Business
VanadiumCorp Resource Inc. Awarded Notice of Allowance From US Patent and Trademark Office for VanadiumCorp-Electrochem Process Technology (“VEPT”)
VANCOUVER, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) -- VanadiumCorp Resource Inc. (TSX VENTURE: "VRB") (OTCBB:"APAFF") (FRANKFURT:"NWN") (the "Company")
About this update from Vanadiumcorp Resource Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) -- VanadiumCorp Resource Inc. (TSX VENTURE: \"VRB\") (OTCBB:\"APAFF\") (FRANKFURT:\"NWN\") (the \"Company\") is pleased to announce that the US Patent & Trademark Office (USPTO) has issued a notice of allowance for the US Patent Application invented by Dr. Francois Cardarelli referenced US 2020/0157696 A1 and entitled “Metallurgical and Chemical Process For Recovering Vanadium And Iron Values From Vanadiferous Titanomagnetite and Vanadiferous Feedstocks.” Adriaan Bakker, VanadiumCorp's Chief Executive Officer, commented, “Strengthening our Intellectual Property Portfolio “IP” is integral to our business strategy as we move forward with commercialization plans in 2021. Our wholly owned VanadiumCorp-Electrochem Process Technology (“VEPT”) represents green and efficient recovery of vanadium with all by-products which is the key to advancing vanadium redox flow batteries “VRFB, VRB”. This new patent will provide VanadiumCorp exclusivity in the USA for a period of twenty years from the filing date of the patent application. Patent issuance from USPTO is anticipated in Q1, 2021.” Jurisdictions where patent protection for VEPT is filed and pending: European Union [EP 18757453.8] Canada [CA 3032329 A1] United States [US 2020/0157696 A1] Australia [AU 2018/225820] India [IN 2019/17004662] South Africa [ZA 2019/00743] About VEPT VEPT process and technology was invented by Dr. Francois Cardarelli in 2017 to address specific challenges and bottlenecks in the vanadium industry. VEPT was jointly owned and co-developed by Electrochem and VanadiumCorp over the past four years. VEPT was developed as a cost-effective, green and much higher yielding alternative to conventional pyro-metallurgical processes, for many new vanadium sources, such as calcine waste, steel slags and as a central process option of VanadiumCorp’s green development plan for its flagship Lac Dore Vanadium Project in Quebec, Canada. Electrochem’s in-house sulfation digestor built in February 2017, with a nameplate capacity up to 300 kg/month, facilitated subsequent trial production and successful testing of many global feedstocks provided by numerous global specialty steel, primary vanadium, hematite, and vanadiferous titano-magnetite “VTM” producers. The lower carbon footprint and maximum recovery of all metal v...