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Victory Metals Inc. (TSXV:VMX) New Listing

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The company is headed by Paul Matysek, Executive Chairman & Director Serial, a geochemist and geologist with over 40 years of experience in the mining industry.

Additional Information:

Company: Victory Metals Inc.
Stock Symbol: CSE: VMX
Date Published: Feb 11, 2019
Transcript: Available

Video Transcript:

I’m Nadika Vizzy for Investmentpitch Media

Victory Metals Inc. is one of the latest new listing on the TSX Venture Exchange, trading under the symbol “VMX” following a reverse takeover of Ripper Oil and Gas (TSXV:RYP)

The company is headed by Paul Matysek, Executive Chairman & Director Serial, a geochemist and geologist with over 40 years of experience in the mining industry.

Since 2004 as CEO or Chairman, Mr. Matysek has primarily focused on the exploration, development and sale of five publicly listed companies, in aggregate worth over $2 billion.

Most recently, he was Executive Chairman of Lithium X Energy Corp. which was sold for $265 million in cash.

Victory Metals is advancing the Iron Point Vanadium Project, which is located 22 miles from the Town of Winnemuca, Nevada, where skilled mining personnel and suppliers are available.

The primary target area, with a high voltage transmission line running through the property and a railway line on the northern property boundary, is located a few kilometers north of Interstate 80.

In 1996, Aur Resources conducted a drill program, exploring for gold, but also assaying for vanadium.

Drill results revealed a roughly circular mineralized zone approximately 1,000 meters in diameter that
generally coincides with Newmont’s prior drill targets.

Vanadium values extend from near surface down to depths of 200 meters

In August 2018, Victory Metals sampled historical trenches within the center of the mineralized zone, revealing high vanadium grades at surface.

Vanadium mineralization is hosted by the Vinini Formation, which is exposed on the property over a strike length of 4,500 meters and average width of 700 meters.

Potential exists for substantially expanding upon the area of mineralization tested by Newmont and Aur Resources.

The company has a 73 hole, 8,400 meter, 3 rig program drilling program underway to define indicated and inferred resources to 43-101 standards and provide samples for metallurgical testing.

The company recently closed a non-brokered private placement, raising gross proceeds of $5,950,000 from the sale of 17 million shares.

The shares are trading at $0.70.

For more information about the company, please visit the company’s website www.victorymetals.ca, contact Collin Kettell, CEO, at 604-618-4919 or by email at ck@victorymetals.ca.

I’m Nadika Vizzy for Investmentpitch