Transforming the Way the Mining Sector Communicates

Announcing VRIFY’s $6M Series A Financing

We’re excited to be announcing a new growth milestone at VRIFY. With a $6M Series A raise backed by mining and technology investor partners, we’re on a mission to transform the way the mining industry communicates. Here’s why this matters in light of the energy transition and the growing shortage of critical minerals to fuel this transition, and where we’re headed next.

Share Structure

The Vallée Lithium property is located in the Province of Quebec, in Abitibi, in the townships of La Corne and Fiedmont on the NTS map 32C05. The project is located in Quebec, in the southern Abitibi Greenstone Belt center, about 100 km northeast of Rouyn-Noranda, 45 km north of Val-d'Or, 50 km northeast of Malartic, where the Canadian-Malartic Mine is located, and 30 km southeast of Amos. It is also contiguous with RB Energy's Quebec Lithium Property and close to the North American Lithium Mine. North American Lithium continues to mine the mineralized Spodumene Pegmatite dykes right up to the Jourdan claims.The area includes the southern portion of Mount Vidéo and frames Lake Legendre's North and East. There are 48 indicated cells on the map covering surveyed intra-municipal lots totaling 1997 hectares.

Jourdan also shared positive results about 5 holes, encountering lithium concentrations exceeding 0.50% Li2O. Highlights from this batch of samples was from the bottom half of hole VAL22-8-5, which encountered 0.82% Li2O over 8 m from 125.0 to 133.0 m.

Here is why you should pay more attention to the company. On March 7, both Jourdan and Sayona Mining announced a joint partnership. In case you don’t know Sayona, this is “just” a $1B mining company and a leader in lithium and graphite supply for North America’s electrification. Both businesses have decided to start an intensive exploration and development campaign to grow and define adequate mineral resources to deliver increasing tonnages to the North American Lithium (NAL) concentrator.