VanadiumCorp Resource Inc. is pleased to announce that a sample of the vanadium electrolyte produced by the Company at its plant in Val-des-Sources, Quebec, has been approved as meeting the high technical specifications of CellCube, a leading international manufacturer of vanadium flow batteries(“VFB”). The next step in the roll-out of VanadiumCorp’s product will be confirmation of the performance of greater quantities of VanadiumCorp’s electrolyte in the VFBs of CellCube.
Ian Mallory, Chairman and CEO of VanadimCorp, stated “Electrolyte is a key component for VFBs. We are delighted that a world leader in the deployment of VFBs has approved our product.As VanadiumCorp begins the procurement process with CellCube, we are also seeking external investment to strengthen our business strategy within the VFB supply chain. Our primary focus is to provide a reliable supply of the highest quality of vanadium electrolyte for VFBs in the North American and European markets. These innovative batteries provide cost-effective and dependable long-duration energy storage solutions, catering to the needs of commercial, industrial, and utility customers.”
Fabio Denner, CTO of CellCube said “Following a thorough evaluation, VanadiumCorp’s vanadium electrolyte has successfully met our rigorous standards, demonstrating its compatibility with our precise specifications. We are pleased to endorse this product as a valuable component in our VFB systems and look forward to further collaboration to drive forward dependable energy storage solutions.”
About VanadiumCorp Resource Inc.
VanadiumCorp Resource Inc. is engaged in the production of high-quality vanadium electrolytes for the expanding international market for long-duration Vanadium Flow Batteries (VFB). The Company’s pilot plant facility is based in Val-des-Sources, Québec. The Company is also advancing technologies for the production of the strategic V-Ti and potentially high grade Fe located at its vanadiferous titanomagnetite projects, including at its flagship Lac Doré deposit near Chibougamau, Québec. The successful deployment of these technologies would enable stable, long-term access to the Company’s deposits of critical metals, including vanadium feedstock for the production of electrolytes by the Company.
