Business
Canadian Government Announcement: "Defining role in growing vanadium market"
Canadian Government Announcement: "Defining role in growing vanadium market" Canad...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"\n\n\n\nCanadian Government Announcement: \"Defining role in growing vanadium market\"\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanadian Government Announcement: \"Defining role in growing vanadium market\"\nCanada NewsWire\nVANCOUVER, Nov. 8, 2016\n\n\n\n\n\n\nTSX-V: \"VRB\" \n\n\n\nVANCOUVER, Nov. 8, 2016 /CNW/ - Vanadiumcorp Resource Inc. (TSX-V: \"VRB\") (the \"Company\") is pleased to announce the Canadian Government has officially introduced a new mandate for vanadium and energy storage, titled, \"Defining Canada's role in a growing vanadium market.\" This mandate bodes well for VanadiumCorp development of high purity vanadium and vanadium electrolyte (VE) from 100% owned vanadium resources in Quebec, Canada.  There is no primary VE production in Canada and USA currently. Canadian vanadium supply would facilitate the renewable energy and grid scale energy storage targets ratified in the Paris Climate Agreement. The Canadian government announcement states: \"Currently, there are few vanadium producers able to produce high purity Vanadium Oxide \"V2O5\" and products show significant differences in purity and trace element level\" \n\nThe entire Canadian Nation Research Council (CNRC) report is below: \n\nEnergy storage technologies are expected to increase at an exponential rate in Canada and abroad over the next decade – all positive news for proponents of a greener, more efficient grid. With growth come new opportunities, such as increased demand for graphite, nickel, and lithium used in lithium-ion batteries. Similarly, the vanadium redox flow battery (VRFB) is a promising technology choice for stationary energy storage, and a growing market raises the question – where do we find stable and affordable sources for high-quality vanadium?\n\nHow is vanadium sourced?\n\nVanadium is a grey ductile metal, but does not occur naturally in forms usable in a VRFB. Rather, it is mined in combination with other compounds that must be extracted and processed to achieve sufficient purity for these applications. The purification process ultimately ...