VANCOUVER, Nov. 5, 2019 /CNW/ - VanadiumCorp Resource Inc.
(TSX Venture Exchange: "VRB") ("Frankfurt Stock Exchange: "NWN")
("VanadiumCorp")(the "Company") is pleased to announce it has
formed a wholly owned subsidiary of VanadiumCorp Resource Inc.
focused on next generation vanadium redox flow battery "VRFB"
development in Germany named
VanadiumCorp GmbH.
VanadiumCorp GmbH introduces XRG® as next generation energy
storage technology powered by its own supply chain. Components are
both manufactured sustainably and are 100% reusable &
recyclable. With the lowest cost and carbon footprint, XRG intends
to revolutionize energy projects, renewable energy and entire power
grids. The facility for planned production is now acquired in
Rastatt close to Karlsruhe, Germany and construction will commence this
month. Partnerships locally will provide further product evolution.
XRG® is a VanadiumCorp GmbH technology. More information is
available at www.xrg.com.
VanadiumCorp 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.