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Vanadiumcorp process not commercially viable in Finland

2021-11-09 07:13 ET - News Release

Mr. Adriaan Bakker reports

HYDROMETALLURGICAL TESTING UPDATE

Vanadiumcorp Resource Inc. announced on May 10, 2021, that it had started a joint hydrometallurgical testing program on titanomagnetite concentrate from the Mustavaara deposit of Strategic Resources Inc. A sulphuric acid-based method of extracting vanadium, iron and titanium was tested. Although the process was successful in recovering all three metals in varying quantities, the vanadium recoveries and the sulphuric acid consumption on the initial test work would not allow the process to be commercially viable in Finland. Further test work and refinement may change these results; however, no additional test work is currently planned.

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