Pegasus Resources Inc (SLTFF)

[Bassman101]

Rockstone Research Reports Covers Pistol Bay & Vanadium

Full Report https://bit.ly/2WTk7RO



Rockstone

On the Road to a New Vanadium District in Nevada: Pistol Bay Mining targets high-grade vanadium in Clark County
image:

Vanadium, the extremely hard yet ductile and malleable silvery-grey metal was named after Vanadis, the Scandinavian goddess of beauty.

The beauty of vanadium for investors is that the fundamental factors affecting demand and supply have changed significantly over the last few years. Global demand is strong and growing while supply is tight.

Vanadium supply is coming mainly from China, Russia, South Africa and Brazil. With recent mine shutdowns in China and South Africa, along with China's ban on scrap imports, the supply side appears weak in light of the excess demand that is building up globally.

Both supply and demand pressures pushed vanadium prices from about $5 USD/lb in 2016 to more than $30 USD/lb last year. The first half of 2019 saw vanadium prices decline to $8 USD/lb, but with supply-demand fundamentals looking all the more strong, the second half of 2019 could bring a price rebound with vanadium stocks soaring again.

image: https://ci3.googleusercontent.com/proxy/zzAnoz6pUfYXZ1h-GlCRPMuS_n_-mIDmkDDDh_wnF-qxyhdp0wLYqMhJLngCGdUQD6obHVCYqo9-6XYojz-3WaEYLZXbtkwzDMjil8W_pEWPCsoX5cElZLsJGYjlCIeekBPHQrXB4key=s0-d-e1-ft

The United States imports more than 90% of the vanadium they need for steel strengthening and utility-scale battery storage technology. As such, the US has classified vanadium as a critical metal for its economic and national security. New domestic vanadium supply is needed to offset the nation's problematic dependency on imports from countries such as China and Russia.

In April 2019, Pistol Bay Mining Inc. (TSX.V: PST) signed an agreement to acquire a vanadium project in Nevada, USA. The 980 acres (397 hectares) land package is located in Clark County, a historical mining district with 34 reported occurrences of vanadium mineralization. With a current market capitalization of $2.3 million CAD, Pistol Bay aims to create significant shareholder value by advancing the prospect of a new vanadium district in Nevada. Pistol Bay's President and CEO, Charles Desjardins, explained the reasoning behind signing an agreement to acquire the Vanadium Claims Group (VCG) Project in Nevada:

"We are excited to make this acquisition as it provides the Company exposure to the District Scale Potential of the area for high grade Vanadium mineralization, low cost exploration as well as potential for significant by-product credits (lead, zinc, silver) from related mineralization in a district that [has] not been systematically explored for vanadium."

The mining district was mapped by the United States Geological Survey (USGS) in the 1920s. Most interestingly, the USGS report ("Geology and Ore Deposits of the Goodsprings Quadrangle, Nevada"by D. F. Hewett, 1931) includes the following remark: "Vanadates of either lead, zinc, or copper are uncommonly widespread in the district, but only a few specific determinations of the minerals were made."

The full report can be accessed with the following links:

English (web version):
https://www.rockstone-research.com/index.php/en/research-reports/5516-On-the-Road-to-a-New-Vanadium-District-in-Nevada

English (PDF)
https://www.rockstone-research.com/images/PDF/PistolBay7en.pdf

German (PDF):
https://www.rockstone-research.com/images/PDF/PistolBay7de.pdf

German (web version):
https://www.rockstone-research.com/index.php/de/research-reports/5517-Auf-dem-Weg-zu-einem-neuen-Vanadium-Distrikt-in-Nevada
IN THIS ISSUE
Report #7 on Pistol Bay Mining Inc. (TSX.V: PST; Frankfurt: 0QS2)
image: https://ci4.googleusercontent.com/proxy/JojgCxunzL-M13ujzva4xas502svNq3VpIegTMY-HBiTdDisbRUJNqhxuRxa7nGNLS6czu6jT3Oj-bzdka_vLFA7yk-7kCvYTrmR_GRUN7Ngpf-h=s0-d-e1-ft


Shares Issued and Outstanding: 50,333,822 (Market Cap.: $2.3 Million CAD)
image: https://ci4.googleusercontent.com/proxy/JojgCxunzL-M13ujzva4xas502svNq3VpIegTMY-HBiTdDisbRUJNqhxuRxa7nGNLS6czu6jT3Oj-bzdka_vLFA7yk-7kCvYTrmR_GRUN7Ngpf-h=s0-d-e1-ft


image: https://ci6.googleusercontent.com/proxy/8x-1dxzpFGDfoNWNL4cCR0RUV8bu1JZek-8dmJw7TLFwVhxKA7-Jb7NtHpKNzU4zy0-2BdgnIh-hLM9H__thrNr0PqBrQnapmp4=s0-d-e1-ft



FIND OUT MORE!
image: https://ci6.googleusercontent.com/proxy/8x-1dxzpFGDfoNWNL4cCR0RUV8bu1JZek-8dmJw7TLFwVhxKA7-Jb7NtHpKNzU4zy0-2BdgnIh-hLM9H__thrNr0PqBrQnapmp4=s0-d-e1-ft


image: https://ci4.googleusercontent.com/proxy/RHp76TBnJqPoCFkJXI-2ZJUkFLqLurqQIhEJ3YlS4-maxGETz8-M4Y5TjoYryN1r-IrBpDTDLGDToka45vQ0ZIyU8JxRLb0CDpBh2UaExwdSGIsH4VzmGLGw1evybqt_9zDHbCShiA9S=s0-d-e1-ft


image: https://ci5.googleusercontent.com/proxy/al1oXVk_v-EJRmwfOQXFgxTEUjZ9ZCRpCZqjRGyw57H6rp7_n7XywT-jMY5K8EOLkcYSPG9ShV1rZwX_1E7DoJbb1JrmhAo9ZSI_UNTKXxUtboVrPH_cRjdGxMeuVmcmzvDGQ0Tcyye1=s0-d-e1-ft



Frankfurt/Germany:
image: https://ci6.googleusercontent.com/proxy/X6SH1X-cC8gq3Uyg3J9SYQj20FbbAfAmSnTosOhbfNqp0SrzzWI19TKyWeY6HSX1K3k0-IObU35APzhZy2RGeP6wm4SdkMvpbVMqeFmv2P5mzrKS70SvERocAuBvhzLQ9hfTp-xKOyYz=s0-d-e1-ft



Contact:
Stephan Bogner (Dipl. Kfm., FH)
Rockstone Research
8260 Stein am Rhein, Switzerland
[e-mail]
www.rockstone-research.com


www.pistolbaymining.com