Starts Commercial Production in Canada of Vanadium Electrolyte for Vanadium Redox Flow Batteries (VRFB)
Electrochem Technologies & Materials Inc.
Starts Commercial Production in Canada of
Vanadium Electrolyte for Vanadium Redox
Flow Batteries (VRFB)
VANCOUVER
,
March 28, 2019
/CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the
"Company") is pleased to announce that Electrochem Technologies & Materials Inc. ("Electrochem")
has begun commercial production at its facilities in
Boucherville
(
Quebec) Canada
of all-vanadium
equimolar electrolyte solutions directly from vanadium pentoxide purchased on the market by using
an electrochemical process. Production is now performed on demand using
Electrochem's proprietary VRFBEX
unit and know-how.
"The key competitive advantage of Electrochem's VRFBEX electrochemical technology relies on the
company know-how and proprietary manufacture of industrial electrodes reducing significantly the
capital expenditure and vanadium electrolyte production costs. The positive feedback received from
our end users confirms our business decision. Hence, future licensees of the VanadiumCorp-
Electrochem Processing Technology ("VEPT") could benefit from the vertical integration of
Electrochem's exclusive technology by purchasing a cost-effective alternative compared to other
commercial equipment providers. This add-on process will allow converting electrochemically large
tonnages of vanadium pentoxide from the VEPT into vanadium electrolyte." says
Francois Cardarelli
,
President of Electrochem Technologies & Materials Inc.
VanadiumCorp Resource Inc.
(
www.vanadiumcorp.com
) plans to co-develop VEPT in
Canada
and
co-license the VEPT for targeted global jurisdictions to directly recover battery grade vanadium
precursors for preparing the Vanadium Electrolyte
TM
and coproducts such as ferrous sulfate and
titanium dioxide from many sources. Jointly developed and owned with Electrochem, this innovative
chemical process allows for integrated and low carbon footprint recovery of vanadium needed on a
global scale from vanadiferous titanomagnetite "VTM", magnetite, hematite as well as steel slags,
calcine and oil residues. VanadiumCorp also holds a significant vanadium-titanium-iron bearing
resource base in mining friendly
Quebec, Canada
.
Electrochem Technologies & Materials Inc.
(
www.electrochem-technologies.com
) is a private
Canadian Corporation that currently owns twenty-four patents worldwide on proprietary chemical,
metallurgical and electrochemical technologies that are innovative, and sustainable. Commercially,
the company manufactures industrial electrodes, recycles rare earths and produces tantalum,
tungsten chemicals and vanadium electrolyte at its production facilities in
Boucherville, Qc
.
VEPT:
The jointly owned "
VanadiumCorp-Electrochem" Process Technology
("VEPT") describes a
novel chemical process invented by Dr.
Francois Cardarelli
that addresses the recovery of
vanadium, ferrous sulfate, titanium dioxide, and silica from vanadiferous feedstocks such as titano-
magnetite, iron ores and concentrates, wastes and other industrial by-products containing vanadium.
For downloading the
International PCT Patent Application
go to
https://goo.gl/N8pPfU
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
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.
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http://www.newswire.ca/en/releases/archive/March2019/28/c7370.html
%SEDAR: 00005245E
For further information:
Adriaan Bakker, President and CEO, VanadiumCorp Resource Inc. (TSX-
V: "VRB"), By phone: 1-604-385-4489, By email: [email protected], Website:
www.vanadiumcorp.com; Francois Cardarelli,
President & Owner, Electrochem Technologies &
Materials Inc., By email: [email protected], Website: www.electrochem-
technologies.com
CO: VanadiumCorp Resource Inc.
CNW 16:00e 28-MAR-19