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MOU with Electrochem Technologies & Materials Inc.
MOU with Electrochem Technologies & Materials Inc. MOU with Electrochem Techno...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"\n\n\n\nMOU with Electrochem Technologies & Materials Inc.\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\nMOU with Electrochem Technologies & Materials Inc.\nCanada NewsWire\nVANCOUVER, Feb. 9, 2017\n\n\n\nTSX-V: \"VRB\"\n\n\n\nVANCOUVER, Feb. 9, 2017 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: \"VRB\") (the \"Company\") is pleased to announce it has signed a non-binding memorandum of understanding \"MOU\" with Quebec based industrial company, Electrochem Technologies & Materials Inc. \"Electrochem\" to collaborate on metallurgical and electrochemical technologies to produce vanadium electrolyte \"VE\" directly from VTM (Vanadiferous Titaniferous Magnetite) concentrate. \n\n\n \n \n\n \nAdriaan Bakker, CEO of VanadiumCorp states, \"Our partnership with Electrochem will focus on the most critical cost reducing component of vanadium batteries.  Integrating exclusive vanadium supply with new technology is the ultimate strategy to reduce cost/kWh and accelerate commercialization of vanadium based energy storage\"\n\nThe MOU will allow the companies to collaborate on a number of key strategic initiatives including: \n\n\nThe development for the production of vanadium-rich pregnant leach solution \"PLS\" (VE precursor) and other specialty high purity vanadium materials. \nThe development and commercialization of efficient and environmentally friendly metallurgical and electrochemical processing technologies including the simultaneous removal of contaminant metals and the concurrent regeneration of chemicals. \nPursue reasonable efforts to enter into a definitive agreement within 12 months from the effective date of signing for the non-binding MOU. \n\nThe general process & production development outline for The Lac Dore Vanadium Project: \n\n\nCommence prototype testing of VanadiumCorp Vanadiferous Titaniferous Magnetite \"VTM\" \nDemonstrate recoveries and economics in pilot testing \nCommercial vanadium electrolyte manufacture \n\nDr. François Cardarelli, President of Electrochem comments, \"Novel metallurgical and electrochemical technolo...