VanadiumCorp is pleased to announce a non-brokered flow-through financing of up to $1 million and non-flow-through financing of up to $3 million for a total aggregate of up to $4 million. And announces new Quebec director.
VANCOUVER, BRITISH COLUMBIA – April 27, 2018. VanadiumCorp Resource Inc. (TSX-V: “VRB”) (the “Company”) pleased to announce that Francois Cardarelli, President of Electrochem Technologies & Materials Inc. (“Electrochem”) will be presenting at the Canadian Institute of Mining conference held in Chibougamau on May 2, 2018. Dr. Cardarelli will present the jointly owned patent-pending chemical process technology for recovering vanadium, iron, and titanium values from vanadiferous feedstocks. Other companies presenting include Blackrock Metals Inc. and Vanadium One Energy Corp. VanadiumCorp will also be presenting a local scholarship as part of an energy storage themed literary contest.
The VanadiumCorp-Electrochem Process Technology “VEPT” achievements to date include a prototype and semi-pilot campaign, recovery of vanadium values either as vanadyl sulfate, vanadium chemicals or vanadium pentoxide and preliminary costs and benefit analysis. VanadiumCorp would like to invite the general public to attend the CIM Evening Conference at 7pm on Wednesday, May 2, 2018 at the Chibougamau Arena, 2nd floor, Chibougamau, Quebec, Canada.
VanadiumCorp and Electrochem will meet with local stakeholders in Chibougamau including local industries, local government, and regional community representatives. Of specific interest is an April 17, 2018 news release where members of the municipal council of Chapais (near Chibougamau) indicate support of studies aimed at the construction of a gas pipeline and the establishment of the vanadium processing plant in the territory near the future ferrovanadium mine that could be built by BlackRock Metals Inc. Currently, their targeted location for the establishment of the vanadium transformation is Saguenay.
VanadiumCorp Resource Inc. is an innovative process technology and mining company dedicated to commercializing new methods to sustainably recover critical metals. The energy of tomorrow will be radically different than in the past. Innovation will prove essential to meeting the world’s growing energy needs sustainably. Vanadium electrolyte is the key to sustainable energy storage and the wide-spread deployment of renewable energy. VanadiumCorp-Electrochem Process Technology is an environmentally sustainable, high-yield, high-efficiency process for recovering vanadium, titanium, and iron values from most vanadium-bearing sources, including waste. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in mining-friendly Quebec, Canada
On behalf of the board:
Adriaan Bakker, President and Chief Executive Officer
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.