Iron ore, vanadium and titanium miner PacificOre Mining Corp. (CVE:PC)(OTCQX:APAFF) announced the appointment of Josh Kalter to the company’s advisory board Wednesday.
"Josh is one of the Vanadium sector’s foremost leaders," said the chairman of PacificOre, Prestige Mining and Power Vanadium, Patrick D. O’Brien.
"His participation in our goal of bringing the Lac Dore and Iron-T projects to production is a key strategic move as we now move to build a very strong global team. Other very key international appointments are pending."
Shares were up 16.67 per cent to 7 cents Wednesday afternoon.
Kalter brings PacificOre and its subsidiaries, Prestige Mining, and Power Vanadium, experience and contacts as PacificOre is in the process of strengthening its management and advisory team.
Kalter purchased the operations of Canada’s Masterloy Products company in April 2010.
The company converts vanadium and molybdenum oxides into ferrovanadium and ferromolybdenum, respectively. The plant has a history of supplying the steel industry with its ferroalloy needs.
In January 2009, Kalter began an investment banking group for The Dalmore Group that raises funds for junior mining operations across the globe. Prior to this, in May 2004, he established Network Metals, a metals, ores, and alloys import and distribution company.
He has experience with the set-up and management of hedging programs for LME and Comex - matched with physical trading of non-ferrous metals and concentrates.
He has also worked in New York and London for international commodity firms, Philipp Brothers and Metallgesellschaft.
"The Iron T and Lac Dore projects offer the markets intriguing possibilities and I am happy to lend my expertise towards bringing those projects into production," said Kalter.
PacificOre owns and controls a number of vanadium assets in North America. The company changed its name at the end of May from Apella Resources.
The move was part of the company's global corporate strategy to boost its marketability and branding worldwide.
The company said the aim is to "clearly distinguish the company from existing and potential competitors in the iron ore, vanadium and titanium space."
Earlier this year, the miner decided on a strategy of placing three of its vanadium-iron-titanium assets - the Lac Dore/Lac Dore North project, the Iron-T project and the Game Changer project - into wholly-owned subsidiaries dedicated primarily to that particular asset.
In April, PacificOre announced that exploration work at its Lac Dore iron-titanium and vanadium property was progressing right on schedule.
The Lac Dore project consists of 42 contiguous mineral claims covering an area of 1.6 million acres located in the Rinfret and Lemoine townships, 70 kilometres south-east of the town of Chibougamau, Quebec.
The company expects the first phase or two of diamond drilling, upon completion, to bring the Lac Dore Project to pre-feasibility study level.