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Enter Symbol
or Name
USA
CA



Golden Share Mining Corp (3)
Symbol GSH
Shares Issued 30,568,369
Close 2016-05-20 C$ 0.17
Market Cap C$ 5,196,623
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Golden Share to sell Chinese-produced vanadium in N.A.

2016-05-24 11:27 ET - News Release

Mr. Nick Zeng reports

GOLDEN SHARE ANNOUNCES THE STRATEGIC PARTNERSHIP AGREEMENT WITH NORTHWEST MINING & EXPLORATION GROUP

Golden Share Mining Corp. has entered a strategic partnership agreement with Northwest Mining & Exploration Group (NWME). NWME is a Chinese state-owned mining and exploration company focused on gold and non-ferrous metals. Golden Share will act as the exclusive broker in the United States and Canada for high-purity vanadium pentoxide (V2O5) produced from NWME's Qianjiaping vanadium mine. Golden Share will also seek a North American partner to work with NWME to develop a vanadium-flow-battery-based energy storage solution for the Chinese market.

According to the United States Geological Survey, China is the world leader in vanadium production and also boasts the largest amount of vanadium ore worldwide. In 2011, Qianjiaping announced that it had started to produce high-purity (from 98.5 per cent up to 99.9 per cent) vanadium, of which the main applications are in the chemical industry and in the production of vanadium flow batteries (VFB).

The VFB is a leading energy storage solution given its virtually unlimited storage capacity, long life, unlimited cycles, low maintenance requirements and minimum environmental impacts. The VFB is a critical component for the storage of renewable energy, which plays a key role in the battle against climate change. The Chinese renewable energy market is steadily increasing and the trend is forecast to continue to grow.

"We are very excited to have the opportunity to work with NWME as we approach what we view as the tipping point for the VFB. The producing Qianjiaping vanadium mine is definitely a world-class primary vanadium ore mine, and Qianjiaping will be a dominant supplier of high-purity battery-grade vanadium for decades," stated Nick Zeng, president and chief executive officer of Golden Share. "Golden Share is pleased to gain a very unique position in the fast-growing vanadium-based energy storage market that will not only help to combat climate change, but also the air pollution problems China is currently facing," Mr. Zeng continued.

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