TSX-V: "VRB"
VANCOUVER, Oct. 17, 2019 /CNW/ - VanadiumCorp Resource Inc.
(TSX-V: "VRB") (the "Company") and Electrochem Technologies &
Materials Inc. ("Electrochem") are pleased to announce the National
Entry phase in the European Union for the jointly owned
VanadiumCorp-Electrochem Processing Technology ('VEPT") with the
international patent application: WO 2018/152628 – "METALLURGICAL
AND CHEMICAL PROCESSES FOR RECOVERING VANADIUM AND IRON VALUES FROM
VANADIFEROUS TITANOMAGNETITE AND VANADIFEROUS FEEDSTOCKS".
Select jurisdictions where the patent protection for
VEPT is filed and pending are:
- European Union [18757453.8]
- Canada [CA 3032329]
- United States
[16/322,642]
- Australia [AU 2018225820]
- India [201917004662]
- South Africa [2019/00743]
"Filing the National Phase Entry in Europe is the final and most significant
milestone for VEPT essential to our developments in Europe that will integrate vanadium produced
sustainably and directly into vanadium redox flow batteries to
mitigate the cost and carbon footprint of energy storage." Stated
Adriaan Bakker, CEO and President of
VanadiumCorp.
"The National Entry Phase in Europe is a mandatory step towards
commercialization of VanadiumCorp-Electrochem Processing Technology
and compliments the recent validation and grant of our patented
zero-carbon iron making process in the EU, successfully tested by
our European customers, strengthens Electrochem's unique
intellectual property position for implementing future integrated
plants in that key jurisdiction." Stated Dr. Francois Cardarelli, President of
Electrochem.
The jointly owned VEPT is a novel chemical process invented by
Dr. Francois Cardarelli consists of
digesting vanadiferous feedstocks into concentrated sulfuric acid.
The technology addresses the recovery of vanadium pentoxide,
vanadyl sulfate, ferrous sulfate, titanium hydrolysate, and silica
from feedstocks such as vanadiferous titano-magnetite, iron ores
and concentrates such as magnetite and hematite, vanadium
industrial wastes such as BOF-slags, and other industrial
by-products also containing vanadium.
VanadiumCorp Resource Inc. is developing a dedicated
supply chain for clean energy storage with clean energy resources
and clean energy technologies. The VanadiumCorp resource base
includes the 100% owned Lac Doré and Iron-T Vanadium Project both
located in mining friendly Quebec,
Canada. VanadiumCorp's active projects are strategically
located in jurisdictions like Quebec where access to low cost clean power,
vanadium supply, workforce and infrastructure support the potential
for a new vanadium based battery industry to lead the transition to
renewable energy and modernization of the power grid.
Electrochem Technologies & Materials Inc. is a
private Canadian Corporation that currently owns twenty four
patents worldwide on proprietary and sustainable chemical,
metallurgical and green electrochemical technologies. Commercially,
the company manufactures industrial electrodes, produces tantalum
and tungsten chemicals and also produces vanadium redox flow
battery electrolyte at its facilities in Boucherville. For more information please
visit www.electrochem-technologies.com
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.