VanadiumCorp Commences Joint Testing Program with Strategic Resources
VanadiumCorp
Commences
Joint
Testing
Program
with
Strategic
Resources
Vancouver,
British
Columbia--(Newsfile
Corp.
-
May
10,
2021)
-
VanadiumCorp
Resource
Inc.
(TSXV:
VRB)
(OTC:
VRBFF)
(FSE:
NWN)
(the
"Company",
"VanadiumCorp")
is
pleased
to
announce
it
has
commenced
joint
hydrometallurgical
testing
with
Strategic
Resources
Inc.
(TSXV:
SR)
("Strategic")using
VanadiumCorp's
patented
and
proprietary
green
recovery
process
named
the
VanadiumCorp
Electrochem
Process
Technology
("VEPT")
on
titanomagnetite
concentrate
from
Strategic's
wholly-
owned
Mustavaara
Project
in
Finland.
The
ongoing
prototype
testing
campaign
is
performed
by
Electrochem
Technologies
&
Materials
inc.
("Electrochem")
at
its
facilities
in
Boucherville,
Québec,
Canada.
It
will
test
whether
the
clean
energy
technology
from
VanadiumCorp
is
viable
on
Mustavaara's
material
and
could
provide
an
alternative
and
more
environmentally
friendly
way
to
extract
vanadium
and
iron,
versus
the
conventional
smelting
methods
evaluated
in
the
Preliminary
Economic
Assessment
for
the
Project
(see
Strategic's
news
release
dated
May
4,
2021).
Vanadium
end
products
produced
by
the
VEPT
process
favour
the
rapidly
emerging
Vanadium
Redox
Flow
Battery
industry
in
contrast
to
the
current
flowsheet,
which
produces
ferrovanadium
used
in
the
steel
industry.
In
addition,
the
processoffers
the
potential
for
commercial-grade
titanium
production
as
a
third
revenue
stream
for
the
Project.
Scott
Hicks,
CEO
and
Director
of
Strategic
Resources,
commented:
"Our
Mustavaara
project
could
substantially
benefit
from
the
addition
of
a
third
revenue
stream
and
potentially
a
lower
capital,
less
carbon
intensive
way
of
extracting
vanadium
and
iron.
Our
team
believes
in
redox
flow
batteries
and
would
be
excited
to
gear
our
project
towards
the
growing
market."
Adriaan
Bakker,
VanadiumCorp's
CEO,
commented:
"VanadiumCorp
is
excited
to
be
working
with
Strategic,
who
has
identified
the
potential
of
our
patented
green
process
technology.
As
the
Mustavaara
Project
encompasses
a
formerly
producing
vanadium-iron-
mine,
it
represents
a
potential
paradigm
shift
toward
green
metallurgical
recovery
methods.
Located
in
Finland,
sustainable
recovery
of
vanadium
and
other
critical
metals
at
Mustavaara
would
represent
an
exciting
development
in
the
region
and
the
EU."
About
VEPT
VEPT
is
a
patented
and
proprietary
chemical
process
technology
wholly
owned
by
VanadiumCorp.
Dr.
Francois
Cardarelli,
from
Electrochem
Technologies
&
Materials
Inc.,
invented
VEPT
in
2017
to
address
challenges
in
the
metallurgical
recovery
of
vanadium
from
a
variety
of
feedstocks.
The
VEPT
process
was
co-developed
by
Electrochem
and
VanadiumCorp
over
the
past
four
years
as
a
higher-yielding
alternative
to
conventional
methods
that
rely
upon
carbon-
and
energy-intensive
pyrometallurgy.
The
VEPT
process
directly
recovers
source
materials
for
the
Vanadium
Redox
Flow
Battery
industry,
such
as
vanadium
pentoxide
and
vanadyl
sulphate
both
precursors
for
producing
vanadium
electrolyte.
Yields
include
a
high-purity
titanium
by-product.
VEPT
is
patent-protected
in
the
USA
and
patent-pending
in
the
key
global
jurisdictions
of
Canada,
the
EU,
South
Africa,
Australia,
and
India.
Testing
of
the
VEPT
process
on
a
wide
range
of
vanadiferous
feedstocks
is
currently
progressing
at
the
bench
scale.
About
VanadiumCorp
VanadiumCorp
Resource
Inc.
is
an
integrated
green
technology
company
with
wholly
owned
vanadium-
titanium-iron
mineral
deposits
in
Quebec,
Canada.
VanadiumCorp
is
focused
on
commercializing
technologies
to
process
mineral
concentrates
and
produce
vanadium
electrolytes
sustainably
for
Vanadium
Redox
Flow
Battery
"VRFB"
systems.
VRFBs
are
a
100%
green
technology
from
mine
to
battery
when
hydrometallurgical
processes
produce
the
vanadium
feedstock.
VRFB
technologies
improve
renewable
energy
efficiencies
by
storing
temporary
energy
surpluses
and
feeding
them
back
into
the
electrical
grid
as
required.
On
behalf
of
the
board
of
VanadiumCorp:
Adriaan
Bakker
President
and
Chief
Executive
Officer
For
more
information:
Adriaan
Bakker
,
President
and
CEO,
VanadiumCorp
Resource
Inc.
(TSXV:
VRB)
(OTC:
VRBFF)
(FSE:
NWN)By
phone:
604-385-4489
By
email:
Website:
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
new s
release.
Cautionary
Note
Regarding
Forward-Looking
Information
Certain
statements
and
information
herein,
including
all
statements
that
are
not
historical
facts,
contain
forw ard-looking
statements
and
forw ard-looking
information
w ithin
the
meaning
of
applicable
securities
law s.
Such
forw ard-looking
statements
or
information
include
but
are
not
limited
to
statements
or
information
w ith
respect
to
future
testing
on
Mustavaara's
material
and
w hether
it
could
provide
an
alternative
and
more
environmentally
friendly
w ay
to
extract
vanadium
and
iron
versus
the
conventional
smelting
methods
contemplated
in
the
preliminary
economic
study.
Often,
but
not
alw ays,
forw ard-looking
statements
or
information
can
be
identified
by
the
use
of
w ords
such
as
"w ill"
or
"projected"
or
variations
of
those
w ords
or
statements
that
certain
actions,
events
or
results
"w ill",
"could",
"are
proposed
to",
"are
planned
to",
"are
expected
to"
or
"are
anticipated
to"
be
taken,
occur
or
be
achieved.
With
respect
to
forw ard-looking
statements
and
information
contained
herein,
the
Company
has
made
numerous
assumptions
including
among
other
things,
assumptions
about
general
business
and
economic
conditions,
the
prices
of
vanadium
and
pig
iron,
and
anticipated
costs
and
expenditures.
The
foregoing
list
of
assumptions
is
not
exhaustive.
Although
management
of
the
Company
believes
that
the
assumptions
made
and
the
expectations
represented
by
such
statements
or
information
are
reasonable,
there
can
be
no
assurance
that
a
forw ard-looking
statement
or
information
herein
w ill
prove
to
be
accurate.
Forw ard-looking
statements
and
information
by
their
nature
are
based
on
assumptions
and
involve
know n
and
unknow n
risks,
uncertainties
and
other
factors
w hich
may
cause
the
Company's
actual
results,
performance
or
achievements,
or
industry
results,
to
be
materially
different
from
any
future
results,
performance
or
achievements
expressed
or
implied
by
such
forw ard-looking
statements
or
information.
These
factors
include,
but
are
not
limited
to:
risks
associated
w ith
the
business
of
the
Company;
business
and
economic
conditions
in
the
mining
industry
generally;
the
supply
and
demand
for
labour
and
other
project
inputs;
changes
in
commodity
prices;
changes
in
interest
and
currency
exchange
rates;
risks
relating
to
inaccurate
geological
and
engineering
assumptions
(including
w ith
respect
to
the
tonnage,
grade
and
recoverability
of
reserves
and
resources);
risks
relating
to
unanticipated
operational
difficulties
(including
failure
of
equipment
or
processes
to
operate
in
accordance
w ith
specifications
or
expectations,
cost
escalation,
unavailability
of
materials
and
equipment,
government
action
or
delays
in
the
receipt
of
government
approvals,
industrial
disturbances
or
other
job
action,
and
unanticipated
events
related
to
health,
safety
and
environmental
matters);
risks
relating
to
adverse
w eather
conditions;
political
risk
and
social
unrest;
changes
in
general
economic
conditions
or
conditions
in
the
financial
markets;
and
other
risk
factors
as
detailed
from
time
to
time
in
the
Company's
continuous
disclosure
documents
filed
w ith
Canadian
securities
administrators.
The
Company
does
not
undertake
to
update
any
forw ard-looking
information,
except
in
accordance
w ith
applicable
securities
law s.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/83489