- Currie Rose Resources Inc. (CUI) has filed the requisite documents with the TSX Venture Exchange and expects to resume trading on November 24
- Currie has been in a trading halt since 27 October 2021 when it advised the market that the company would acquire 100 per cent of two battery metal projects located in Central North Queensland, Australia
- The North Queensland Vanadium Project (NQVP) is the merger of the Toolebuc and Flinders River vanadium projects and is located approximately 400km west of the port of Townsville
- Third-party developments in the area have identified the region as a potential vanadium hub
- Demand for vanadium is expected to increase over the next few years especially in the battery area and within the steel industry due to anticipated significant global infrastructure developments planned because of the global pandemic
- Currie Rose Resources Inc. (CUI) last traded at $0.035 per share on October 27
Currie Rose Resources Inc. (CUI) has filed the requisite documents with the TSX Venture Exchange and expects to resume trading on November 24.
Currie has been in a trading halt since 27 October 2021 when it advised the market that the company would acquire 100 per cent of two battery metal projects located in Central North Queensland, Australia.
The North Queensland Vanadium Project (NQVP) is the merger of the Toolebuc and Flinders River vanadium projects and is located approximately 400km west of the Port of Townsville.
Third-party developments in the area have identified the region as a potential vanadium hub.
The ore is considered suitable for pre-concentration with potential pathways to economic processing.
Wide spaced geological and geophysical data is also at hand and priority targets for first pass exploration have also been identified.
Vanadium has been identified by the Canadian, United States and Australian Governments as a critical mineral for both alloy steel production and large low carbon power applications – Vanadium Redox Flow Batteries (VRB) for large scale modular energy storage.
Demand for vanadium is expected to increase over the next few years especially in the battery area and within the steel industry due to anticipated significant global infrastructure developments planned because of the global pandemic.
Company management views that the current significant vanadium shortages due to increasing global steel demand could be further exacerbated with the expected commercialization and supply of VRB.
The NQVP has large-scale potential in a mining-friendly and is well poised to be a strong contributor to the world market and is advanced in terms of drilling and preliminary metallurgical testing.
VRB development is advancing at pace. Compared to other commercial-scale renewable battery solutions it offers:
- Low carbon footprint of both the production and battery life.
- Significantly faster charging than peers.
- Significantly higher charging capacity.
- Large, scalable energy storage for electrical grids and microgrids.
- Rapid release of large quantities of energy.
- Increased safety – non-flammable.
- Reduced cost versus lithium-based energy Storage and batteries
- Re-usable Vanadium electrolyte are recyclable, resulting in longer life span compared to other batteries
Currie Rose Resources Inc. (CUI) last traded at $0.035 per share on October 27.