Stable, low cost VE supply would end reliance on disruptive foreign supply and decrease $/kWh of the VRFB significantly 

42% of the cost of a VRFB is the vanadium itself.  The boom and bust nature of the vanadium market and additional cost to create VE from V2O5 or byproduct have long inhibited large scale commercialization. Availability of vanadium electrolyte globally is sparse and subsequent cost has had a negative impact on the VRFB. Low cost VE = Low cost VRFB energy storage.


The 100% owned Lac Dore Vanadium Project  is an NI 43-101 vanadium resource which could make VRFB commercialization possible for the first time due to several potential cost reducing variables:

  • Direct process technology for vaandium electrolyte manufacture
  • Concurrent recovery of Iron
  • Domestic supply & Free trade
  • Low impurities
  • Favorable metallurgy
  • Infrastructure access and close proximity to mining center of Chibougamau, Quebec
  • Low cost hydro power in Quebec, Canada
  • 100% Green battery material:  Ability to reuse or recycle provides unique ability to lease vanadium (Reclaim and resell the vanadium electrolyte at end of life)
  • Exclusive market – Potential of establishing the only primary vandium supply in North American and the world's first dedicated vanadium battery electrolyte supplier 
  • Exchange rate – Cost in $CAD and vanadium sells in $USD

In the last decade, vanadium prices have stabilized, the main VRFB patent has expired and the technology has evolved dramatically, prompting several company's plans to commercialize VRFB technology. Establishing the world's first direct producer of VE is the objective of VanadiumCorp.

2017 Vanadiumcorp Part I_Page_02.jpg

Vanadium demand continues to increase by 5-7% CAGR

USA imports 100% of its vanadium (~11,000 tonnes/year)


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