Sector NewswireTM

Sector: Mining - Metals and Minerals   :

 

News Release -  December 11, 2015 4:31 PM ET 

 

 

VanadiumCorp Resource Inc. Enters MOU with Leading Manufacturer of Vanadium Flow Batteries

 

• Bottling the Sunshine -- Demand for Disruptive Technology has Potential to Go Vertical (see related 4 min. video of technology below)

 

NEW YORK, NY, December 11, 2015 /Sector Newswire/ - VanadiumCorp Resource Inc. (TSX-V: VRB) (OTC Listing: APAFF) this week announced it has entered into a Memorandum of Understanding (MOU) with a leading North American vanadium flow battery manufacturer. Over the coming decade it is expected that demand for vanadium batteries will dwarf conventional lithium and traditional lead-acid technology by utilities seeking safe, long-running, affordable, and flexible grid storage solutions; energy storage systems that employ Vanadium electrochemical flow cell systems/capacitors, also known as redox flow cells, are the key to providing stability for smart-grid systems that rely on renewable energies that fluctuate (e.g. wind and solar) yet have energy demand draw that needs to be filled instantaneously, often at low energy production times. Demand increases for Vanadium based batteries are not limited to utilities, their superior characteristics and increased popularity are expected by many to gain mainstream acceptance that could rival their use in applications currently being fulfilled by other mediums, and are also expected to spawn new application.

 

High-grade Vanadium resources are uncommon and are highly coveted assets to anxious global industrial manufactures looking to ensure they have adequate stable supplies of Vanadium to satisfy demands for what appears to be the next wave of high-tech energy storage devices to dominate the globe. Signing a MOU is the first step in a major manufacturer looking to control its Vanadium supply chain -- investors positioned now in VRB.V are poised to take advantage of VanadiumCorp's potential to become the 1st large scale primary Vanadium producer in North America. Additionally, the Company has a vision to become the lowest cost, primary producer of Vanadium in the world. Trading with a market cap under $7 million (Canadian -- 199.9M shares outstanding X 3 cents), shares of VRB.V are poised for substantial upside revaluation as interest for its flagship Vanadium properties rise.

 

Flagship properties:

  • Lac Dore Vanadium Project - 99.1 Mt @ 0.43% V2O5 (Inferred) NI 43-101 Resource

  • Iron-T Vanadium Project - 14.38 Mt @ 0.42% V2O5 (Inferred) NI 43-101 Resource

Company highlights:

  • 100% owned Vanadium projects in a safe jurisdiction (Quebec, Canada)

  • 99.1Mt @ 0.43% V2O5 (Inferred) resource estimate

  • Open at depth and along strike

  • Advantage of purity, grade and metallurgy

  • Flagship Lac Dore Project NI-43 101 Technical Report Complete

  • Close to all Infrastructure (Road, Rail, 161Kv Power, Workforce, Water, Airport)

  • Similar development stage project in place for long term growth

  • Local development and potential beneficiation aimed at strengthening Canadian economy

  • Experienced management with expertise in Vanadium and operations

  • Strong investor base

  • Capitalizing on market demand and supply instability in strategic and industrial metals

  • Market outlook for Vanadium is strong and increasing Vanadium applications has both environmental and economic benefit

 

Excerpt of VanadiumCorp's most recent news:

 

VanadiumCorp signs Memorandum of Understanding with leading North American Flow Battery Manufacturer

 

VANCOUVER, BRITISH COLUMBIA -- (Dec. 10, 2015) - VanadiumCorp Resource Inc. (TSX-V: "VRB") (the "Company") is pleased to announce it has signed a Memorandum of Understanding ("MOU") with a leading North American vanadium flow battery manufacturer.

 

VanadiumCorp and the manufacturer share a vision for the accelerated commercialization of vanadium flow batteries (VFBs) and agree to work together to foster development and acceptance of the VFBs in the marketplace. Significant growth is forecast for grid-scale energy storage applications in North America in the near term and VFBs are expected to play a key role in this market. Their long-life characteristics and scalability make them ideal for  integration with renewable energy sources like solar or wind power to reduce greenhouse gas (GHG) emissions and strengthen grid reliability.

Development of a long term, reliable source of vanadium at stable prices would accelerate VFB commercialization, resulting in increased demand for vanadium.

 

For further information, contact Adriaan Bakker, President and Chief Executive Officer at 604-385-4485 or info@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 release.

...click here for full copy from source

 

Sector Newswire has identified the following research links for additional DD on Discovery Ventures Inc.:

 

  • VanadiumCorp Resource Inc. corporate website: http://www.vanadiumcorp.com
  • SEDAR Filings for VanadiumCorp: http://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00005245

 

 

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.

 

 

SOURCE: Sector Newswire editorial

editorial@SectorNewswire.com

 

 

 

  

Additional Disclaimer and Disclosure I Contact I Terms and Conditions I Copyright I Privacy Policy