PEA Update – Vanadium Battery Electrolyte Economics 3rd February 2016 VanadiumCorp News Releases TSX-V: “VRB” Download PDF… VANCOUVER, BRITISH COLUMBIA – February 3, 2016 – VanadiumCorp Resource Inc. (TSX-V: “VRB”) (the “Company”) is pleased to announce vanadium electrolyte “VE” technology will be integrated into the Lac Dore preliminary economic assessment “PEA” in combination with conventional vanadium production methods. After ample discussion with various vanadium battery developers, the company is encouraged to target primary VE, vanadium chemicals and the V205 market to maximize competitive advantage. Unlike current production methods, primary VE technology will eliminate costly conversions of metallurgical grade pentoxide to VE as currently used by existing VE producers. Being a North American supplier would reduce costs and reduce political risk compared to the supply from other countries. Strong demand for premium vanadium products in the domestic market as well as growth and forecasts for VRB technology for grid storage, peak shaving and mobile applications will all be highlighted in the market study chapter of the Lac Dore Vanadium Project PEA. A similar market study by the Canadian government is also commencing this year. Adriaan Bakker, CEO of the company states, “The industry assumption that vanadium redox batteries will remain expensive is driven by the lack of a primary VE producer. We are confident that our approach represents a unique market opportunity for the company, as a stable supply at low cost is the key for VRB technology to succeed. Our objective is to become the key supplier for North America by integrating VE technology with a significant vanadium resource.” In 2015, the company reported an NI 43-101 inferred vanadium resource in Quebec, Canada of 621,214,000 LBs V2O5 with favorable metallurgy. At present the company is developing a business model that combines VE process development and pilot plant options. Selection of engineering firms and interested partners is underway. Details will be disclosed as they become available. More information on company activities and vanadium redox batteries, including global installations, can be found on the company’s website at www.vanadiumcorp.com. 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: firstname.lastname@example.org Website: www.vanadiumcorp.com 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. Share This Tweet Share Share Email Related Posts Lac Dore Vanadium Project Update Vanadiumcorp is pleased to announce that a potential strategic partner will visit the Lac Dore Vanadium Project site in September, 2015 along with management and IOS Geoscientifique Inc. PacificOre dissidents remind board to file AGM notice The concerned shareholders of PacificOre Mining Corp. wish to remind the current board and management of various regulatory requirements. While the board has taken some liberties in its regulatory reporting, with the most obvious examples of failing to file the proxy materials from the last annual general meeting it called on SEDAR or failing to put out a news release for the appointment of new executive officers, concerned shareholders wish to ensure this does not occur with respect to setting the date for PacficOre's AGM. VanadiumCorp Closes Second Tranche For $540,000 Vanadiumcorp is pleased to announce it has closed the 2nd tranche of the over subscribed non-brokered private placement of 9,000,000 units at a price of CDN $0.06 cents per unit for a total of CDN $540,000.