Carlin Vanadium Property Description and Ownership
The Carlin Vanadium Property consists of 150 unpatented mining claims and 80 acres of fee simple land covering 2,608 acres located in North-Central Nevada in Elko County, seven miles south of Carlin. The property has exceptional infrastructural advantages. The property is road accessible from Carlin and Elko. Carlin is a major rail hub to both coasts. Power is <3 miles from the property. The property was explored and drilled by Union Carbide Corporation (UCC) in the late 1960’s resulting in a defined vanadium resource.
The core 72 claims are owned by Golden Predator US Holding Corp. (GPUS). America’s Gold Exploration Inc. (AGEI), holds an option to acquire 100% of the Carlin Vanadium Project from GPUS which was assigned to First Vanadium through a definitive Assignment Agreement with AGEI. The terms for First Vanadium to earn 100% are present in its News Release of November 9, 2017. An additional 78 adjacent claims were staked and owned 100% by First Vanadium.