VanadiumCorp & Electrochem Expand the Intellectual Property Portfolio into the European Union
VanadiumCorp & Electrochem Expand the
Intellectual Property Portfolio into the
European Union
TSX-V: "VRB"
VANCOUVER
,
Oct. 17, 2019
/CNW/ - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the
"Company") and Electrochem Technologies & Materials Inc. ("Electrochem") are pleased to
announce the National Entry phase in the European Union for the jointly owned VanadiumCorp-
Electrochem Processing Technology ('VEPT") with the international patent application: WO
2018/152628 – "METALLURGICAL AND CHEMICAL PROCESSES FOR RECOVERING
VANADIUM AND IRON VALUES FROM VANADIFEROUS TITANOMAGNETITE AND
VANADIFEROUS FEEDSTOCKS".
Select jurisdictions
where the patent protection for VEPT is filed and pending are:
European Union [18757453.8]
Canada
[CA 3032329]
United States
[16/322,642]
Australia
[AU 2018225820]
India
[201917004662]
South Africa
[2019/00743]
"Filing the National Phase Entry in
Europe
is the final and most significant milestone for VEPT
essential to our developments in
Europe
that will integrate vanadium produced sustainably and
directly into vanadium redox flow batteries to mitigate the cost and carbon footprint of energy
storage." Stated
Adriaan Bakker
, CEO and President of VanadiumCorp.
"The National Entry Phase in
Europe
is a mandatory step towards commercialization of
VanadiumCorp-Electrochem Processing Technology and compliments the recent validation and grant
of our patented zero-carbon iron making process in the EU, successfully tested by our European
customers, strengthens Electrochem's unique intellectual property position for implementing future
integrated plants in that key jurisdiction." Stated Dr.
Francois Cardarelli
, President of Electrochem.
The jointly owned VEPT is a novel chemical process invented by Dr.
Francois Cardarelli
consists of
digesting vanadiferous feedstocks into concentrated sulfuric acid. The technology addresses the
recovery of vanadium pentoxide, vanadyl sulfate, ferrous sulfate, titanium hydrolysate, and silica
from feedstocks such as vanadiferous titano-magnetite, iron ores and concentrates such as
magnetite and hematite, vanadium industrial wastes such as BOF-slags, and other industrial by-
products also containing vanadium.
VanadiumCorp Resource Inc.
is developing a dedicated supply chain for clean energy storage with
clean energy resources and clean energy technologies. The VanadiumCorp resource base includes
the 100% owned Lac Doré and Iron-T Vanadium Project both located in mining friendly
Quebec,
Canada
. VanadiumCorp's active projects are strategically located in jurisdictions like
Quebec
where
access to low cost clean power, vanadium supply, workforce and infrastructure support the potential
for a new vanadium based battery industry to lead the transition to renewable energy and
modernization of the power grid.
Electrochem Technologies & Materials Inc.
is a private Canadian Corporation that currently owns
twenty four patents worldwide on proprietary and sustainable chemical, metallurgical and green
electrochemical technologies. Commercially, the company manufactures industrial electrodes,
produces tantalum and tungsten chemicals and also produces vanadium redox flow battery
electrolyte at its facilities in
Boucherville
. For more information please visit
www.electrochem-technologies.com
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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%SEDAR: 00005245E
For further information:
Adriaan Bakker, President and CEO, VanadiumCorp Resource Inc. (TSX-
V: "VRB"), By phone: 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 09:00e 17-OCT-19