Stratcor Continues to Produce, Market Specialty Vanadium Products

[ BACK TO NEWS RELEASE MAIN MENU ] [ HOME ]

ANNOUNCEMENT

STRATCOR, INC. CONTINUES TO PRODUCE AND MARKET SPECIALTY VANADIUM PRODUCTS

Hot Springs, Arkansas; April 15, 2010 — Effective today, the Evraz Group S.A. – which owns a majority share of Strategic Minerals Corporation (Stratcor) –consolidated its global vanadium sales and marketing activities serving the steel industry into its wholly-owned marketing organization – East Metals S.A., based in Lugano, Switzerland. The change affects the marketing of ferrovanadium, produced from Evraz' own vanadium oxide, and Nitrovan^® vanadium produced by Vametco Alloys (Pty.) Ltd. in South Africa.

As part of this consolidation, East Metals has established an independent office in Pittsburgh that will serve the company's North American steel customers. Many of the sales and technical personnel who had been serving this industry on behalf of Stratcor, Inc. have moved to East Metals (North America), LLC, to provide them with the expertise required to supply this market.

The change does not affect the rest of the Stratcor organization, which is also part of the Evraz Group. As a result, Stratcor, Inc. will continue to operate the Hot Springs, Arkansas plant and its Pittsburgh office will continue to market the products produced at Hot Springs and related facilities. Those products are primarily the master alloys used by the titanium industry and the vanadium catalysts used by the chemical industry. The sales contacts for these products will continue to be:

Vanadium Oxides and Chemicals: Bill Booher

Vanadium Aluminum, Master Alloys: Vince Rocco

Customer Service: Tammy Patton

At the same time, a limited portion of Hot Springs' vanadium-oxide production will continue to be converted to ferrovanadium and Vanox^TM vanadium used by the steel industry. The sales contacts in Pittsburgh for these products will continue to be:

Ferrovanadium, Vanox^TM Vanadium, Tungsten: Dick Wiesler

Customer Service: Tammy Patton

Stratcor welcomes customer inquiries on these products. Contact information can be found on the Contact Us page on this Web site.

April 15, 2010

For more information, contact

John Crane
telephone: (212)302-3344
email: John.Crane@stratcor.com

[ BACK TO NEWS RELEASE MAIN MENU ] [ HOME ]