SHARE STRUCTURE. Shares issued and outstanding 12,925,000 Warrants nil Stock options granted nil Fully diluted 12,925,000 of which held by management 58% of i/o MANAGEMENT TEAM. Daniel Barrette Chairman & CEO (Director) Martin Nicoletti CPA, CGA Chief Financial Officer Toby Mayo B.Sc. (Hons), LL.B. President & COO (Director) Stanley Robinson P. Geo. VP, Exploration (Director) BOARD AND ADVISORY TEAM. Dan Hrushewsky B.Eng., MBA, CFA Director Derrick Weyrauch CPA, CA Director Pierre LaBrèque P. Eng. Senior Advisor VIRTUS MINERALS CORPORATION. 1000, De La Gauchetière Street West, Suite 2400 Montreal, Quebec, Canada H3B 4W5 Phone: +1 (514) 660-6694 E-mail: [email protected]FINAL VIRTUS MINERALS CORPORATION. CORPORATE FACT SHEET \\ 2Q 2016 VIRTUS MINERALS CORP. is a privately- held Canadian exploration company, managed by a team of experienced industry professionals with a track record of public exploration company management and project generation, with deep knowledge of global exploration and project development. Virtus is exploring and developing its 100%-owned Nemiscau, Nemiscau Vista and Cascapédia Lithium Projects in Québec, which the Company plans to advance rapidly to quickly build shareholder value, as well as seeking additional lithium projects for its portfolio. LITHIUM IS THE KEY TO ADDRESSING ISSUES OF MODERN ENERGY STORAGE TECHNOLOGY. THE BOUNDARIES OF ENERGY STORAGE ARE BEING PUSHED BY GRID-SCALE POWER STORAGE, ELECTRIC VEHICLES AND CONSUMER ELECTRONICS. ABOUT VIRTUS. VIRTUS AIMS TO GENERATE A PIPELINE OF WORLD-CLASS PROJECTS, FOCUSING ON LITHIUM IN SAFE GEOPOLITICAL REGIONS OF THE WORLD. Seed capital will be used to fund exploration on the Company’s lithium projects and as general working capital in preparation taking Virtus public. Virtus aims to capitalize on this by increasing its portfolio of lithium projects in geopolitically stable regions of the world, including more acquisitions in Québec, meanwhile exploring and developing its Nemiscau, Nemiscau Vista and Cascapédia Projects aggressively bringing near-term results and ensuring a consistent stream of news flow. 1 International Energy Agency, World Energy Outlook – Special Briefing for COP21 Lithium powers modern life. It is used in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras and hundreds of other electronic devices. Lithium-ion batteries are used increasingly for bikes, power tools and industrial equipment. Tesla have increased land holdings at their $5 billion battery production factory, currently under construction in Nevada; also in Nevada, Faraday Future are to build a $1 billion electric car plant. Unlike oil, lithium price and demand appears untouched by economic downturns due to its key role in batteries, and the ever expanding need to power our modern lives. Meanwhile, new supply of low-cost lithium is not forthcoming due to politics, capital constraints or technical and environmental issues. Spot prices for lithium in China have doubled, resetting price expectations. Meanwhile, there is projected investment in solar, wind, transportation and infrastructure of $16.5 trillion 1 by 2040.
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SHARE STRUCTURE.
Shares issued and outstanding 12,925,000
Warrants nil
Stock options granted nil
Fully diluted 12,925,000
of which held by management 58% of i/o
MANAGEMENT TEAM.
Daniel Barrette Chairman & CEO (Director)
Martin Nicoletti CPA, CGA Chief Financial Officer
Toby MayoB.Sc. (Hons), LL.B. President & COO (Director)
Stanley RobinsonP. Geo. VP, Exploration (Director)
BOARD AND ADVISORY TEAM.
Dan Hrushewsky B.Eng., MBA, CFA Director
Derrick Weyrauch CPA, CA Director
Pierre LaBrèque P. Eng. Senior Advisor
VIRTUS MINERALS CORPORATION. 1000, De La Gauchetière Street West, Suite 2400 Montreal, Quebec, Canada H3B 4W5
VIRTUS MINERALS CORP. is a privately-held Canadian exploration company, managed by a team of experienced industry professionals with a track record of public exploration company management and project generation, with deep knowledge of global exploration and project development.
Virtus is exploring and developing its 100%-owned Nemiscau, Nemiscau Vista and Cascapédia Lithium Projects in Québec, which the Company plans to advance rapidly to quickly build shareholder value, as well as seeking additional lithium projects for its portfolio.
LITHIUM IS THE KEY TO ADDRESSING ISSUES OF MODERN ENERGY STORAGE TECHNOLOGY.
THE BOUNDARIES OF ENERGY STORAGE ARE BEING PUSHED BY GRID-SCALE POWER STORAGE, ELECTRIC VEHICLES AND CONSUMER ELECTRONICS.
ABOUT VIRTUS.
VIRTUS AIMS TO GENERATE A PIPELINE OF WORLD-CLASS PROJECTS, FOCUSING ON LITHIUM IN SAFE GEOPOLITICAL REGIONS OF THE WORLD. Seed capital will be used to fund exploration on the Company’s lithium projects and as general working capital in preparation taking Virtus public.
Virtus aims to capitalize on this by increasing its portfolio of lithium projects in geopolitically stable regions of the world, including more acquisitions in Québec, meanwhile exploring and developing its Nemiscau, Nemiscau Vista and Cascapédia Projects aggressively bringing near-term results and ensuring a consistent stream of news flow.1 International Energy Agency, World Energy Outlook – Special Briefing for COP21
Lithium powers modern life. It is used in rechargeable lithium-ion batteries for electric vehicles, grid-scale energy storage, phones, laptops, cameras and hundreds of other electronic devices. Lithium-ion batteries are used increasingly for bikes, power tools and industrial equipment.
Tesla have increased land holdings at their $5 billion battery production factory, currently under construction in Nevada; also in Nevada, Faraday Future are to build a $1 billion electric car plant.
Unlike oil, lithium price and demand appears untouched by economic downturns due to its key role in batteries, and the ever expanding need to power our modern lives. Meanwhile, new supply of low-cost lithium is not forthcoming due to politics, capital constraints or technical and environmental issues. Spot prices for lithium in China have doubled, resetting price expectations.
Meanwhile, there is projected investment in solar, wind, transportation and infrastructure of $16.5 trillion1 by 2040.
NEMISCAU AND NEMISCAU VISTA, QC.
VIRTUS HOLDS 100% INTEREST IN NEMISCAU, WHICH IS HIGHLY PROSPECTIVE FOR LITHIUM AND RARE EARTH ELEMENTS.
The Nemiscau and contiguous Nemiscau Vista Project area comprises 89 claims covering 4,744 ha in the James Bay region of northern Québec. The Project is approximately 5 km along the projected northeast strike from the world-class Whabouchi Lithium Mine2, currently being developed by Nemaska Lithium Inc. (NMX.V), and covers the host Lac des Montagnes formation. Work carried out by previous operators is minimal: no drilling has yet been completed on the properties.
A two-phase exploration program is planned by Virtus over the coming field seasons. Phase I will commence this summer, with a comprehensive data review followed in the field by detailed geological mapping and sampling, with the aim of generating initial targets for follow up work.
Follow up will include magnetometer and radiometric surveys over the entire claim block. Trenching/channel sampling will be carried out where geological formations are favourable to host lithium, as well as drilling, if warranted.
Phase II, which will include additional drilling, will commence subject to results of Phase I but as soon as possible.
01 Project locations A safe geopolitical environment, Québec ranked sixth in the Fraser Institute’s 2014 rankings of attractive mining jurisdictions.
02 Nemiscau and Nemiscau Vista Project area An exceptional geological setting with attractive neighbours and geological potential—the 27.3 million tonne (P+P), 1.46% Li2O Whabouchi Mine lies less than 5 km from Nemiscau.
Spodumene, the principle lithium-bearing mineral found at Whabouchi, occurs in pegmatites hosted throughout the 7 km wide Lac des Montagnes volcano-sedimentary formation which underlies both Nemaska Lithium Inc’s property and Virtus’s Nemiscau claims.
There is no doubting the importance of lithium in our technology-driven future. We are therefore particularly excited to have acquired 100% ownership of the Nemiscau, Nemiscau Vista and Cascapédia Projects, located in prospective regions, and in a Province ranked highly for mining investment.
—Daniel Barrette, Chairman and CEO
“CASCAPÉDIA, QC.
VIRTUS HAS ALSO RECENTLY ACQUIRED A 100% INTEREST IN THE CASCAPÉDIA PROJECT, ALSO HIGHLY PROSPECTIVE FOR LITHIUM.
The Cascapédia Project, in the southern Gaspe Peninsula, comprises 14 claims covering approximately 700 ha.
The project area is underlain with Ordovician to Lower Silurian metasedimentary rocks of the Matapédia and Honorat Groups. Lithological units are limestone, shale, sandstone and conglomerates. A Geochemical survey carried out in 1988 returned anomalous lithium-in-soil values.
A preliminary interpretation concludes that the Matapédia and Honorat Groups host Lithium bearing minerals that are most likely contained within pegmatites.2 A Revised Feasibility Study (Met-Chem Canada Inc., 2016) estimated the Whabouchi Lithium Mine (Nemaska Lithium Inc., NMX.V) has Proven and Probable Reserves of 27 MT (26 year mine life). Average combined life of mine grade is 1.46% Li2O. Capital outlay estimated at C$521M with average operating cost of C$89/t of concentrate. Post-tax NPV8 estimated at C$581M, IRR 21%.
