Vendetta Mining Corp.
0.02
CAD
0.00
(0.00%)
ISIN
CA92261V1022
CUSIP
92261V102
Return %
Stock
S&P 500
1Y
200.00
14.20
3Y
-40.00
81.12
5Y
-70.00
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Michael Jeffrey Williams
- Full Time Employees
- 5
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Aug 31, 2010
- Website
- vendettaminingcorp.com
- Similar Companies
- Business
- Vendetta Mining Corp. (TSX-V: VTT) is a Canadian junior exploration company focused on the acquisition, exploration, and development of mineral properties, primarily the 100% owned Pegmont Lead-Zinc Project located in Queensland, Australia, within the Mount Isa Inlier, one of the world's premier lead-zinc belts. The company targets high-grade lead, zinc, and silver deposits at Pegmont, which features a mineral resource estimate of 5.8 million tonnes indicated grading 6.5% lead, 2.6% zinc, and 11 g/t silver, plus 8.3 million tonnes inferred grading 5.1% lead, 2.8% zinc, and 8 g/t silver; the project supports a largely open-pit mining inventory of 8.9 million tonnes with 1.7 million tonnes of high-grade underground feed, underpinned by a January 2019 preliminary economic assessment outlining average annual production of 124 million pounds of lead, 50 million pounds of zinc, and 298,000 ounces of silver over a 10-year mine life at 3,000 tonnes per day, with after-tax NPV (8%) of $158 million at spot prices and all-in sustaining cash costs of $0.71 per pound payable lead. Operations emphasize resource expansion through ongoing drilling in zones such as Zone 3, Zone 2, Zone 5, and regional targets like Killer Bore, where historic high-grade intersections include 3.0 meters at 15.44% zinc, leveraging excellent infrastructure including proximity to rail, power, and ports in a top-tier mining jurisdiction. Vendetta Mining Corp., founded prior to its public listing and headquartered in Vancouver, British Columbia, Canada, maintains its primary focus on advancing Pegmont toward production while evaluating metallurgical optimizations such as XRT ore sorting to reduce costs and environmental impact; the company holds no material subsidiaries and operates solely in Australia through the Pegmont option agreement, serving institutional and strategic investors in the base metals sector. Recent developments include the October 2024 closing of an upsized non-brokered private placement for gross proceeds of $395,000 through 39.5 million units at $0.01 each, comprising common shares and 36-month warrants exercisable at $0.05, with proceeds allocated to working capital, sustaining project fees, and accounts payable; this follows a September 2024 initial announcement upsized from $275,000 due to demand, with participation by director Michael Williams exempt under MI 61-101 related party rules. Earlier efforts encompass 2023 high-grade drilling results at Pegmont and Killer Bore, 2022 programs testing material sorting and flotation, and the May 2019 completion of Pegmont's 100% acquisition, alongside Zijin Mining Group's acquisition and exercise of warrants for strategic exposure.
Company News
Vendetta Announces Adoption of Semi-Annual Financial Reporting