# VanadiumCorp Reports Results of Ambient Noise Tomography Survey at Lac Dore Vanadium Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2 Original source: https://money.tmx.com/en/quote/VRB/news/7273859847409970/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana Publisher: tmx Original announcement: 2026-04-16T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: VanadiumCorp Resource Inc. - Ticker: VRB - Exchange: TSX - Region: Québec - Primary commodity: Vanadium - Secondary commodities: Titanium, Iron ore - Document categories: Resource update, Other - Extracted: 2026-09-13 06:35:33 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary VanadiumCorp has reported results from an Ambient Noise Tomography \(ANT\) geophysical survey at the Lac Doré Vanadium Project, which suggests the known vanadium-titanium-magnetite trend may extend at depth. The company also restated a historical mineral resource estimate from 2020, which it notes is unverified and not being treated as a current resource. Reasoning: The release reports a geophysical survey that supports the exploration model, but the primary resource data provided is a historical, unverified estimate. - Positive factor: Geophysical survey suggests mineralized trend extends to depth - Positive factor: Identification of a laterally continuous low-velocity corridor coinciding with known VTM trend - Negative factor: Geophysical results are indirect and do not confirm mineralization - Negative factor: Historical resource estimate is unverified and not treated as current Facts used in scoring: 6 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The 2020 historical estimate includes an 86.91 Mt Inferred component. Evidence · text > Inferred: 86.91 Mt grading 0.40% V₂O₅ **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The resource estimate provided is from 2020 and is explicitly labeled as historical and unverified. Evidence · text > This estimate is considered a historical estimate under National Instrument 43-101. **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: The company states that a Qualified Person has not completed sufficient work to classify the historical estimate as current. Evidence · text > a Qualified Person has not completed sufficient work to classify the historical estimate as current mineral resources. ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2#fact-resource-facts-0) Lac Doré Vanadium Project · vanadium Historical result Needs review: historical\_restatement #### Identity - Project: Lac Doré Vanadium Project - Commodity: vanadium - Region: canada\_qc - Reported Region: Québec - Ticker: VRB #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:e86e999626376ad8cbdf - Deposit or zone: Lac Doré - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 214930000 - Grade: 0.4 - Grade Unit: % V₂O₅ #### Prior Estimate - Resource Date: 2020-10-27 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: This is a restatement of a 2020 historical estimate that the company has not independently verified. - Negative factor: Historical estimate - Negative factor: Unverified by current QP Evidence · text > Measured & Indicated: 214.93 Mt grading 0.40% V₂O₅, 27.1% Fe, 7.1% TiO₂ #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.5 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2#fact-resource-facts-1) Lac Doré Vanadium Project · iron\_ore Historical result Needs review: historical\_restatement #### Identity - Project: Lac Doré Vanadium Project - Commodity: iron\_ore - Region: canada\_qc - Reported Region: Québec - Ticker: VRB #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:e86e999626376ad8cbdf - Deposit or zone: Lac Doré - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 214930000 - Grade: 27.1 - Grade Unit: % #### Prior Estimate - Resource Date: 2020-10-27 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Historical iron grade from 2020 estimate. - Negative factor: Historical estimate Evidence · text > 214.93 Mt grading 0.40% V₂O₅, 27.1% Fe, 7.1% TiO₂ #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.5 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2#fact-resource-facts-2) Lac Doré Vanadium Project · titanium Historical result Needs review: historical\_restatement #### Identity - Project: Lac Doré Vanadium Project - Commodity: titanium - Region: canada\_qc - Reported Region: Québec - Ticker: VRB #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:e86e999626376ad8cbdf - Deposit or zone: Lac Doré - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 214930000 - Grade: 7.1 - Grade Unit: % TiO₂ #### Prior Estimate - Resource Date: 2020-10-27 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Historical titanium grade from 2020 estimate. - Negative factor: Historical estimate Evidence · text > 214.93 Mt grading 0.40% V₂O₅, 27.1% Fe, 7.1% TiO₂ #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2#fact-resource-facts-3) Lac Doré Vanadium Project · vanadium Historical result Needs review: historical\_restatement #### Identity - Project: Lac Doré Vanadium Project - Commodity: vanadium - Region: canada\_qc - Reported Region: Québec - Ticker: VRB #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:8b618bd5d41767576d7b - Deposit or zone: Lac Doré - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 86910000 - Grade: 0.4 - Grade Unit: % V₂O₅ #### Prior Estimate - Resource Date: 2020-10-27 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Historical inferred resource from 2020 estimate. - Negative factor: Historical estimate - Negative factor: Inferred category Evidence · text > Inferred: 86.91 Mt grading 0.40% V₂O₅, 28.0% Fe, 7.6% TiO₂ #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2#fact-resource-facts-4) Lac Doré Vanadium Project · iron\_ore Historical result Needs review: historical\_restatement #### Identity - Project: Lac Doré Vanadium Project - Commodity: iron\_ore - Region: canada\_qc - Reported Region: Québec - Ticker: VRB #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:8b618bd5d41767576d7b - Deposit or zone: Lac Doré - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 86910000 - Grade: 28 - Grade Unit: % #### Prior Estimate - Resource Date: 2020-10-27 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Historical iron grade from 2020 estimate. - Negative factor: Historical estimate Evidence · text > 86.91 Mt grading 0.40% V₂O₅, 28.0% Fe, 7.6% TiO₂ #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vanadiumcorp-reports-results-of-ambient-noise-tomography-survey-at-lac-dore-vana--14a29a00-67c4-47f9-be56-d72b0ee143f2#fact-resource-facts-5) Lac Doré Vanadium Project · titanium Historical result Needs review: historical\_restatement #### Identity - Project: Lac Doré Vanadium Project - Commodity: titanium - Region: canada\_qc - Reported Region: Québec - Ticker: VRB #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:8b618bd5d41767576d7b - Deposit or zone: Lac Doré - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 86910000 - Grade: 7.6 - Grade Unit: % TiO₂ #### Prior Estimate - Resource Date: 2020-10-27 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2020-10-27T00:00:00.000Z #### Dates - Event date: 2026-04-16T00:00:00.000Z Reasoning: Historical titanium grade from 2020 estimate. - Negative factor: Historical estimate Evidence · text > 86.91 Mt grading 0.40% V₂O₅, 28.0% Fe, 7.6% TiO₂ #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.5 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.