- LICENSE AGREEMENTS	12 Months Ended
Oct. 31, 2019
- LICENSE AGREEMENTS [Abstract]
- LICENSE AGREEMENTS	Note 5 - *LICENSE AGREEMENTS* Our assets comprise an option to acquire a 100% interest in over 30 mineral claims (The Desgrosbois Property) representing 1,789.80 hectares (4,422.69 acres) situated in Quebec (see note 8 - subsequent events). In connection with the transfer of the Desgrosbois properties, we have granted the prior owner a two percent net smelter return on all minerals extracted from the properties. If we do not renew a title prior to its expiration date, we will lose that title. If we do not complete a set Canadian dollar amount of work related to each claim prior to the expiration of the title, we will lose that title. If we complete a set Canadian dollar amount of work prior to the expiration date on a specific claim, we can renew the title for that claim by paying a fee below CDN$100 per renewal. VENTURE VANADIUM INC NOTES TO THE FINANCIAL STATEMENTS October 31, 2019 (Audited)

Tabular disclosure of significant agreements under research and development arrangements accounted for as a contract to perform research and development for others (including royalty arrangements, purchase provisions, license agreements, and commitments to provide additional funding), aggregated by similar arrangements or individually if necessary to understand the effects on the financial statements. Include also the amount of costs incurred under a research and development arrangement accounted for as a contract to perform research and development for others. Aggregation of similar arrangements by type may be appropriate. Include also the amount of compensation earned (contract income) under a research and development arrangement accounted for as a contract to perform research and development for others. Aggregation of similar arrangements by type may be appropriate.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 730
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6420387&loc=d3e23199-108380

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 730
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6420387&loc=d3e23221-108380

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