10:42:11 EDT Sat 19 Sep 2020
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Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 256,414,928
Close 2019-10-17 C$ 0.05
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Vanadiumcorp files VEPT patent application in EU

2019-10-17 12:42 ET - News Release

Mr. Adriaan Bakker reports

VANADIUMCORP & ELECTROCHEM EXPAND THE INTELLECTUAL PROPERTY PORTFOLIO INTO THE EUROPEAN UNION

Vanadiumcorp Resource Inc. and Electrochem Technologies & Materials Inc. have entered the national entry phase in the European Union for the jointly owned Vanadiumcorp-Electrochem processing technology (VEPT) with international patent application WO 2018/152628, "Metallurgical And Chemical Processes For Recovering Vanadium And Iron Values From Vanadiferous Titanomagnetite And Vanadiferous Feedstocks."

Select jurisdictions where the patent protection for VEPT is filed and pending are:

  • European Union (18757453.8);
  • Canada (CA 3032329);
  • United States (16/322,642);
  • Australia (AU 2018225820);
  • India (201917004662);
  • South Africa (2019/00743).

"Filing the national phase entry in Europe is the final and most significant milestone for VEPT essential to our developments in Europe that will integrate vanadium produced sustainably and directly into vanadium redox flow batteries to mitigate the cost and carbon footprint of energy storage," commented Adriaan Bakker, chief executive officer and president of Vanadiumcorp.

"The national entry phase in Europe is a mandatory step towards commercialization of Vanadiumcorp-Electrochem processing technology and complements the recent validation and grant of our patented zero-carbon iron-making process in the EU, successfully tested by our European customers, strengthens Electrochem's unique intellectual property position for implementing future integrated plants in that key jurisdiction," commented Dr. Francois Cardarelli, president of Electrochem.

The jointly owned VEPT is a novel chemical process invented by Dr. Cardarelli and consists of digesting vanadiferous feedstocks into concentrated sulphuric acid. The technology addresses the recovery of vanadium pentoxide, vanadyl sulphate, ferrous sulphate, titanium hydrolysate and silica from feedstocks, such as vanadiferous titano-magnetite, iron ores and concentrates, such as magnetite and hematite, vanadium industrial wastes, such as BOF slags, and other industrial byproducts also containing vanadium.

About Vanadiumcorp Resource Inc.

Vanadiumcorp Resource is developing a dedicated supply chain for clean energy storage with clean energy resources and clean energy technologies. The Vanadiumcorp resource base includes the 100-per-cent-owned Lac Dore and Iron-T vanadium projects, both located in mining-friendly Quebec, Canada. Vanadiumcorp's active projects are strategically located in jurisdictions like Quebec, where access to low-cost clean power, vanadium supply, work force and infrastructure supports the potential for a new vanadium-based battery industry to lead the transition to renewable energy and modernize the power grid.

We seek Safe Harbor.

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