- VanadiumCorp Resource (VRB) has commenced joint hydrometallurgical testing with Strategic Resources Inc. (SR)
- Testing will confirm whether VanadiumCorp’s green recovery process could provide a more environmentally friendly way to extract vanadium and iron from Mustavaara Project material
- The process also offers the potential for commercial-grade titanium production as a third revenue stream for the project
- VanadiumCorp is an integrated green technology company with strategic vanadium mineral deposit assets
- Strategic Resources Inc. (SR) is down 7.69 per cent, trading at C$0.24 per share at 3 pm ET
- VanadiumCorp Resource Inc. (VRB) is unchanged, trading at C$0.09 per share at 3 pm ET
VanadiumCorp Resource (VRB) has commenced joint hydrometallurgical testing with Strategic Resources Inc. (SR).
The testing utilizes VanadiumCorp’s patented and proprietary green recovery process called VanadiumCorp Electrochem Process Technology (VEPT) on titanomagnetite concentrate from Strategic’s wholly-owned Mustavaara Project in Finland.
The ongoing prototype testing campaign is performed by Electrochem Technologies & Materials inc. (Electrochem) at its facilities in Boucherville, Québec, Canada.
Testing will confirm whether the clean energy technology from VanadiumCorp is viable on Mustavaara’s material and could provide a more environmentally friendly way to extract vanadium and iron.
Vanadium end products produced by the VEPT process favour the rapidly emerging Vanadium Redox Flow Battery industry in contrast to the current flowsheet, which produces ferrovanadium used in the steel industry.
In addition, the process offers the potential for commercial-grade titanium production as a third revenue stream for the project.
Scott Hicks, CEO and Director of Strategic Resources, commented,
“Our Mustavaara project could substantially benefit from the addition of a third revenue stream and potentially a lower capital, less carbon intensive way of extracting vanadium and iron. Our team believes in redox flow batteries and would be excited to gear our project towards the growing market.”
Adriaan Bakker, VanadiumCorp’s CEO, commented,
“VanadiumCorp is excited to be working with Strategic, who has identified the potential of our patented green process technology. As the Mustavaara Project encompasses a formerly producing vanadium-iron- mine, it represents a potential paradigm shift toward green metallurgical recovery methods. Located in Finland, sustainable recovery of vanadium and other critical metals at Mustavaara would represent an exciting development in the region and the EU.”
VEPT is a patented and proprietary chemical process technology wholly owned by VanadiumCorp. Dr. Francois Cardarelli, from Electrochem Technologies & Materials Inc., invented VEPT in 2017 to address challenges in the metallurgical recovery of vanadium from a variety of feedstocks. The VEPT process directly recovers source materials for the Vanadium Redox Flow Battery industry, such as vanadium pentoxide and vanadyl sulphate both precursors for producing vanadium electrolyte.
Strategic Resources Inc is a Canada based mineral exploration and development company.
VanadiumCorp Resource Inc. is an integrated green technology company with wholly-owned vanadium-titanium-iron mineral deposits in Quebec.
VanadiumCorp is focused on commercializing technologies to process mineral concentrates and produce vanadium electrolytes sustainably for Vanadium Redox Flow Battery “VRFB” systems.
Strategic Resources Inc. (SR) is down 7.69 per cent, trading at C$0.24 per share at 3 pm ET.
VanadiumCorp Resource Inc. (VRB) is unchanged, trading at C$0.09 per share at 3 pm ET.