MOU with Electrochem Technologies & Materials Inc.
MOU with Electrochem Technologies & Materials Inc.
TSX-V: "VRB"
VANCOUVER, Feb. 9, 2017 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is
pleased to announce it has signed a non-binding memorandum of understanding "MOU" with Quebec
based industrial company, Electrochem Technologies & Materials Inc. "Electrochem" to collaborate on
metallurgical and electrochemical technologies to produce vanadium electrolyte "VE" directly from VTM
(Vanadiferous Titaniferous Magnetite) concentrate.
Adriaan Bakker, CEO of VanadiumCorp states, "Our partnership with Electrochem will focus on the most
critical cost reducing component of vanadium batteries. Integrating exclusive vanadium supply with new
technology is the ultimate strategy to reduce cost/kWh and accelerate commercialization of vanadium
based energy storage"
The MOU will allow the companies to collaborate on a number of key strategic initiatives
including:
The development for the production of vanadium-ri ch pregnant leach solution "PLS" (VE precursor)
and other specialty high purity vanadium materials.
The development and commercialization of efficient and environmentally friendly metallurgical and
electrochemical processing technologies including the simultaneous removal of contaminant metals
and the concurrent regeneration of chemicals.
Pursue reasonable efforts to enter into a definit ive agreement within 12 months from the effective
date of signing for the non-binding MOU.
The general process & production development outline for The Lac Dore Vanadium Project:
Commence prototype testing of VanadiumCorp Vanadiferous Titaniferous Magnetite "VTM"
Demonstrate recoveries and economics in pilot testing
Commercial vanadium electrolyte manufacture
Dr. François Cardarelli, President of Electrochem comments, "Novel metallurgical and electrochemical
technologies can offer significant advantages in reducing emissions of greenhouse gases, in cost savings
and increasing efficiency. In the vanadium industry this bottleneck has inhibited Vanadium Redox Flow
Battery economics for decades. Developing a vertically integrated supply chain for VE manufacture in
Canada would be a disruptive approach for energy storage.
ELECTROCHEM TECHNOLOGIES & MATERIALS INC. is a research and development company that
invents, develops, patents, scales-up and commercialize proprietary metallurgical and electrochemical
technologies that are innovative, and sustainable. Electrochem targets the mining, metallurgical and
chemical industries, with a particular focus on the production of niobium, tantalum, tungsten, and the
recycling of rare earths, specializing in remediation, reclamation and treatment of tailings, spent acids,
leach liquor, end-of-life products, metallurgical effluents, and finally, industrial waste. Electrochem also
manufactures industrial mixed metal oxides (MMO) anodes to meet the needs of its Canadian customers
and support its own electrochemical technologies at its customers' sites worldwide and since 2016 started
the small scale processing of tantalum and tungsten by-products and concentrates for the preparation of
tantalum and tungsten chemicals. More information can be found at http://www.electrochem-
technologies.com/
VanadiumCorp is focused on the development of its 100% owned Lac Dore Vanadium Project. Favorable
metallurgy, low impurities such as silica and no superficial oxidation allow for the direct production of
high-purity VE.
More information on company activities and vanadium redox batteries, including global installations, can
be found on The Company's website at www.vanadiumcorp.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE VanadiumCorp Resource Inc.
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2017/09/c1872.html
%SEDAR: 00005245E
For further information: contact Adriaan Bakker, President and Chief Executive Officer at 604-385-
4485 or [email protected]
CO: VanadiumCorp Resource Inc.
CNW 16:09e 09-FEB-17