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Ultra Power Systems Pty Ltd. Completes Final Payment to Purchase the Exclusive License for Australia for Vanadiumcorp-Electrochem Processing Technology (“VEPT”)

VanadiumCorp Resource Inc. and Electrochem Technologies & Materials Inc. have both received the final payment from Ultra Power Systems Pty Ltd (“Ultra, UPS”) as specified in the Patent Option Agreement (“POA” “Option”) to purchase the exclusive license for the jurisdiction of Australia executed November 23, 2018. With the final payment made, the parties will now proceed to finalize the terms of license.
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