Patriot holds a gross-production-linked vanadium royalty over a bitumen deposit covering 19 Alberta oil-sands leases. The royalty equals the value of 25 grams of vanadium per barrel of bitumen produced through March 21, 2039 or the end of mining, but there is no defined production timeline and Patriot has fully impaired the asset.
- Country
- Canada
- Commodity
- V
- Stage
- Discovery