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Vanadium has multiple uses in today’s modern world from being used in vanadium re-dox flow batteries (VRFB), car charging stations, nuclear power plants and in steel manufacturing. One of the most important industrial uses of vanadium is in the hardening of steel alloys. Vanadium is one of the 35 minerals deemed critical to the US national security and economy.
Vanadium hardened steel tools
United Battery Metals Corp. (CSE: UBM) is a vanadium and uranium exploration company that strives to be the first vanadium producer in North America. The Company’s flagship project is the Wray Mesa property located in Montrose County, Colorado, USA.
The Wray Mesa Project
The Mesa Project is an exploration stage uranium-vanadium property located about 380 km from the state capital of Denver. The property consists of over 40 contiguous mining claims for a total size of about 800 acres. The claims are located on land where both the surface and mineral ownership is held by the Bureau of Land Management (BLM), part of the US Department of Interior. Resource estimation software was used to model the mineralization detected in a number of the 715 historical and 24 recent drill holes within the project area.
The results of the model run indicate a resource of approximately 85,500 short tons at an average grade of 0.16% U3O8 for a total of 271,000 pounds of contained uranium. Inferred resources total 57,400 short tons at an average grade of 0.15% U3O8 for a total of about 169,000 pounds of contained uranium. The vanadium resource for two historic mineralization areas is based on a conservative vanadium:uranium ratio of 6:1 and would be guided towards 1,626,000 (0.95% avg. grade) and 1,014,000 (0.88% avg. grade) pounds respectively.
Based on historical records, the project appears to have very good to excellent potential to host in excess of 500,000 pounds of uranium-vanadium resources with characteristics suitable for underground mining.
Soaring Vanadium prices
Vanadium prices have soared in the past year, outperforming better-known battery components like cobalt, lithium and nickel as vanadium has been in high demand due to Chinese rebar rule changes and VRFBs. Vanadium flow batteries are non-flammable, compact, and fully containerizable. They are reusable over semi-infinite cycles, discharge 100% of the stored energy, and do not degrade for more than 20 years. Vanadium batteries could start dominating the utility energy storage sector due to their proven reliability and longer battery life. What is driving prices is the tightening supply and strong orders from the steel industry, and the increase in demand for vanadium redox flow batteries.
Vanadium can also be used for treating pre-diabetes and diabetes, low blood sugar, high cholesterol, heart disease, tuberculosis, syphilis, a form of anemia, and water retention (edema). It can improve athletic performance in weight training and in some cases for preventing cancer. There is some evidence that vanadium might act like insulin, or help to increase the effects of insulin.
There is a huge scope for what this miracle metal can do and where it will influence the globes future needs. Vanadium used to be about steel hardening and it still; however with the population needing so much energy storage the future is going to be about batteries. United Battery Metals have a resource in Colorado that the world is going to need.
United Battery Metals Corp. has a market cap of C$20.5m.
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