Transition Provides Update on Highly Prospective Vanadium Asset within Ontario
Transition Provides Update on Highly Prospective Vanadium Asset within Ontario
Sudbury, May 29, 2018 – Transition Metals Corp (XTM – TSX.V) (“Transition”, “the Company”) is pleased to
provide an update on the Empire Lake Project, a highl y prospective Vanadium Property located in
northwestern Ontario. The Empire Lake Property was acquired by XTM in April of 2018 as part of a much
larger staking program (see April 23, 2018 – Press Release) designed at acquiring low-cost exploration assets
consistent with the company’s Project Generator Model.
The property comprises 1,986 ha covering a large regional magnetic anomaly associated with an under-
explored mafic intrusion known to contain widespread vana dium-rich magnetite mineralization. Historic drilling
completed in the 80s identified both disseminated magnetite and massive veins of magnetite in drill holes over
core lengths up to 42 m, no assays were reported.
In 2013, the previous owners completed preliminary mapping and sampling programs to determine the grade
and extent of the main vanadium-bearing magnetite zone. Mapping outlined a zone extending for up 1.8 km in
strike length with a width that varied between 50 to 170 m. Grab and channel samples returned values of up to
0.63 wt. % V2O5, 5.84 wt. % TiO2 and 65.1 wt. % Fe2O3.
Commenting on the news, Company CEO and President Scott McLean stated “The acquisition of the Empire
Lake Vanadium Project provides Transition Metals wi th exposure to the emerging vanadium market. With
concerns over supply, changes to China’s building standards and the development of Vanadium Redox Flow
Batteries, many feel that vanadium market is poised to grow significantly. As a Project Generator, XTM will
look to source a partner to advance the project further.”
Vanadium has several industrial uses, particularly as an alloy in iron and steel, specifically for its weight-saving
benefits in high-strength steel. Vanadium is also a cr itical component in Vanadium Redox Flow batteries
(VRB), which have an extremely large capacity potential, making them well suited for use in large power
variable storage applications, such as with wind or solar power. The limited self-discharge characteristics of
vanadium redox batteries also make them useful in applications where the batteries must be stored for long
periods of time in a ready state with little maintenance.
Qualified Person
The technical elements of this press release have been approved by Mr. Grant Mourre, P.Geo. (APGO), a
Qualified Person under National Instrument 43-101.
About Transition Metals Corp
Transition Metals Corp (XTM -TSX.V) is a Canadian-based, multi-commodity project generator that specializes
in converting new exploration ideas into Canadian di scoveries. The award-winning team of geoscientists has
extensive exploration experience in established, em erging and historic mining camps and actively develops
and tests new ideas for discovering mineralization in places that others have not looked, which often allows
the company to acquire properties inexpensively. The team is rigorous in its fieldwork and combines traditional
techniques with newer ones to help unearth compelling prospects and drill targets. Transition uses the project
generator business model to acquire and advance multip le exploration projects simultaneously, thereby
maximizing shareholder exposure to discovery and capital gain. Joint venture partners earn an interest in the
projects by funding a portion of high er-risk drilling and exploration, allowing Transition to conserve capital and
minimize shareholder’s equity dilution. The Company has an expanding portfolio that currently includes more
than 25 gold, copper, nickel and platinum projects primar ily in Ontario, Nunavut, British Columbia, Minnesota
and Saskatchewan.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herei n, the information in this news release constitutes
“forward-looking information” within the meaning of Canadian securities law. Such forward-looking information
may be identified by words such as “plans”, “proposes”, “estimates”, “intends”, “expects”, “believes”, “may”,
“will” and include without limitation, statements regarding estimated capital and operating costs, expected
production timeline, benefits of updated development plans, foreign exchange assumptions and regulatory
approvals. There can be no assurance that such statements will prove to be accurate; actual results and future
events could differ materially from such statements. Factors that could cause actual results to differ materially
include, among others, metal prices, competition, risks inherent in the mining industry, and regulatory risks.
Most of these factors are outside the control of the Company. Investors are cautioned not to put undue
reliance on forward-looking information. Except as ot herwise required by applicable securities statutes or
regulation, the Company expressly disclaims any int ent or obligation to update publicly forward-looking
information, whether as a result of new information, future events or otherwise.
Neither the 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.
Further information is available at www.transitionmetalscorp.com or by contacting:
Scott McLean
President and CEO
Transition Metals Corp.
Tel: (705) 669-1777