U.S. Securities and Exchange Commission
                             Washington, D.C. 20549


                                   Form 10-QSB

[x]  QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
     OF 1934

                 For the quarter ended September 30, 2000
--------------------------------------------------------------------------------

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT
     OF 1934
                 For the transition period from                to

Commission File No.

VANADIUM INTERNATIONAL, INC
--------------------------------------------------------------------------------
(Name of Small Business Issuer in its Charter)

          NEVADA                                          88-0402908
   ----------------------                        -------------------------------
     (State or Other Jurisdiction of             (I.R.S. Employer I.D. No.)
      incorporation or organization)

                                 2525 Sharon Way
                                 Reno, NV  89509
                          ----------------------------
                   (Address of Principle Executive Offices)

                  Issuer's Telephone Number:  (775) 826-5445

Check whether the Issuer (1) filed all reports required to be filed by section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the Company was required to file such reports). And (2) has been
subject to such filing requirements for the past 90 days.
          (1) Yes   X       No          (2)  Yes  X       No
                  ----         ----              ----        ----



<PAGE>
Page 2


                    (APPLICABLE ONLY TO CORPORATE ISSUERS)

State the number of shares outstanding of each Issuer's classes of common
equity, as of the latest practicable date:
                September 30, 2000: Common Stock - 20,981,000
                      DOCUMENTS INCORPORATED BY REFERENCE

A description of any "Documents Incorporated by Reference" is contained in Item
6 of this report.

Transitional Small Business Issuer Format    Yes           No    X
                                                 -----          -----



<PAGE>
Page 3


                         VANADIUM INTERNATIONAL, INC.
                               TABLE OF CONTENTS

PART I.     FINANCIAL INFORMATION                                           PAGE

Item 1.  Financial Statements:

Balance Sheets as of September 30, 2000 and
December 31, 1999                                                              5

Statements of Operations for the nine months ended September 30, 2000 and
September 30, 1999, for the three months ended September 30, 2000 and
September 30, 1999 and from Inception through September 30, 2000               6

Statements of Cash Flow for the nine months ended September 30, 2000 and
September 30, 1999, for the three months ended September 30, 2000 and
September 30, 1999 and from Inception through September 30, 2000               7

Statements of Stockholder's Equity for the period August 24, 1998 (Date of
Incorporation) to September 30, 2000                                           9

Notes to Financial Statements for the nine months ended September 30, 2000
and September 30, 1999, for the three months ended September 30, 2000 and
September 30, 1999 and from Inception through September 30, 2000              10

Item 2.  Management's Plan of Operations                                      11

PART II.     OTHER INFORMATION

Item 1.  Legal Proceedings                                                    13

Item 2.  Changes in Securities                                                13

Item 3.   Defaults upon Senior Securities                                     13

Item 4.   Submission of Matters to a Vote of Securities Holders
13

Item 5.   Other Information                                                  13

Item 6.   Exhibits and Reports on Form 8 - K                                 13

Signatures                                                                   13

FINANCIAL SUMMARY - EXHIBIT 27                                               14


<PAGE>
Page 4


PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements

The Financial Statements of the Company required to be filed with this 10-QSB
Quarterly Report were prepared by management and commence on the following page,
together with related Notes.  In the opinion of management, these Financial
Statements fairly present the financial condition of the Company, but should be
read in conjunction with the Financial Statements of the Company for the year
ended December 31, 1999 and for the quarters ended March 31, 2000 and June 30,
2000 previously filed with the Securities and Exchange Commission.

<PAGE>
Page 5

                          VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET


                                     ASSETS
September 30, 2000 and
 December 31, 1999
                                                            Sep. 30,   Dec. 31,
CURRENT ASSETS                                                2000       1999
   CASH                                                  $       91  $       90
   PREPAID EXPENSES                                            -           -
                                                          ---------   ---------
     TOTAL CURRENT ASSETS                                $       91  $       90

MINERAL ACQUISITIONS
   MINERAL PROPERTY                                      $  100,000  $  100,000
   DEFERRED EXPLORATION                                        -           -
                                                          ---------   ---------
     TOTAL ASSETS                                        $  100,091  $  100,090
                                                          ---------   ---------

                       LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
   ACCOUNTS PAYABLE                                      $   10,632  $   40,099
   DUE TO RELATED PARTIES                                $    1,020  $   42,885
   OTHER LIABILITIES                                     $   38,690  $     -
                                                          ---------   ---------
     TOTAL CURRENT LIABILITIES                           $   50,342  $   82,984
                                                          ---------   ---------

NOTES PAYABLE
                                                               -           -
                                                          ---------   ---------

     TOTAL LIABILITIES                                   $   50,342  $   82,984
                                                          ---------   ---------

STOCKHOLDERS' EQUITY (DEFICIENCY)

SHARE CAPITAL - NOTE 2

AUTHORIZED:

   80,000,000 common shares, $0.01 par value
   20,000,000 preferred shares, $0.01 par value
   ISSUED:
       20,981,000 common shares                          $  249,500  $  149,500


     DEFICIT ACCUMULATED DURING THE DEVELOPMENT STAGE    $ (199,751) $ (132,394)
                                                          ---------   ---------

     TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                $   49,749  $   17,106
                                                          ---------   ---------

       TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY        $  100,091  $  100,090

    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

<PAGE>
Page 6

                          VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)

                             STATEMENT OF OPERATIONS

FOR THE THREE MONTHS AND NINE MONTHS PERIODS ENDED SEPTEMBER 30, 2000 AND
SEPTEMBER 30, 1999 AND FOR THE PERIOD AUGUST 24, 1998 (INCEPTION) THROUGH
SEPTEMBER 30, 2000

                                    UNAUDITED
<TABLE>
<CAPTION>
                                        THREE        THREE            NINE            NINE            AUG 24, 1998
                                        MONTHS       MONTHS           MONTHS          MONTHS            (DATE OF
                                    ENDED SEPT   ENDED SEPT       ENDED SEPT      ENDED SEPT          INCEPTION TO
                                      30, 2000     30, 1999         30, 2000        30, 1999          SEPT 30, 2000
<S>                                 <C>          <C>              <C>             <C>                 <C>
OPERATING EXPENSES                  $   40,071   $   15,670       $   67,357      $   53,453          $  180,807

EXPLORATION & DEV                         -            -                -               -             $   18,944
                                     ---------    ---------        ---------       ---------           ---------
NET (LOSS)                          $   40,071   $   15,670       $   67,357      $   53,453             199,751

DEFICIT BEGINNING OF PERIOD            159,680       91,320          132,394          53,537                -

DEFICIT END OF PERIOD               $  199,751   $  106,990       $  199,751      $  106,990          $  199,751
                                     ---------    ---------        ---------       ---------           ---------

BASIC AND DILUTED LOSS PER SHARE    $     0.01   $     0.01       $     0.01      $     0.01          $     0.01
</TABLE>

    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

<PAGE>
Page 7

                          VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)

                            STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS AND NINE MONTHS PERIODS ENDED SEPTEMBER 30, 2000 AND
SEPTEMBER 30, 1999 AND FOR THE PERIOD AUGUST 24, 1998 (INCEPTION) THROUGH
SEPTEMBER 30, 2000

                                    UNAUDITED
<TABLE>
<CAPTION>
                                        THREE        THREE            NINE            NINE            AUG 24, 1998
                                        MONTHS       MONTHS           MONTHS          MONTHS            (DATE OF
                                    ENDED SEPT   ENDED SEPT       ENDED SEPT      ENDED SEPT          INCEPTION TO
                                      30, 2000     30, 1999         30, 2000        30, 1999          SEPT 30, 2000
<S>                                 <C>          <C>              <C>             <C>                 <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES

NET (LOSS)                          $  (40,071)  $  (15,670)      $  (67,357)     $  (53,453)         $ (199,751)

   ADD: ITEMS NOT
   AFFECTING CASH

   SHARES ISSUED
   FOR EXPL. & DEV.
                                          -            -                -               -             $   10,000
                                     ---------    ---------        ---------       ---------           ---------
                                    $  (40,071)  $  (15,670)      $  (67,357)     $  (53,453)         $ (189,751)


CHANGES IN NON-
CASH WORKING
CAPITAL ITEMS

   ACCOUNTS PAYABLE                 $    3,332   $    2,917       $  (29,467)     $   (1,775)         $   10,632

   DUE TO RELATED
   PARTIES                          $    1,020   $   12,000       $  (41,865)     $   26,504          $    1,020

   OTHER
   LIABILITIES                      $   34,918   $    3,600       $   38,690      $    7,372          $   38,690

   ACCOUNTS
   RECEIVABLE                             -            -                -               -                   -
                                     ---------    ---------        ---------       ---------           ---------

NET CASH (USED) BY
OPERATING
ACTIVITIES                          $     (801)  $   (2,847)      $  (99,999)     $  (21,352)         $ (139,409)
                                     ---------    ---------        ---------       ---------           ---------

CASH FLOW FROM
INVESTING
ACTIVITIES

<PAGE>
Page 8

   DEFERRED EXPLN
   OF MINERAL PROP.                       -      $   (3,600)            -         $   (4,775)               -

ACQUISITION OF
LICENSE FEES                              -             -               -               -             $  (50,000)

NET CASH (USED) BY
INVESTMENT
ACTIVITIES                                -      $   (3,600)            -         $   (4,775)         $  (50,000)
                                     ---------    ---------        ---------       ---------           ---------

CASH FLOWS FROM
FINANCING
ACTIVITIES

PROCEEDS FROM
ISSUANCE OF
COMMON SHARES                             -            -          $  100,000      $    9,000          $  189,500
                                     ---------    ---------        ---------       ---------           ---------

   PRIVATE
   PLACEMENT                              -            -          $  100,000            -             $  100,000
                                     ---------    ---------        ---------       ---------           ---------

NET CASH PROVIDED
BY FINANCING
ACTIVITIES

                                          -            -          $  100,000          9, 000          $  189,500
                                     ---------    ---------        ---------       ---------           ---------

NET INCREASE
(DECREASE) IN CASH                  $     (801)  $     (753)      $        1      $  (17,127)         $       91

CASH AT BEGINNING
OF PERIOD                           $      892   $    1,081       $       90      $   17,455                -

CASH AT END OF
PERIOD                              $       91   $      328       $       91      $      328          $       91
                                     ---------    ---------        ---------       ---------           ---------
</TABLE>

    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

<PAGE>
Page 9

                          VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)
                       STATEMENTS OF STOCKHOLDER'S EQUITY
     FOR THE THREE MONTHS AND NINE MONTHS PERIODS ENDED SEPTEMBER 30, 2000 AND
     SEPTEMBER 30, 1999 AND FOR THE PERIOD AUGUST 24, 1998 (INCEPTION) THROUGH
                    SEPTEMBER 30, 2000 (Stated in US Dollars)
<TABLE>
<CAPTION>

                                   Common Shares #     Par Value     Additional Paid-in         Deficit Accumulated        Total
                                   ---------------     ---------                                                           -----
                                                                                Capital                  During the
                                                                                -------
                                                                                                  Development Stage
                                                                                                  -----------------
<S>                                   <C>             <C>               <C>                            <C>            <C>
Shares issued for seed
  capital - at $0.025                    560,000      $     5,600       $     8,400                    $      -       $   14,000

Shares issued for
  property - at $0.0333                1,500,000           15,000            35,000                           -           50,000

9:1 stock dividend                    18,540,000             -                 -                              -             -

Shares issued pursuant
  to offering memorandum
  at $0.50                                83,000              830            40,670                           -           41,500

Shares issued for services
  -at $0.25                              100,000            1,000            24,000                           -           25,000

Shares issued for less
  than cost                                 -                -              (15,000)                          -          (15,000)

Shares issued for cash
  -at $0.25                              100,000            1,000            24,000                           -           25,000

Net loss for the period                     -                -                 -                           (53,537)      (53,537)

Balance,                              20,883,000           23,430           117,070                        (53,537)       86,963
  as at December 31, 1998

Shares issued for cash
  pursuant to an offering
  memorandum - at $0.50                   18,000              180             8,820                           -            9,000

Net loss for the year                       -                -                 -                           (78,857)      (78,857)

Balance,                              20,901,000           23,610           125,890                       (132,394)       17,106
  as at December 31, 1999

Shares issued for cash
  pursuant to a subscription
  agreement -at $1.25                     80,000              800            99,200                           -          100,000

Net loss for the period                     -                -                 -                           (67,357)      (67,357)
                                      ----------       ----------        ----------                     ----------     ---------
Balance,                              20,981,000      $    24,410       $   225,090                    $  (199,751)   $   49,749
                                      ==========       ==========        ==========                     ==========     =========
  as at September 30, 2000
</TABLE>

    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS

<PAGE>
Page 10

                           VANADIUM INTERNATIONAL, INC.
                         (FORMERLY U.S. VANADIUM CORP.)
                          (A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS FOR THE THREE MONTHS AND NINE MONTHS PERIODS
ENDED SEPTEMBER 30, 2000 AND SEPTEMBER 30, 1999 AND FOR THE PERIOD AUGUST 24,
1998 (INCEPTION) THROUGH SEPTEMBER 30, 2000.

1. BASIS OF PRESENTATION

   In the opinion of management, the unaudited financial statements reflect all
   normally recurring adjustments necessary to fairly present the Company's
   financial position and results of operations for the periods indicated.  The
   accompanying interim financial statements should be read in conjunction with
   the financial statements and related notes included in the Company's 10-KSB
   for the period ended December 31, 1999 and the 10QSBs for the periods ended
   March 31, 2000 and June 30, 2000, which have been filed with the Securities
   and Exchange Commission.  Certain information and footnote disclosures
   normally included in the Company's annual financial statements have been
   omitted from the quarterly financial statements based upon Securities and
   Exchange  Commissions rules and regulations.  Net loss per common and common
   equivalent share was computed based on the net loss divided by the weighted
   average number of common and common equivalent shares outstanding, unless
   antidilutive, during the year presented.

2. FINANCING

                                        Common                   Additional
                                        Shares                     Paid-in
                                          #        Par Value       Capital
                                        -------    ---------       -------
       Balance, December 31, 1999     20,901,000   $   23,610     $  125,890

       -Private Placement at
        @$1.25 per share                  80,000                     100,000
                                      ----------    --------       ---------
       Balance, September 30, 2000    20,981,000   $   23,610     $  225,890
                                      ==========    =========      =========

   The capital raised was used to fund operations.  The Company anticipates
   needing additional capital to fund operations during the upcoming year.  The
   Company intends to raise additional funds through private financings, or
   joint ventures to permit further property exploration and development of
   various properties, and to move one of its properties into the development
   and production stages within the next two years.

   On March 15, 2000 the company executed a subscription agreement in reliance
   upon the exemption from the registration requirements under the Securities
   Act of 1933, as amended ("1933 Act"), afforded by Regulation S, as
   promulgated by the Securities and Exchange Commission  under the Act.  The
   agreement was for the sale of  80,000 shares of common stock of the company
   and 80,000 common stock purchase warrants at a price of $1.25 per share and
   per warrant share exercisable at any time until the expiration of the
   warrants on the one-year anniversary of this agreement. As of June 30, 2000
   the company acknowledges receipt of $100,000 in subscription funds.

   On June 17, the company executed another subscription agreement for the sale
   of 200,000 shares of common stock of the company at a price of $1.60 per
   share, with no warrants. The subscription agreement was closed on July 31,
   2000 and the company acknowledges that no funds were received and no stock
   issued.

   On August 1, 2000 the company executed another subscription agreement in
   reliance upon the exemption from the registration requirements under the
   Securities Act of 1933, as amended ("1933 Act"), afforded by Regulation S, as
   promulgated by the Securities and Exchange Commission under the Act.  The
   agreement is for the sale of 200,000 shares of common stock of the company at
   a price of $1.60 per share, with no warrants.  The company acknowledges
   conclusion of the subscription agreement in October, 2000 and that proceeds
   totaling the amount of $320,000 have been received subsequent to the quarter
   end.

<PAGE>
Page 11

RELATED PARTY TRANSACTIONS

   a) The Company was charged the following management fees and exploration and
      development expenses by two directors of the company since inception:
                         Management Fees                        $68,000
                         Exploration and development expenses    16,819
                         Promotional & Travel
                                                                 ------
                                                                $84,819

                         As of September 30, 2000 the amount due to related
                         parties has been paid in full.

   b) The company was charged the following promotional and travel expenses by a
      shareholder since inception:

                         Promotional & Travel                   $12,103
                         Claim Fees                             $ 3,600
                         Consulting Fees                        $ 3,000
                         Office Expenses                        $ 2,180
                         Telephone                              $ 2,800
                                                                 ------
                                                                $23,683

      In addition, the company received shareholder loans during the period
      totaling $11,235.

      As of September 30, 2000 the total amount owing to the shareholder is
      $34,918.

2. DESCRIPTION OF SECURITIES

     The authorized capital of the Company consists of 80,000,000 shares of
Common Stock, par value $.01, of which 20,981,000 are outstanding.  The material
terms of the securities are as follows:

     All of the authorized common shares of the Company are of the same class
and, once issued, rank equally as to dividends, voting powers and participation
in assets. Holders of common shares are entitled to one vote for each share held
of record on all matters to be acted upon by the shareholders. Holders of common
shares are entitled to receive such dividends as may be declared from time to
time by the Board of Directors, in its discretion, out of funds legally
available therefrom.  No shares have been issued subject to call or assessment.
There are no preemptive or conversion rights and no provisions for redemption or
purchase for cancellation, surrender, or sinking or purchase funds, nor any
cumulative voting rights. The Directors of the Company may from time to time
declare and authorize payment of dividends, as they deem advisable.  Subject to
the rights of members, all dividends on shares shall be declared and paid
according to the number of shares held.  No dividends have been declared since
incorporation.  The outstanding shares are fully paid and non-assessable.

     A class of preferred stock has been authorized with a par value of $0.01.
No shares of preferred stock have been authorized for issuance by the Board of
Directors as of the date of this statement.  The rights, privileges and
preferences of any series of preferred stock shall be determined by the Board of
Directors at the time of issuance.

There is no provision in the Company's Articles of Incorporation, as amended, or
Bylaws that would delay, defer, or prevent a change in control of the Company.

Item 2. Management's Plan of Operations

     The Company is in its initial stages of exploration with no revenues or
income and is subject to all the risks inherent in the creation of a new
business.  The Company has not yet had revenues from operations. Accordingly,
the following information centers upon the Company's plan of operation.

<PAGE>
Page 12

     The Company owns the mineral rights and surface rights to three
properties on which it believes are located commercially mineable vanadium
deposits.  The three properties are referred to as the Gibellini, Bisoni, and
Bisoni-McKay properties.  The Company believes, based on a Pre-Feasibility
Report and Pro Forma Cash Flow Study for the Gibellini, Bisoni, Bisoni-McKay
Vanadium Deposits in Eureka and Nye Counties, Nevada for the Company by Jules
Pierre LaPrairie, P.E., that the three properties contain approximately 19 to 21
million tons of 0.42% vanadium pentoxide hosted within Devonian black shale
facies.

     To date, $23,719 has been spent by the company on exploration and
development expenses, including title research, claim staking and filing fees
with the State of Nevada and Counties, annual rental payments to the Bureau of
Land Management ($100 per claim), travel expenses for site visits to the
property, library research and acquisition of reports, data and investigations
from previous owners of the project.

     The Company intends to continue with exploration and development of its
properties; although, the Company's focus for the next 18 months will be to have
one of its properties move into the production stage.  Additional exploration
and development will occur on the first property to be exploited and on other
Company properties.

Major transactions and events during and subsequent to the period
-----------------------------------------------------------------
Subsequent to September 30, 2000 the company entered into a stock exchange and
plan of merger agreement with Cleartron Corporation Inc. ("Cleartron"), a Nevada
Corporation whereby the shareholders of Vanadium International Inc. will
exchange 17,000,000 outstanding shares for 100% of the outstanding shares of
Cleartron.  This transaction requires all documents to be filed with the
Secretary of the State of Nevada for the transaction to be effective.  This
submission has not yet occurred.

<PAGE>
Page 13

Liquidity

     To date the Company's activities have been financed primarily through the
sale of equity securities.  No assurance can be given that the proceeds of the
private offering of the Company's securities or any other source of funding
described above will provide sufficient funds to undertake all of the Company's
planned project expansion for the next twelve months.  It is anticipated that
significant additional funds will be required to complete the development of any
commercially viable project.  There can be no assurance that the Company will be
able to obtain such additional financing, and whether the terms of such
financing would be favorable to the Company.  Failure to obtain such financing
could be detrimental to the success of the project. No contracts or commitments
have been entered into at this time.

PART II - OTHER INFORMATION

     Item 1. Legal Proceedings.

             During the first quarter the company negotiated a reduction in the
             balance owing for legal fees which was reflected in a reduction in
             expenses during the period.

     Item 2. Changes in Securities and Use of Proceeds.

             During the first, second and third quarters of 2000, the Company
             did not issue any securities.

     Item 3. Defaults Upon Senior Securities.

             None; not applicable.

     Item 4. Submission of Matters to a Vote of Security Holders.

             None; not applicable.

     Item 5. Other Information.

             As at September 30, 2000, 320,000 share purchase options are
             outstanding.  Each warrant entitles the holder to purchase one
             additional share of the company at $0.75 per share until February
             14, 2004.

     Item 6. Exhibits and Reports on Form 8-K.

             (a) Exhibits.
                   None.

             (b) Reports on Form 8-K.
                   None

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                VANADIUM INTERNATIONAL INC
Date:     11/10/00                              By: /s/ Dennis LaPrairie
                                                President and Director

Date:     11/10/00                             By: /s/ George Weinstein
                                                Secretary/Treasurer and Director

<PAGE>