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VANADIUM RESOURCES LIMITED (VR8)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of VR8: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000053522
Address: Suite 7 - 63 Shepperton Road Victoria Park WA 6100
Tel:  (08) 6381 0054

Date first listed: 03/11/2017

Sector: Materials 
Activities: Minerals exploration

News & Events

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The suspension of trading in the securities of Vanadium Resources Limited will be lifted immediately, following the release by VR8 of an announcement regarding an increase in the Steelpoortdrift Vanadium Project interest.

03/05/2023

Matrix Resources (Zhejiang) Co., Ltd to make a strategic A$5.91 million investment in return for an interest of 9.99% in VR8 via a subscription for 53,763,800 shares at an issue price of $0.11 per subscription share, representing a ~40% premium to the 30- day VWAP. Exclusivity granted to Matrix to negotiate an offtake, aimed at the Asian markets, of 40% of Vanadium Products produced from the Phase 1 operations of the Steelpoortdrift Vanadium Project over a 10-year term. Matrix is a wholly owned subsidiary of Lygend Investment, which is also the largest shareholder of Hong Kong listed Lygend Resources & Technology Co., Ltd. Lygend Resource is operating its business across the entire nickel industry value chain and is engaged in both the trading and the production of nickel products. The Company must use its best endeavours to enable Matrix to participate in future equity capital raises to maintain its ownership position. Funds raised from the strategic investment will be used towards progressing Front End Engineering Design, completing additional technical work and critical pathways to construction and growing the operations team as the Company moves towards Final Investment Decision.

03/05/2023

VR8 enters into Agreements to increase its interest in the Steelpoortdrift Vanadium Project from 73.95% to 86.49%. VR8 acquires 12.54% in return for ZAR 8,730 (A$707) in cash and 22,124,030 Share Options to acquire VR8 Shares equal to 4.37% of the current issued share capital of VR8. Vendors have agreed to a voluntary escrow of 12 months subject to block trade capacity managed by VR8. Agreements are subject to South African Reserve Bank approvals (if required) and VR8 being satisfied with the minimum ownership position of VanRes in terms of South African Black Economic Empowerment policy.

03/05/2023

The company releases a notice of proposed issue of securities.

03/05/2023

The securities of Vanadium Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VR8, pending the release of an announcement regarding an increase in Steelpoortdrift Vanadium Project interest.

02/05/2023

The suspension of trading in the securities of Vanadium Resources Limited will be lifted immediately, following the release by VR8 of an announcement regarding a capital raise and the potential acquisition of an ESG process strategy.

01/04/2021

The company releases a notice of Proposed issue of Securities - VR8.

01/04/2021

Company to acquire up to a 74% interest in an ESG integrated extraction, processing, refining, and manufacturing technology developed by TCM Research Ltd (TCM), that innovatively utilises existing processing methodologies to produce battery grade Vanadium Pentoxide and high-end Vanadium products, including other products arising from the Steelpoortdrift Ore such as Iron, Titanium, Silicon and Aluminium, which are not currently extracted using conventional processing methods. Technology IP will be transferred into a new joint venture company (of which VR8 can earn up to a 74% controlling interest), and the JV Co will licence the technology to VR8 who will hold exclusive rights as well as have the ability to licence the technology globally. The processing technology is carbon-efficient and has hydrogen- and power-generating proficiencies. Studies conducted will include investigation to treat waste from the Salt Roast process and remediate waste from other vanadium tailings storage facilities globally. Existing studies for the PFS and DFS for the Steelpoortdrift Vanadium Project utilising the conventional salt roast method will continue unaffected. Firm commitments received to raise A$2,000,000, with funds to be utilised to pursue integrated ESG processing technology studies, immediate commencement of the Steelpoortdrift Vanadium Project DFS (at completion of PFS) and to provide working capital.

01/04/2021

The securities of Vanadium Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VR8, pending the release of an announcement regarding a capital raise and the potential acquisition of an ESG process strategy.

31/03/2021

The suspension of trading in the securities of Vanadium Resources Limited will be lifted immediately, following the release by VR8 of an announcement regarding a capital raising.

14/11/2019

A$800,000 raised in placement, with $500,000 from investors introduced by VR8's vendor shareholders. Funds will enable the company to: pursue the strong interest shown by major industry participants in developing the Steelpoortdrift Vanadium Project and conduct downstream processing testwork to maximise competitive advantages. Corporate and administration costs reduced to maximise returns on strategic objectives.

14/11/2019

The company requests the voluntary suspension remain in place until the company makes an announcement regarding a proposed capital raising, which it expects t omake by 14 November 2019.

13/11/2019

The company requests the voluntary suspension remain in place until the company makes an announcement regarding a proposed capital raising, which it expects to make by 13 November 2019.

06/11/2019

The company releases a letter to its option holders that their options to acquire VR8 shares at $0.054 per share will expire on 8 December 2019.

04/11/2019

The company lodges its Quarterly Cashflow Report.

30/10/2019

The company lodges its Quarterly Activities Report.

30/10/2019

The securities of Vanadium Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VR8, pending the release of an announcement regarding a capital raising.

30/10/2019

name changed from Tando Resources Limited

30/07/2019

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    11/11/2022Jurie Wessels740,000$0.066$48,840
    11/11/2022Michael Davy800,000$0.065$51,592
    24/06/2020Michael Davy1,500,000$0.021$31,342
    18/12/2018Jeremy King300,000$0.095$28,500
    17/08/2018Bill Oliver240,000$0.168$40,221

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Jurie WesselsExecutive Chairman29/07/2019
    John CiganekManaging Director, CEO18/12/2020
    Tim FeatherCFO22/08/2023
    Michael DavyNon Exec Director28/11/2019
    Kyla GaricCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Eugene NelCEO18/12/202009/12/2022
    Nico van der HovenDirector29/07/201908/04/2022
    Bill OliverManaging Director, CEO03/11/201718/12/2020
    Patrick BurkeNon Exec Director03/11/201728/11/2019
    Jeremy KingNon Exec Chairman03/11/201729/07/2019
    Luigi MatteucciNon Exec Director04/03/201929/07/2019

    Date of first appointment, title may have changed.