Vanadiumcorp’S Electrolyte Plant Approved FOR Shipment to Quebec
VANADIUMCORP’S ELECTROLYTE PLANT APPROVED FOR SHIPMENT TO QUEBEC
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.
Vancouver, British Columbia – December 12, 2023 – VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC:
VRBFF) ("VanadiumCorp" or the "Company") is pleased to announce that, last week, VanadiumCorp team completed
the inspection of its assembled Plant No. 1 at the UK facility of C-Tech Innovation Ltd. The engineering design
specified their proprietary C-Flow™ electrolyzer design because no additional chemicals are added during the
manufacturing process, ensuring a high-purity electrolyte output.
The VanadiumCorp team inspected the assembled equipment and approved it for transport to Val-des-Sources,
Québec. Upon arrival the plant will be re-assembled and commissioned. Operator training and full commissioning is
planned for Q1 2024.
During the UK inspection with C-Tech engineers, the VanadiumCorp team held several technical meetings:
• During the review of the Plant No. 1 process, the throughput was confirmed at 300,000 litres/year of
electrolyte. With additional weekly process batching, output can exceed 350,000 litres/year.
• Additional consultation was held on the pre-engineering design of VanadiumCorp’s Plant No. 2, presently
scoped at 4 million litres/year, sufficient to provision some 76 MWh of Vanadium Flow Battery (“VFB”) energy
storage per year. The Company is now reviewing a specific industrial site with favourable synergies, also
located in Québec.
Nikkie Cooke, General Manager, C-Tech Innovation Ltd stated:
“C-Tech Innovation is pleased to support VanadiumCorp with the delivery of a bespoke 300,000 litres/year
vanadium electrolyte plant based on our proprietary C-Flow™ electrolyser design. Moving forward, we are excited
to be part of the team working on the first phase deployment of a 4 million litres/year production facility in 2024.”
VanadiumCorp is pleased with the C-Tech team collaboration on both Plant No. 1 and on the scoping of its second
plant. Upon site and partner selection, a detailed engineering and economic study of Plant No. 2 is anticipated to
commence in Q2 2024.
On behalf of the Board of VanadiumCorp Resource Inc.
Paul McGuigan, P. Geo.
Director, Chief Executive Officer
Company contact information:
Suite 303 - 5455 West Boulevard
Vancouver, British Columbia V6M 3W5
Canada
+1.604.970.3278
Email: [email protected]
3 rue de Boisé,
Marieville, Québec J3M 1S7
Canada
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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NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE
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 of 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", "budget", "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 conditions 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 unknown 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 forward-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 result 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.