VANCOUVER, Sept. 25, 2019 /CNW/ - VanadiumCorp Resource
Inc. (TSX-V: "VRB") (the "Company") is pleased to support
Greta Thunberg by presenting
profound solutions for climate change. On Monday, September 23, 2019, Swedish climate
activist Greta Thunberg, condemned world leaders over the
United Nations Climate Action Summit on their failure to address
the climate crisis threatening the world.
Proven technologies exist to lead the transition from fossil
fuels to clean energy and they require enormous amounts of
vanadium. VanadiumCorp owns a strategic resource base of vanadium
in Quebec, Canada and green
vanadium technologies, with a mandate to create a new vertically
integrated clean energy storage supply chain.
VanadiumCorp Solutions for Climate Change:
1. The Vanadium Redox Flow Battery "VRB" "VRFB" represents
proven and sustainable energy storage technology and can be powered
by sustainably produced vanadium that never degrades. This
technology offers the following benefits:
- Clean Energy storage solution for unlimited amounts
of renewable energy.
- Modernizing power grids by replacing outdated
infrastructure with VRB microgrids offers grid stabilizing, clean
energy infrastructure, blackout prevention, emergency power and a
significant upgrade to national security.
- Off grid power for energy-deprived populations and
replacing diesel power.
- Load leveling for storing unlimited clean power for use
at peak times.
- Electrification of transportation by replacing
polluting fuel with liquid vanadium that can be used
indefinitely.
- Phasing out nuclear, coal, and oil & gas fired power
plants with renewable energy and vanadium battery
infrastructure.
2. VanadiumCorp owns a strategic resource base of vanadium
in Quebec, Canada that it is
actively developing with the objective of providing dedicated
vanadium supply for vanadium redox flow batteries.
3. Green technology that can replace outdated and highly
pollutive recovery methods for:
- Vanadium, titanium and iron.
- Mitigating the cost and carbon footprint of vanadium
electrolyte for vanadium batteries.
- Replacing highly polluting steel smelters and metal roasting
facilities.
"The majority of greenhouse gas "GHG" is produced because of
energy." Adriaan Bakker, CEO of
VanadiumCorp states. "We support Greta
Thunberg's relentless commitment to make the world a better
place. Over the last decade, our Company has evolved dramatically
to focus on development of solutions for climate change and we aim
to reach our first commercial objectives in the near future."
Industry Challenge: Mass commercialization of
Vanadium Redox Flow Batteries will require enormous amounts of
vanadium which is currently inefficient and pollutive to produce.
With higher costs attributed to pollutive and outdated methods,
vanadium is predominantly sold at a premium to the high strength
steel and alloy market. This limits supply and inhibits pricing
required to support a vanadium based battery industry. A low cost
and low carbon process alternative has not yet been
commercialized.
VanadiumCorp provides the opportunity to change how critical
metals are made and utilize them for clean energy and sustainable
infrastructure. As vanadium is uniquely reusable in energy storage,
VanadiumCorp plans to integrate it directly into vanadium redox
flow batteries to create the ultimate clean energy storage
solution.
The shift to a low-carbon economy requires increasing reliance
on renewable energy technologies, like wind turbines, solar panels
and rechargeable batteries. Vanadium redox flow batteries can be
charged thousands of times with no degradation, making them ideal
for projects that require immense cycling. In addition to being
long-lasting, vanadium-flow batteries are extremely durable and can
hold immense amounts of energy. Vanadium-flow batteries use
non-flammable vanadium, which is safer and more reliable for
large-scale stationary applications.
VanadiumCorp Resource Inc. is developing dedicated
vanadium supply and disruptive technologies for energy storage with
a 100% green mandate. More information on active projects and
new vanadium energy technologies can be found on The Company's
website at www.vanadiumcorp.com
On behalf of the board of VanadiumCorp:
Adriaan Bakker
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary & Forward-Looking Statements
This release contains forward-looking statements. All
statements other than statements of present or historical fact are
forward-looking statements, including statements with respect to
the anticipated use of Private Placement proceeds and anticipated
receipt of final TSX Venture Exchange acceptance for the Private
Placement. Forward-looking statements include words or
expressions such as "will", "subject to", "expect" and other
similar words or expressions. Factors that could cause future
results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include
general business, economic, competitive, political and social
uncertainties; the state of capital markets and risks that may
impact the Company's business, operations and financial condition.
Although the Company believes that the expectations reflected in
these forward-looking statements are reasonable, undue reliance
should not be placed on them because the Company can give no
assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Additional information on these and other factors that could affect
the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com). We
disclaim any obligation to update or revise these forward-looking
statements, except as required by applicable law.
SOURCE VanadiumCorp Resource Inc.