Taking Advantage of the High Demand for Energy Metals
Morgan Good, President & CEO of Delrey Metals talks about the company’s current focus, vanadium.
“The main focus of Delrey Metals is to source, finance and develop undervalued strategic energy metal assets. Delrey’s main commodity focus right now is the energy metals sector but in particular vanadium. Just recently in the last year or so China has implemented new standards for their steel manufacturing and steel rebar so, more alloys from vanadium is required to strengthen the steel. That plus the vanadium battery market has been increasing in size as well, that’s why we like it. The key projects in the company are all in British Columbia. The two main projects are the Porscher and the Blackie. Both of which are titaniferous magnetite hosted iron deposits with a vanadium focus. They’re projects that require some geophysics to start prior to our first drill program. The future plans of the company are to acquire further assets. We are currently in the process of negotiating two in particular in different jurisdictions both of which are more advanced than the assets within the company today that I think will certainly be looked at as company makers. At Delrey Metals we just recently IPO’d. We’ve got a great share structure and something unique about the company is that collectively we’ve got nearly 50 years of experience with our core management people. And we put a focus on our shareholders liquidity, energy and we only got a six million dollar market cap. We believe that the energy metals sector is going to strengthen over the coming years particularly in vanadium.” – Morgan Good, President & CEO of Delrey Metals
Delrey Metals Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties, specifically in the strategic energy minerals space. The Company has an option agreement to purchase a 100% interest in the highly prospective Sunset property situated in the Vancouver Mining Division and located near Pemberton, British Columbia. In addition to its acquisition of the Star, Porcher, Blackie, and Peneece Vanadium properties in BC, Delrey intends to review and acquire projects showing potential for materials used in the energy storage and electric vehicle markets. Delrey is based in Vancouver, British Columbia, and is listed on the CSE under the symbol “DLRY” and on the FSE under the symbol “1OZ”.
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