VanadiumCorp Closes First Tranche of $1 Million Private Placement
VANCOUVER, BRITISH COLUMBIA – February 21, 2017 – VanadiumCorp Resource Inc. (TSX-V: “VRB”) (the “Company”) is pleased to announce Dr. Gilles Y. Champagne has joined the advisory board of VanadiumCorp. Gilles currently works as senior consultant in energy storage in Europe where demand for Vanadium Redox Flow Batteries is high.Dr. Champagne has over 25 years’ experience driving innovations to market and has held several positions in mature and early-stage companies in Canada, the US and Europe, structuring organizations, directing technical activities and managing teams that develop and build energy storage products and analytical equipment. Dr. Champagne’s previous position was VP Engineering and Development at Imergy Power Systems Inc. in Silicon Valley, which was developing a unique high efficiency, stationary energy storage battery using innovative vanadium “V/V” flow battery technology. Under his leadership, Imergy delivered its first commercial shipment of vanadium based ESP units to India Telecom customers.Prior to joining Imergy, Dr. Champagne was CTO of Nanotecture Ltd, a UK based start-up; Nanotecture developed nano-structured electrode material and built supercapacitor for truck-start application. He has held several other positions including Director of Technology of Avestor Inc (Lithium Polymer battery for electric vehicle), Managing Director of EH2 Inc (Hydrogen technology) and Director of Research and Engineering of ABB Bomen Inc (Industrial FT-IR spectrometer).
Dr. Champagne holds a Ph.D. in Electrochemistry from the Institute National de la Recherche Scientifique made in collaboration with the University of California-Davis and a Master’s degree in the same field from Sherbooke University. He has authored over 40 scientific publications, industrial reports/white papers and patents.
VanadiumCorp is an emerging battery materials company developing a vertically integrated “mine to technology supply stream” to commercialize vanadium batteries in North America. VanadiumCorp is developing direct production technology to process it’s 100% owned NI 43-101 VTM resources. The market opportunity is significant as North America has no current primary producer of vanadium or VE. Eliminating the need for conventional roasting of VTM has allowed for the consideration of a highly efficient, environmentally friendly process. VE represents 100% reusable clean energy.
Dr. Champagne comments: “The energy storage sector is fascinating and the potential promise is huge. The Vanadium redox flow battery has the potential to revolutionize the way we manage our global power grids, providing more value to customers. As the storage industry matures, improved battery performances contribute to lowering cost. With as much as 40% of the battery cost being for the vanadium electrolyte alone, VanadiumCorp expertise and offering is quite compelling for worldwide industry.”
On behalf of the board of VanadiumCorp:
Adriaan Bakker, President and Chief Executive Officer
For more information, contact VanadiumCorp:
John Hewlett, Director, Business Development
By phone: 604-560-8251
By email: email@example.com
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