A Vancouver-based mining company is one step closer to setting up a new plant in China following Beijing's approval for plans to build another facility.
Green Standard Vanadium Resources Corp. (CSE:GVM) announced Tuesday it has received the go-ahead from the Chinese government for a facility based in the country's Henan province.
The approval comes through Green Standard's 90%-owned subsidiary Xichuan Vanadium Resources Co. Ltd.
The plant is expected to boost the company's annual vanadium pentoxide output from 3,000 tonnes to 9,000 tonnes annually. The new plant will be built just five kilometres from the current production facility's location.
