highlights the production schedule from the Preliminary Economic Assessment (“PEA”) on its Laguna Salada Deposit, in which almost twice as much vanadium would be produced as uranium. “Vanadium prices have risen strongly in response to a supply shortfall that has been developing in the vanadium market,” said Richard Spencer, President & CEO of U3O8 Corp.  “The trigger for the recent sharp price increase was a change in policy in China that resulted in restricted access to vanadium slag and higher local production costs, coming on the back of increasing vanadium consumption, notably from the steel and battery industries.