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Vanadiumcorp Resource Inc
Symbol VRB
Shares Issued 299,491,120
Close 2020-12-01 C$ 0.08
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Vanadiumcorp receives U.S. patent for VEPT

2020-12-02 11:36 ET - News Release

Mr. Adriaan Bakker reports

VANADIUMCORP RESOURCE INC. AWARDED NOTICE OF ALLOWANCE FROM US PATENT AND TRADEMARK OFFICE FOR VANADIUMCORP-ELECTROCHEM PROCESS TECHNOLOGY ("VEPT")

Vanadiumcorp Resource Inc. has received a notice of allowance from the United States Patent & Trademark Office (USPTO) for the U.S. patent application invented by Dr. Francois Cardarelli referenced U.S. 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 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 byproducts, which is the key to advancing vanadium redox flow batteries. This new patent will provide Vanadiumcorp exclusivity in the USA for a period of 20 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);
  • U.S. (U.S. 2020/0157696 A1);
  • Australia (AU 2018/225820);
  • India (IN 2019/17004662);
  • South Africa (ZA 2019/00743).

About VEPT

The VEPT process and technology was invented by Dr. 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 sulphation digestor, built in February, 2017, with a nameplate capacity up to 300 kilograms per 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 values represent key advantages of VEPT over pollutive and limited recovery methods currently in the mining industry. Metals recovered concurrently with VEPT include vanadium pentoxide, vanadyl sulphate, iron (II) sulphate heptahydrate (copperas), silica and titanium hydrolysate, which are all products with strong demand and market forecast.

About Vanadiumcorp Resource Inc.

The company is focused on the commercial development of its 100-per-cent-owned VEPT, a green and efficient chemical process invented by Dr. Cardarelli, which addresses the recovery of vanadium, iron, titanium and silica from feedstocks such as vanadiferous titano-magnetite, iron ores and other industrial byproducts containing vanadium. Vanadiumcorp's mandate is to become a strategic supplier of renewable vanadium electrolyte for redox flow batteries and other high-purity applications that benefit most from exclusively green and cost-effective vanadium. Vanadiumcorp plans to license VEPT globally and integrate VEPT into the development of the 100-per-cent-owned Lac Dore vanadium-titanium-iron flagship project adjacent to Blackrock Metals Inc.'s property, which is currently permitted to build a mine and mill to produce a vanadium-rich magnetite concentrate product. Vanadiumcorp provides investors with leverage to vanadium, titanium and iron in the mining-friendly and geopolitically stable jurisdiction of Quebec, Canada. Green recovery technology, primary vanadium resource size, superior grades and well-developed infrastructure, puts Vanadiumcorp in a valuable strategic position to take advantage of the strong vanadium market driven by supply shortages and growing demand from the Chinese steel industry, as well as the fast-emerging renewable use of vanadium in sustainable energy storage for residential to unlimited-scale applications. Nearby infrastructure includes a 161-kilovolt hydro power at approximately twp cents per kilowatt hour, CN Rail line, available water, local airport and a mining community of over 7,000 people in the city of Chibougamau.

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