{"id":5174,"date":"2016-09-15T18:52:37","date_gmt":"2016-09-16T01:52:37","guid":{"rendered":"https:\/\/www.vanadiumcorp.com\/investors\/news-investors\/featured\/corporate-update-2\/"},"modified":"2019-06-22T08:58:16","modified_gmt":"2019-06-22T15:58:16","slug":"corporate-update-2","status":"publish","type":"post","link":"https:\/\/www.vanadiumcorp.com\/releases\/corporate-update-2\/","title":{"rendered":"Corporate Update"},"content":{"rendered":"
\u00a0<\/span>\u00a0 \u00a0 \u00a0\u00a0<\/span>TSX-V: \u201cVRB\u201d<\/i><\/span><\/p>\n Download PDF…<\/a><\/strong><\/p>\n VANCOUVER, BRITISH COLUMBIA<\/strong> \u2013 September 15, 2016<\/strong> \u2013 Vanadiumcorp Resource Inc. (TSX-V: \u201cVRB\u201d) (the “Company”) is pleased to announce several developments towards its objective of vanadium electrolyte production.<\/p>\n Lac Dore Preliminary Economic Assessment (PEA)<\/strong> Upon advice of IOS Geoscientifiques Inc., the planned timeline for completion of the PEA is being extended to incorporate additional processing considerations.<\/p>\n Enscitech Waste Ash Vanadium Electrolyte (WAVE) Project<\/strong> \u2013 VanadiumCorp news is pending regarding this low cost, near term production project.<\/p>\n Soci\u00e9t\u00e9 Plan Nord Delegation <\/strong>VanadiumCorp has accepted an exclusive invitation to join The Soci\u00e9t\u00e9 du Plan Nord (Plan Nord) delegation at Mines & Money Americas, Toronto on September 26-28, 2016. Plan Nord was relaunched by the Quebec government in 2014 with a mandate to provide public and private investment of C$50 billion over 20 years. Plan Nord\u2019s mandate is focused on projects located north of the 49th parallel of Quebec, Canada. http:\/\/www.plannord.gouv.qc.ca\/en\/<\/a><\/p>\n New Vanitec Energy Storage Committee (ESC) formed <\/strong>and will host its\u2019 inaugural meeting during the 91st Vanitec Meeting in London, UK, October 11-12, 2016 that VanadiumCorp and its partners will attend. The new committee was formed recently by Vanitec coinciding with the worlds largest battery in construction announced in Dalian, China this year. (vanadium technology) Vanitec sees the development of the Vanadium Redox Battery as a key component of the future and wishes to bring together VRFB developers, electrolyte producers, suppliers, and vanadium industry contacts. The focus of ESC is to identify the future global vanadium demand, the quality required and OH&S guidelines surrounding electrolyte production and distribution ESC will report to the Vanitec Market Development Committee and will oversee developments in the energy industry market for vanadium. Vanitec is a not-for-profit international organization whose objective is to promote the use of vanadium bearing materials. Its members include all the world\u2019s major vanadium producers. www.vanitec.org<\/a><\/p>\n Vanadium Electrolyte Process Partnership (VEPP)<\/strong> Partners include academia, energy storage companies, government organizations, vanadium industry professionals and independent contractors. www.vepp.org<\/a><\/p>\n VanadiumCorp Partnerships<\/strong> Global energy company Schmid Energy GmBH, Enscitech and VanadiumCorp\u2019s leading North American vanadium battery partners are focused on development and integration of high purity vanadium supply with proven VRFB technology. VanadiumCorp is working diligently with its partners with the common goal of developing stable, competitively priced vanadium electrolyte (VE) as there is no primary supply available worldwide.<\/p>\n Importance of Vanadium<\/strong> – Vanadium\u2019s role in the growing energy storage is expected to increase dramatically in coming years. In 2016, large scale deployments of VRFBs began across the globe, with many others being planned or under construction. Development of stable supply of high purity vanadium is critical for this superior energy storage technology.<\/p>\n Global inventory of vanadium continues to decrease, as demand continues to increase. The Largo-Glencore project in Brazil and the Rhovan-Glencore project in South Africa are the only vanadium mines left in production in the downturn of the steel industry.\u00a0 New vanadium supply is expected to supplement the traditional markets for vanadium as the requirements for high quality steel continue to increase.<\/p>\n Recent vanadium report release regarding vanadium supply from Terry Perles, Advisor of VanadiumCorp is available below. Vanadium Redox Batteries (VRB, VFB, VRFB)<\/strong> are emerging as the technology of choice for grid energy storage and renewable energy. VRFBs offer longer life cycle to competing technologies, scalability, superior safety, unlimited capacity and utilize 100% reusable battery material. www.vanadiumcorp.com<\/a><\/p>\n
\n<\/strong>https:\/\/www.dropbox.com\/s\/hkruykh0695wrf6\/Vanadium_Supply_for_VRB_Applications_Perles.pdf?dl=0<\/a><\/p>\n