Peru was once the largest producer of vanadium in the world through its mine, Mina Ragra first discovered in 1905. The mine was operational from 1906 to 1955 where is produced up to 75% of the world’s vanadium. Throughout its 49-year mine life, Mina Ragra produced over 43 kt of vanadium from a small open pit with grades of up to 7% V.
There has not been systematic country wide exploration for vanadium since the closure of Mina Ragra in 1955. Given the mining friendly jurisdiction and the low cost of grassroots staking, Strategic has applied for six concessions throughout Peru (~10,600 ha).