McKenzie Bay buying Soquem's Lac Dore stake

Canada's McKenzie Bay Resources Ltd. has acquired from Soquem Inc. the 20-percent stake it didn't already own in the Lac Dore vanadium-titanium project.

The company has touted the Lac Dore project in Chibougamau, Quebec, as the largest deposit of vanadium in North America and the second largest in the world, with vanadium reserves of some 5 billion pounds.

Initially, the project will produce vanadium pentoxide--ranging in purity from more than 99.6 percent for technical-grade material to more than 99.9 percent for high-grade material--and...

Published

April 24, 2003

21:19 GMT

New York