American Vanadium Corp., formerly Rocky Mountain Resources Corp., is a Canada-based junior mining company. As of November 30, 2010, the Company’s main focus was the development of its Gibellini Project, located in Eureka County, Nevada. In June 2010, the Company initiated a bulk sampling program, comprising collection of samples from both oxide, and transition vanadium zones from four different trenches on the project, and a diamond drill program, which was two-phased. On September 9, 2010, the Company announced that it initiated a feasibility study of its Gibellini Project. In November 2009, the Company sold its interest in the Paris Hills mineral property to Stonegate Agricom Ltd (Stonegate). On September 29, 2010 the Company announced the acquisition of the Del Rio Property, a new vanadium project located approximately eight miles south of the Gibellini Project.
Western Lithium and Rocky Mountain Resources scrap merger deal
10th Nov 2009, 4:44 pm
Western Lithium Canada Corp (TSX-V: WLC) and Rocky Mountain Resources Corp (TSX-V: RKY) have terminated their planned C$9.1 million merger deal announced late October 2009.
The joint statement did not provide reasons for the move. Western Lithium was to acquire Rocky Mountain’s entire issued share capital.
Under their deal Western Lithium had until Tuesday, November 10, to negotiate an exclusive definitive transaction and complete due diligence on its friendly takeover of Rocky Mountain.
Western Lithium is developing the Kings Valley, Nevada, deposit of lithium, used for batteries and consumer electronics and hybrid-electric vehicles.
Rocky Mountain is an industrial metal and minerals exploration and development company whose primary asset is the Gibellini development stage vanadium project in Nevada.
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