VanadiumCorp-Electrochem Process Technology Development Planned For Australian Joint Venture 13th May 2019 VanadiumCorp News Releases TSX-V: “VRB” Click here for PDF… VANCOUVER, BRITISH COLUMBIA, May 13, 2019 – VanadiumCorp Resource Inc. (TSX-V: “VRB”) (the “Company”) applauds the Joint Venture Agreement (“JV”) signed with vertically integrated electrochemical processing and energy storage technology company Ultra Power Systems Pty Ltd (“UPS”) and Australian Vanadium Limited (ASX: AVL, “AVL”) to evaluate and develop the Coates Vanadium Project near Perth. The Coates deposit is situated approximately 35km east of the Perth metropolitan area in the Shire of Wundowie. UPS aims to produce vanadium electrolyte using a combination of a unique processing route and high-density vanadium electrolyte production. AVL has signed the JV to create value for shareholders by monetising a secondary asset and testing VanadiumCorp-Electrochem Processing Technology (“VEPT”) focused on enhancing the uptake of vanadium redox flow batteries in Australia. The Joint Venture Agreement allows for AVL to receive either $500,000 or equivalent shares in UPS. Further detail is available on AVL’s website at: https://www.australianvanadium.com.au/ Australian Vanadium is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities. AVL is advancing the development of its world-class Australian Vanadium Project. The Australian Vanadium Project is currently one of the highest-grade vanadium projects being advanced globally with 183.6Mt at 0.76% vanadium pentoxide (V₂O₅), containing a high-grade zone of 96.7Mt at 1% V2O5 with an Ore Reserve of 9.82Mt at 1.07% V2O5 Proved and 8.42Mt at 1.01% V2O5 Probable Resource, reported in compliance with the JORC Code 2012 (see ASX announcement dated 19 December 2018 ‘Gabanintha Pre-Feasibility Study and Maiden Ore Reserve’) AVL has developed a local production capacity for high-purity vanadium electrolyte, which forms a key component of VRFB. AVL, through its 100%-owned subsidiary VSUN Energy Pty Ltd, is actively marketing VRFB in Australia. Ultra Power Systems Pty Ltd. was formed for the purpose of offering next generation power and storage system solutions to capital conscious clients. The company intends to provide brand and generation agnostic solutions according to a customer’s needs, but with the core provision of a third-generation VRFB, which represents a transformational catalyst to enable the vision of blended power supply inputs on micro- and mega-grids. VanadiumCorp Resource Inc and Electrochem have a patent option agreement (POA) with Ultra Power Systems Pty Ltd. to purchase an exclusive Australian license and build a process plant for VEPT. Jointly developed and owned with Electrochem, this innovative chemical process allows for integrated and low carbon footprint recovery of vanadium, ferrous sulfate, and titanium hydrolysate needed on a global scale. VanadiumCorp also holds a significant vanadium-titanium-iron bearing resource base in mining friendly Quebec, Canada including the 100% owned Lac Dore Project adjacent to Blackrock Metals Inc. and the 100% owned Iron-T Project near the Glencore Matagami (Zinc-Copper) Mine. Electrochem Technologies & Materials Inc. is a private Canadian corporation that invents, develops, patents, scales-up and commercializes proprietary chemical, metallurgical and electrochemical technologies that are innovative, and sustainable. Electrochem currently owns twenty four patents worldwide. The company also manufactures industrial electrodes, recycles rare earths and produces tantalum and tungsten fine chemicals at its production facilities in Boucherville. 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 Website: www.vanadiumcorp.com Francois Cardarelli, President & Owner Electrochem Technologies & Materials Inc. By email: firstname.lastname@example.org Website: www.electrochem-technologies.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 ThisTweetShareShareEmail Related Posts VanadiumCorp Receives Technical Report VanadiumCorp announces that it has obtained a technical report entitled “Geological Report for the Lac Dore Vanadium Deposits, Quebec, Canada” dated October 11, 2018, prepared by B. Terrence Hennessey, P.Geo., of Micon International Ltd. Ultra Power Systems PTY Ltd. Signs Exclusive Patent Option Agreement to Purchase a License for the VanadiumCorp-Electrochem Processing Technology for Australia VanadiumCorp and Electrochem have signed a Patent Option Agreement for Ultra to purchase an exclusive license. Ultra plans to utilize the Australian license of "VEPT" to expedite construction of the world’s first dedicated vanadium processing facility. 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.