Vanadium One Energy Corp. announced that it has fulfilled its CAD 1,000,000 financial commitment for exploration expenditures to Chibougamau Independent Mines Inc.(CIM) in accordance with the Option to Purchase Agreement dated September 29, 2016 and amended on October 14, 2016. As a result, Vanadium One Energy Corp. will acquire title to 100% of all 37 claims of the Mont Sorcier Magnetite Iron Ore and Vanadium Project. The transfer of claim ownership is in progress and will be completed in due course.