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VanadiumCorp-Electrochem Process Technology Development Planned For Australian Joint Venture
VanadiumCorp-Electrochem Process Technology Development Planned For Australian Joint Ventu...
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":"\n\n\n\nVanadiumCorp-Electrochem Process Technology Development Planned For Australian Joint Venture\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\n\nCanada NewsWire\nVANCOUVER, May 13, 2019\n\n\n\nVANCOUVER, May 13, 2019 /CNW/ - VanadiumCorp Resource Inc. (TSX-V: \"VRB\") (the \"Company\") applauds the Joint Venture Agreement (\"JV\") signed with vertically integrated electrochemical processing and energy storage technology company Ultra Power Systems Pty Ltd (\"UPS\") and Australian Vanadium Limited (ASX: AVL, \"AVL\") to evaluate and develop the Coates Vanadium Project near Perth.\n\n \n \n\n \nThe Coates deposit is situated approximately 35km east of the Perth metropolitan area in the Shire of Wundowie. UPS aims to produce vanadium electrolyte using a combination of a unique processing route and high-density vanadium electrolyte production. AVL has signed the JV to create value for shareholders by monetising a secondary asset and testing VanadiumCorp-Electrochem Processing Technology (\"VEPT\") focused on enhancing the uptake of vanadium redox flow batteries in Australia. The Joint Venture Agreement allows for AVL to receive either $500,000 or equivalent shares in UPS.\nFurther detail is available on AVL's website at: https://www.australianvanadium.com.au/\nAustralian Vanadium is a resource company focused on vanadium, seeking to offer investors a unique exposure to all aspects of the vanadium value chain – from resource through to steel and energy storage opportunities. AVL is advancing the development of its world-class Australian Vanadium Project. The Australian Vanadium Project is currently one of the highest-grade vanadium projects being advanced globally with 183.6Mt at 0.76% vanadium pentoxide (V₂O₅), containing a high-grade zone of 96.7Mt at 1% V2O5 with an Ore Reserve of 9.82Mt at 1.07% V2O5 Proved and 8.42Mt at 1.01% V2O5 Probable Resource, reported in compliance with the JORC Code 2012 (see ASX announcement dated 19 December 2018 'Gabanintha Pre-Feasibility Study and Maiden Ore Reserve') AVL has developed a local production ...