Vanadium occurrences are widespread throughout Canada, however, the most common type of occurrence is vanadium contained in titaniferous magnetite. Vanadium was last produced in Canada in 1990/91 by Carbovan Inc., who recovered the material at the Fort McMurray oil refinery of Suncor Inc. in Saskatchewan during the processing of bituminous sands.

The Lac Dore’ vanadium prospect located in Quebec, Canada has the potential to host one of the world's largest vanadium deposits. In terms of size, it is only bettered by the Bushveld Complex in South Africa. Upon completion of the project, McKenzie Bay International Incorporated will become the world's second largest vanadium pentoxide producer as well as the only producer in North America. Total resources have been estimated at containing 100 Mt grading 0.486 % V₂O₅

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McKenzie Bay International Corporation

McKenzie Bay International Inc. are evaluating the Lac Dore’ Vanadium-Titanium deposit located in Quebec. The project has the potential to host one of the largest vanadium deposits outside of the Bushveld Compelx in South Africa.