VanadiumCorp Forms Subsidiary and Acquires Facility for VRFB Production in Germany
VanadiumCorp Forms Subsidiary and
Acquires Facility for VRFB Production in
Germany
VANCOUVER
,
Nov. 5, 2019
/CNW/ - VanadiumCorp Resource Inc. (TSX Venture Exchange: "VRB")
("Frankfurt Stock Exchange: "NWN") ("VanadiumCorp")(the "Company") is pleased to announce it
has formed a wholly owned subsidiary of VanadiumCorp Resource Inc. focused on next generation
vanadium redox flow battery "VRFB" development in
Germany
named VanadiumCorp GmbH.
VanadiumCorp GmbH introduces XRG® as next generation energy storage technology powered by
its own supply chain. Components are both manufactured sustainably and are 100% reusable &
recyclable. With the lowest cost and carbon footprint, XRG intends to revolutionize energy projects,
renewable energy and entire power grids. The facility for planned production is now acquired in
Rastatt close to Karlsruhe,
Germany
and construction will commence this month. Partnerships
locally will provide further product evolution. XRG® is a VanadiumCorp GmbH technology. More
information is available at
www.xrg.com
.
VanadiumCorp
is developing dedicated vanadium supply and disruptive technologies for energy
storage with a 100% green mandate. More information on active projects and new vanadium energy
technologies can be found on The Company's website at
www.vanadiumcorp.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
.
Cautionary & Forward-Looking Statements
This release contains forward-looking statements. All statements other than statements of present
or historical fact are forward-looking statements, including statements with respect to the
anticipated use of Private Placement proceeds and anticipated receipt of final TSX Venture
Exchange acceptance for the Private Placement. Forward-looking statements include words or
expressions such as "will", "subject to", "expect" and other similar words or expressions. Factors
that could cause future results or events to differ materially from current expectations expressed or
implied by the forward-looking statements include general business, economic, competitive,
political and social uncertainties; the state of capital markets and risks that may impact the
Company's business, operations and financial condition. Although the Company believes that the
expectations reflected in these forward-looking statements are reasonable, undue reliance should
not be placed on them because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Additional information on these and other
factors that could affect the Company's operations and financial results are included in reports on
file with Canadian securities regulatory authorities and may be accessed through the SEDAR
website (
www.sedar.com
). We disclaim any obligation to update or revise these forward-looking
statements, except as required by applicable law.
SOURCE
VanadiumCorp Resource Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/November2019/05/c3953.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
CO: VanadiumCorp Resource Inc.
CNW 09:30e 05-NOV-19