Vanadiumcorp Electrolyte Approved BY Major Battery Manufacturer Cellcube
VANADIUMCORP ELECTROLYTE APPROVED BY MAJOR BATTERY MANUFACTURER CELLCUBE
Vancouver, British Columbia – The NewsWire -- 6 November 2024 – VanadiumCorp Resource Inc. (TSX-V: VRB)
(FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company") is pleased to announce that a sample of the
vanadium electrolyte produced by the Company at its plant in Val -des-Sources, Quebec, has been approved as
meeting the high technical specifications of CellCube, a leading international manufacturer of vanadium flow
batteries (“VFB”). The next step in the roll -out of VanadiumCorp’s product will be confirmation of the
performance of greater quantities of VanadiumCorp’s electrolyte in the VFBs of CellCube.
Ian Mallory, Chairman and CEO of VanadimCorp, stated “ Electrolyte is a key component for V FBs. We are
delighted that a world leader in the deployment of VFBs has approved our product. As VanadiumCorp begins the
procurement process with CellCube, we are also seeking external investment to strengthen our business
strategy within the VFB supply chain. Our primary focus is to provide a reliable supply of the highest quality of
vanadium elec trolyte for VFBs in the North American and European markets. These innovative batteries
provide cost-effective and dependable long -duration energy storage solutions, catering to the needs of
commercial, industrial, and utility customers.”
Fabio Denner, CTO of CellCube said “Following a thorough evaluation, VanadiumCorp's vanadium electrolyte has
successfully met our rigorous standards, demonstrating its compatibility with our precise specifications. We are
pleased to endorse this product as a valuable component in our VFB systems and look forward to further
collaboration to drive forward dependable energy storage solutions.”
About VanadiumCorp Resource Inc.
VanadiumCorp Resource Inc. is engaged in the production of high -quality vanadium electrolytes for the
expanding international market for long -duration Vanadium Flow Batteries (VFB). The Company's pilot plant
facility is based in Val -des-Sources, Québec. The Company is also advancing technologies for the production of
the strategic V-Ti and potentially high grade Fe located at its vanadiferous titanomagnetite projects, including at
its flagship Lac Doré deposit near Chibougamau, Québec. The successful deployment of these technologies would
enable stable, long-term access to the Company’s deposits of critical metals, including vanadium feedstock for
the production of electrolytes by the Company.
Chief Operating Officer and Director Gilles Dupuis, P. Eng. is the qualified person (as defined in NI 43-101) who
has reviewed this news release.
On behalf of the Board of VanadiumCorp Resource Inc.
Ian Mallory
Chairman and CEO
Phone: +1.514.416.1749
Company contact information:
3 rue du Boisé,
Marieville, Québec J3M 1S7 Canada
2
Email: [email protected] Website: www.vanadiumcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY
SECURITIES DESCRIBED IN IT.
Forward-Looking Statements
This document may contain forward -looking statements (including "forward -looking information" within the
meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the US
Private Securities Litigation Reform Act o f 1995) regarding, among other things, VanadiumCorp's business. and
the environment in which it operates. In general, forward -looking statements can be identified by the use of
words such as "anticipates", "expects" or "does not expect", "is expected", "bu dget", "forecast", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and
phrases or statements that certain actions, events or results "may", "could", "would", "could" or "will be taken",
"occur" or "will be achieved". VanadiumCorp relies on a number of assumptions and estimates to make these
forward-looking statements, including, without limitation, the ability to acquire the necessary permits and
authorizations to advance the Lac Doré property to the production stage, the ability to add to existing resources
at Lac Doré through drilling, the costs associated with the development and operation of its properties. These
assumptions and estimates are made in light of forecasts and condition s that are considered relevant and
reasonable based on available information and current circumstances. A number of risk factors may cause actual
results, level of activity, performance or results of such exploration and/or mine development to differ materially
from those expressed or implied by such forward-looking statements, including, without limitation, whether such
discoveries will result in commercially viable quantities of such mineralized materials, the ability to modify
project parameters as plans continue to be refined, the ability to execute planned future exploration and drilling
programs, the need for additional financing to continue exploration and development efforts, changes in general
economic, market and business conditions, and other risks outlined in VanadiumCorp's latest Annual Information
Form under the heading "Risk Factors" and in its other public documents. Forward -looking statements are not
guarantees of future performance and such information is inherently subject to known and unkn own risks,
uncertainties and other factors that are difficult to predict and that may be beyond VanadiumCorp's control.
Although VanadiumCorp has attempted to identify important risks and factors that could cause actual actions,
events or results to differ materially from those described in the forward-looking statements, there may be other
factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly,
undue reliance should not be placed on these forwar d-looking statements. In addition, all forward -looking
statements in this press release are made as of the date of this press release. VanadiumCorp disclaims any
intention or obligation to update or revise any forward -looking statements, whether as a resul t of new
information, future events or otherwise, except as required by applicable securities laws.
The forward-looking statements contained herein are expressly qualified by this disclaimer.
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