{"id":25003,"date":"2020-12-02T07:39:45","date_gmt":"2020-12-02T15:39:45","guid":{"rendered":"https:\/\/www.vanadiumcorp.com\/?p=25003"},"modified":"2021-12-29T12:34:18","modified_gmt":"2021-12-29T20:34:18","slug":"vanadiumcorp-awarded-notice-of-allowance-from-the-us-patent-and-trademark-office-for-vanadiumcorp-electrochem-processing-technology-vept","status":"publish","type":"post","link":"https:\/\/www.vanadiumcorp.com\/releases\/vanadiumcorp-awarded-notice-of-allowance-from-the-us-patent-and-trademark-office-for-vanadiumcorp-electrochem-processing-technology-vept\/","title":{"rendered":"VanadiumCorp Awarded Notice of Allowance From the  US Patent and Trademark Office for  VanadiumCorp-Electrochem Processing Technology (\u201cVEPT&#8221;)"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p><a href=\"https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/2020-12-02-VRB-Awarded-Notice-of-Allowance-From-the-US-Patent-and-Trademark-Office.pdf\"><strong>Download PDF&#8230;<\/strong><\/a><\/p>\n<p>VANCOUVER, BRITISH COLUMBIA, December 2, 2020 &#8211; VanadiumCorp Resource Inc. (TSX VENTURE: &#8220;VRB&#8221;) (OTCBB:&#8221;APAFF&#8221;) (FRANKFURT:&#8221;NWN&#8221;) (the &#8220;Company&#8221;) is pleased to announce that the US Patent &amp; Trademark Office (USPTO) has issued a notice of allowance for the US Patent Application invented by Dr. Francois Cardarelli referenced US 2020\/0157696 A1 and entitled \u201cMetallurgical and Chemical Process For Recovering Vanadium And Iron Values From Vanadiferous Titanomagnetite and Vanadiferous Feedstocks.\u201d<\/p>\n<p>Adriaan Bakker, VanadiumCorp&#8217;s Chief Executive Officer, commented, \u201cStrengthening our Intellectual Property Portfolio \u201cIP\u201d is integral to our business strategy as we move forward with commercialization plans in 2021. Our wholly owned VanadiumCorp-Electrochem Process Technology (\u201cVEPT\u201d) represents green and efficient recovery of vanadium with all by-products which is the key to advancing vanadium redox flow batteries \u201cVRFB, VRB\u201d. This new patent will provide VanadiumCorp exclusivity in the USA for a period of twenty years from the filing date of the patent application. Patent issuance from USPTO is anticipated in Q1, 2021.\u201d<\/p>\n<p><strong>Jurisdictions where patent protection for VEPT are filed and pending:<\/strong><\/p>\n<ul>\n<li>European Union [EP 18757453.8]<\/li>\n<li>Canada [CA 3032329 A1]<\/li>\n<li>United States [US 2020\/0157696 A1]<\/li>\n<li>Australia [AU 2018\/225820]<\/li>\n<li>India [IN 2019\/17004662]<\/li>\n<li>South Africa [ZA 2019\/00743]<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/2020-12-02-VRB-Awarded-Notice-of-Allowance-From-the-US-Patent-and-Trademark-Office.pdf\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25025\" src=\"https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/vanadiumcorp-VEPT-award.jpg\" alt=\"\" width=\"983\" height=\"327\" srcset=\"https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/vanadiumcorp-VEPT-award.jpg 983w, https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/vanadiumcorp-VEPT-award-360x120.jpg 360w, https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/vanadiumcorp-VEPT-award-750x249.jpg 750w, https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/vanadiumcorp-VEPT-award-768x255.jpg 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/strong><\/p>\n<p><strong>About VEPT<\/strong><\/p>\n<p>VEPT process and technology was invented by Dr. Francois Cardarelli in 2017 to address specific challenges and bottlenecks in the vanadium industry. VEPT was jointly owned and co-developed by Electrochem and VanadiumCorp over the past four years. VEPT was developed as a cost-effective, green and much higher yielding alternative to conventional pyro-metallurgical processes, for many new vanadium sources, such as calcine waste, steel slags and as a central process option of VanadiumCorp\u2019s green development plan for its flagship Lac Dore Vanadium Project in Quebec, Canada. Electrochem\u2019s in-house sulfation digestor built in February 2017, with a nameplate capacity up to 300 kg\/month, facilitated subsequent trial production and successful testing of many global feedstocks provided by numerous global specialty steel, primary vanadium, hematite, and vanadiferous titano-magnetite \u201cVTM\u201d producers. The lower carbon footprint and maximum recovery of all metal values represent key advantages of VEPT over pollutive and limited recovery methods currently the mining industry. Metals recovered concurrently with VEPT include vanadium pentoxide, vanadyl sulfate, iron (II) sulfate heptahydrate (copperas), silica and titanium hydrolysate, which are all products with strong demand and market forecast.<\/p>\n<p><strong>About VanadiumCorp<\/strong><\/p>\n<p>The Company is focused on the commercial development of its 100% owned VanadiumCorp-Electrochem Process Technology &#8220;VEPT&#8221;, a green and efficient chemical process invented by Dr. Francois Cardarelli, that addresses the recovery of vanadium, iron, titanium, and silica from feedstocks such as vanadiferous titano-magnetite, iron ores and other industrial by-products containing vanadium. VanadiumCorp\u2019s mandate is to become a strategic supplier of renewable vanadium electrolyte for redox flow batteries and other high purity applications that benefit most from exclusively green and cost-effective vanadium. VanadiumCorp Resource Inc. plans to license VEPT globally and integrate VEPT into the development of the 100% owned Lac Dor\u00e9 vanadium-titanium-iron flagship project adjacent to Blackrock Metals Inc.\u2019s property, which is currently permitted to build a mine and mill to produce a vanadium-rich magnetite concentrate product. VanadiumCorp provides investors with leverage to vanadium, titanium and iron in the mining-friendly and geopolitically stable jurisdiction of Qu\u00e9bec, Canada. Green recovery technology, primary vanadium resource size, superior grades and well-developed infrastructure, puts VanadiumCorp in a valuable strategic position to take advantage of the strong vanadium market driven by supply shortages and growing demand from the Chinese steel industry, as well as the fast-emerging renewable use of vanadium in sustainable energy storage for residential to unlimited scale applications. Nearby infrastructure includes a 161kV Hydro Power at approximately $.02 kWh, CN Rail Line, available water, local airport, and a mining community of over 7,000 people in the city of Chibougamau.<\/p>\n<p><strong>On behalf of the board of VanadiumCorp:<\/strong><br \/>\n<em>Adriaan Bakker <\/em><br \/>\nPresident and Chief Executive Officer<\/p>\n<p><strong>For more information:<\/strong><br \/>\nAdriaan Bakker,<br \/>\nPresident and CEO, VanadiumCorp Resource Inc.<br \/>\n(TSX-V: \u201cVRB\u201d)<br \/>\nBy phone: 1-604-385-4489<br \/>\nBy email: <a href=\"mailto:ab@vanadiumcorp.com\"><span style=\"display:inline;unicode-bidi:bidi-override;direction:rtl;\" class=\"\">moc.procmuidanav<span style=\"display:none;\">obfsctd<\/span>&#64;ba<\/span><\/a><br \/>\nWebsite: <a href=\"https:\/\/www.vanadiumcorp.com\">www.vanadiumcorp.com<\/a><\/p>\n<p><em>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<\/em><em>.<\/em><\/p>\n<p><em>Cautionary &amp; Forward-Looking Statements<\/em><\/p>\n<p><em>\u00a0<\/em><em>This release contains forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements, including statements with respect to the anticipated use of Private Placement proceeds and anticipated receipt of final TSX Venture Exchange acceptance for the Private Placement.\u00a0 Forward-looking statements include words or expressions such as \u201cwill\u201d, \u201csubject to\u201d, \u201cexpect\u201d and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets and risks that may impact the Company\u2019s business, operations and financial condition. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct.\u00a0 Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Additional information on these and other factors that could affect the Company\u2019s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.<\/em>[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">VanadiumCorp Awarded Notice of Allowance From the US Patent and Trademark Office for VanadiumCorp-Electrochem Processing Technology (\u201cVEPT&#8221;)<\/p>","protected":false},"author":1,"featured_media":25007,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[65],"tags":[],"post_series":[],"acf":[],"taxonomy_info":{"category":[{"value":65,"label":"VanadiumCorp Announcements"}]},"featured_image_src_large":["https:\/\/www.vanadiumcorp.com\/wp-content\/uploads\/2020\/12\/VEPT-USPTO-Award-1-750x580.jpg",750,580,true],"author_info":{"display_name":"VanadiumCorp","author_link":"https:\/\/www.vanadiumcorp.com\/author\/administrator\/"},"comment_info":0,"category_info":[{"term_id":65,"name":"VanadiumCorp Announcements","slug":"releases","term_group":0,"term_taxonomy_id":65,"taxonomy":"category","description":"Featured News Releases and Breaking VanadiumCorp News","parent":0,"count":180,"filter":"raw","cat_ID":65,"category_count":180,"category_description":"Featured News Releases and Breaking VanadiumCorp News","cat_name":"VanadiumCorp Announcements","category_nicename":"releases","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/posts\/25003"}],"collection":[{"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/comments?post=25003"}],"version-history":[{"count":7,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/posts\/25003\/revisions"}],"predecessor-version":[{"id":34009,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/posts\/25003\/revisions\/34009"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/media\/25007"}],"wp:attachment":[{"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/media?parent=25003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/categories?post=25003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/tags?post=25003"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.vanadiumcorp.com\/wp-json\/wp\/v2\/post_series?post=25003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}