ValOre Metals (VO) - Advanced Uranium Project Means Spin Out Likely

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Matthew Gordon spoke with Jim Paterson the CEO of ValOre Metals Corp. (TSX-V: VO) to discuss the company’s most recent activities.

Our previous interview: https://youtu.be/2xnRMRzPjV8

ValOre Metals Corp. is a Canadian exploration company focused on the advancement of its projects in Brazil and northern Canada. The company has a market cap of approximately CAD$ 75 million.

ValOre Metals Corp. recently announced that it had launched a strategic review of its asset portfolio. The company believes that the strategic review will give it a framework through which it will maximize the value of its primary project holdings, which include the company’s 100% owned Angilak Property uranium project located in the Nunavut Territory of Canada, and the 100% owned Pedra Branca platinum group elements (PGE) project in north-eastern Brazil. The company has formed a special committee to lead the strategic review and has also utilised its financial advisory company, Canaccord Genuity Corp., to evaluate various options that may include the sale of assets, mergers and acquisitions, the creation of a separate company to hold the assets or various other initiatives.

The company recently announced the initial trench channel sample assay results from the Ipueiras target area at the Pedra Branca PGE project. The highlights of the assay results include two of four trenches showing significant PGE mineralisation which includes 64 m at 2.68 grams per ton of palladium, platinum and gold as well as a 25 m intercept that has a mineralisation grade of 4.65 grams per ton of palladium, platinum and gold.

The company believes that it is the ideal time for it to advance its Angilak Property uranium project and has recently announced that it has commenced with an exploration program at the project. The CAD$ 11 million exploration program is aimed at further demonstrating as well as rapidly advancing the project’s district-scale potential.

0:00 - Company Overview
0:24 - Defining the Phrase “Launching Strategic Review”
1:10 - Why talk about the Uranium Project today?
2:10 - Rationale for Strategic Review
3:49 - What do we need to know about Platinum Group Metals?
5:44 - Target Audience and/or Investors of Platinum Group Metals
10:42 - PGMs High Prices Trend: Is it Hype or a Sustainable Trend?
11:43 - Robert Carpenter’s role in the Company
14:00 - What will take Priority: Palladium or Uranium?
16:47 - Angilak Property Uranium Project Map Presentation and Discussion
18:30 - Possibility of Collaboration with Other Companies
19:46 - Value Split of the Two Projects
20:21 - Plans for Recouping the Expenses
23:06 - Setting the Projects up for Success
25:14 - Projections for 2022
26:42 - Outro
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