EnSciTech Corp. signs LOI with VanadiumCorp

About this update from Vanadiumcorp Resource Inc

[{"type":"text","content":"\n\n\n\nEnSciTech Corp. signs LOI with VanadiumCorp\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.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.67em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n\n\n\n\n\n\nEnSciTech Corp. signs LOI with VanadiumCorp\nCanada NewsWire\nVANCOUVER, June 23, 2016\n\n\n\n\n\n\nVANCOUVER, June 23, 2016 /CNW/ - VanadiumCorp Resource Inc. (TSX \"VRB\") (the \"Company\") is pleased to announce the signing of a non-binding Letter of Intent (\"LOI\") with Energy, Science & Technology Corp. (\"EnSciTech\") to collaborate and explore the business opportunity of near term, low cost production of Vanadium Electrolyte. The LOI outlines the following terms:\n\n\n\n\n\n\n1.)\n\n\nNear term production development (pilot scale) \n\n\n\n\n\n2.)\n\n\nSupply agreement for VE \n\n\n\n\n\n3.)\n\n\nMarketing of VRB technologies to the large-scale grid-energy storage market\n\n\n\n\n\n4.)\n\n\nPursue reasonable efforts to enter into a definitive agreement within 12 months from the effective date of signing the LOI \n\n \n\nThe Company's CEO Adriaan Bakker commented, \"We are delighted with the opportunity of working with EnSciTech in full support of their objective of establishing a near term, low cost production opportunity for vanadium battery electrolyte.\"\n\nEnSciTech, founder & president Kourosh Khajé commented, \"Establishing local vanadium electrolyte supply solutions for Canada is the common goal for both companies. Stable supply and secure price of VE is the key for VRB energy storage to meet the North American renewable energy target.\"\n\nAbout EnSciTech:\n\nEnergy, Science & Technology Corp (EnSciTech), is the Canadian based technology developer targeting near term, low cost battery materials production from a secondary...

More updates from Vanadiumcorp Resource Inc