Mississauga, ON -- (SBWIRE) -- 06/01/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Voyageur Minerals Aiming to Change Barite Supply Dynamic."
Companies mentioned in this article include Voyageur Minerals Ltd. (TSX-Venture:VM).
Article Excerpt:
Most everyday people have probably never even heard of barite, the main source of the chemical element barium, but it is a good investment target essential to the oil and gas exploration industry and a part of more common products that touch your world daily. 7.3 million tonnes of barite were produced in 2016, with China (3.1 million tonnes), India (1.3 million tonnes) and Morocco (550,000 tonnes) being the world's top three producing countries.
Based on averages, about 5 million of the 7.3 million tonnes of the pearly mineral produced are destined to be used as a weighting agent for drilling fluids in O&G exploration. The rest is typically higher-grade barite used for other applications, including paints, automobile brakes and clutch plates and electronic devices. It's this array of uses that has analysts at Market Research Future forecasting rapid growth over the next five years.
Calgary, Canada-based Voyageur Minerals Ltd. (TSX-Venture:VM) intends to capitalize on the growth trend and change the supply chain that has Canada and the U.S. importing nearly every ounce of barite from China and India. The company has built a portfolio of three wholly-owned barium sulfate (BaSO4) deposits in the area of Radium, British Columbia.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/721/voyageur-minerals-aiming-to-change-barite-supply-dynamic.htm
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Note: AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, Frontier Consulting, Ltd. for its efforts in presenting the VM profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: http://www.allpennystocks.com/SpotLight/9/voyageur-minerals-ltd-tsx-venturevm.htm