VANCOUVER, May 21, 2019 /CNW/ - VanadiumCorp Resource Inc.
(TSX-V: "VRB") (the "Company") is pleased to announce the
appointment of Mr. Marc Kok to the
Board of Directors of VanadiumCorp.
"We are pleased to welcome Marc to VanadiumCorp's Board of
Directors" stated Adriaan Bakker,
The Company's President and Chief Executive Officer. "Marc brings a
wealth of experience and established networks in engineering,
construction and integration of energy storage and renewable energy
sectors. His aligned vision with VanadiumCorp is to combine the
best resources, technologies, expertise and end users to establish
the complete value chain required to mass commercialize vanadium
based energy storage globally."
Mr. Kok is the founder and current CEO of Redo Holding B.V.B.A.,
in Nazareth Belgium which operates two subsidiary companies in
Germany:
- Forschungsinstitut Redoflow GMBH which is developing and
commercialising redox flow battery systems.
- Privates Forschunsginstitut Power Storage GMBH which develops
lithium-ion Battery systems.
VanadiumCorp Resource Inc is an
integrated technology and mining Company focused on developing
the exclusive supply chain for vanadium based energy storage and
emerging technologies that utilize vanadium. VanadiumCorp is
focused on commercializing the most efficient and sustainable
recovery method to produce vanadium with jointly developed process
technology. 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.
Vanadium Redox Flow Batteries (VRFB, VRB) are
containerized, long duration, non-flammable, compact, reusable over
infinite cycles and last more than 20 years. Most batteries use two
chemicals that change valence (or charge or redox state) and cross
contaminate and thus degrade over time. VRBs utilize multiple
valence states of vanadium as a single element to store and release
charge. VRBs consist of two tanks of vanadium electrolyte that flow
adjacent to each other past a membrane and generate a charge by
moving electrons back and forth during charging and discharging.
This battery offers unlimited energy capacity simply by using
larger electrolyte storage tanks. It can be left completely charged
for long periods without losing power and maintenance is much
simpler than other batteries. The unique advantage to separate
power and energy also provides significant advantages over
competing technologies. With sustainably produced VanadiumCorp
ElectrolyteTM, the carbon footprint of the VRB is remarkably
low.
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
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.
SOURCE VanadiumCorp Resource Inc.