Vallée on Canadian Metals becoming a new western source of Ferrosilicon
July 21, 2015 — InvestorIntel Publisher Tracy Weslosky speaks with Hubert Vallée, the President’s Special Advisor for Canadian Metals Inc. (CSE: CME) on his recent appointment and the recent numerous news releases. Mr. Vallée is a significant appointment, having been an original member of the Consolidated Thompson management team, he describes an aggressive plan-of-action towards Canadian Metals’ completing their PEA later this year and the significance or their ferro-silicon and quartz deposit.
Tracy Weslosky: I’m so delighted to meet you because for starters I’d like to congratulate you. You’ve just joined the executive team of Canadian Metals and they had quite a coup in bringing you in. Can you tell us a little bit about your background?
Hubert Vallée: My background, basically I’m an electrical engineer. I worked more than 30 years in the iron ore. Most recently, from 2005, I was joining the first, the very first group of Consolidated Thompson and succeeded to build Bloom Lake mine site and we sold to Cliff for $5 billion dollars in 2011.
Tracy Weslosky: So, there you go. You know, I always tell our audience to watch the jockeys. With Canadian Metals you’ve been putting out a number of news releases and you’re aggressively moving forward to completing your PEA. Can you give us an update on this?
Hubert Vallée: The PEA we intend to deliver by the end of this year.
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Tracy Weslosky: And some of your members of your team have been telling me that you’re going to jump straight to your bankable feasibility study after the PEA is complete. Is that correct?
Hubert Vallée: Yes, that’s correct. We could do that because of the technology. The technologies are well proven technologies and the risk is very little.
Tracy Weslosky: I want to get right into that. Because of your technology, what do you mean by that?
Hubert Vallée: The technology that we use to produce ferrosilicon has been used for more than 100 years so we don’t have to do piloting or do testing the process. That’s why we could jump directly to the bankable feasibility study.
Tracy Weslosky: So, what is ferrosilicon?
Hubert Vallée: Ferrosilicon is used mainly to the steel production in the blast furnace. They need that product to deoxidize the iron and to produce a high-quality steel. They also use the ferrosilicon in the production of the magnesium and the stainless steel.
Tracy Weslosky: It’s my understanding that you have one of the best deposits of high-grade ferrosilicon and quartz in the world. Is that correct? …click here to access the rest of the interview
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An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>