Apella Resources joins Chinese trade delegation, adds Chu to board
Junior miner Apella Resources (CVE:APA) said Monday it will join Quebec's current trade delegation to China to promote mineral exploration and mining projects.
The delegation, which is being led by Quebec's Premier, Jean Charest, will be promoting co-operation and participation in mineral exploration and mining projects in Quebec.
The delegation is currently in Beijing and will be in China until Sept. 3. The delegation is set to visit Beijing, Shenyang as well as Shanghai.
The company said it will meet with major Chinese steel makers, mining companies as well as investment houses to discuss the development of its Lac Dore Vanadium-Iron-Titanium projects situated in Quebec.
The Lac Dore projects consists of 42 adjacent mineral claims covering an area of 650.22 hectares and rests in the Rinfret and Lemoine townships, 70 kilometres south-east of the town Chibougamau.
Separately, Apella also announced it has appointed Christopher Chu to the board of directors and as general counsel for the company.
Apella, which owns potentially the largest vanadium assets in North America, and perhaps the largest combined resource of vanadium in the world, develops vanadium-iron-titanium deposits.
Vanadium is an essential element in high-quality steel and also plays a role in energy storage and green technology.
The Vancouver-based company's stocks jumped 5 cents, or 3.70%, to $0.140 Monday late afternoon on the Toronto Stock Exchange.
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