authorizations to advance the Lac Doré property to the production
stage, the ability to add to existing resources at Lac Doré through drilling, the costs
associated with the development and operation of its properties. These assumptions and
estimates are made in light of forecasts and conditions that are considered relevant and
reasonable based on available information and current circumstances. A number of risk
factors may cause actual results, level of activity, performance or results of such
exploration and/or mine development to differ materially from those expressed or implied
by such forward-looking statements, including, without limitation, whether such
discoveries will result in commercially viable quantities of such mineralized materials, the
ability to modify project parameters as plans continue to be refined, the ability to execute
planned future exploration and drilling programs, the need for additional financing to
continue exploration and development efforts, changes in general economic, market and
business conditions, and other risks outlined in VanadiumCorp's latest Annual Information
Form under the heading "Risk Factors" and in its other public documents. Forward-looking
statements are not guarantees of future performance and such information is inherently
subject to known and unknown risks, uncertainties and other factors that are difficult to
predict and that may be beyond VanadiumCorp's control. Although VanadiumCorp has
attempted to identify important risks and factors that could cause actual actions, events or
results to differ materially from those described in the forward-looking statements, there
may be other factors and risks that cause actions, events or results not to be as
anticipated, estimated or intended. Accordingly, undue reliance should not be placed on
these forward-looking statements. In addition, all forward-looking statements in this press
release are made as of the date of this press release. VanadiumCorp disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by applicable
securities laws.
The forward-looking statements contained herein are expressly qualified by this disclaimer.
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