VanadiumCorp Resource Inc. (TSXV:VRB) (FSE:NWNA) (OTC:VRBFF) has successfully secured an Australian patent for its innovative hydrometallurgical process, marking a significant milestone in the company’s efforts towards decarbonizing electrical grids through the development of Vanadium Flow Batteries (VFBs).

VanadiumCorp’s VEPT Patent Expands to Australia

VanadiumCorp is excited to announce the Australian Government’s issuance of a patent for its Vanadiumcorp-Electrochem Process Technology (VEPT), spearheaded by esteemed electrochemist Dr. Francois Cardarelli. This patent solidifies the company’s strategy in harnessing vanadium from various sources, extending its protection sphere into a region abundant with vanadium resources. The VEPT technology showcases a profound leap in energy efficiency over traditional methods by leveraging concentrated sulfuric acid for extraction, significantly reducing energy consumption.

Innovative Process at the Heart of Vanadium Extraction

The VEPT technology is a game-changer in the industry, focusing on the extraction of valuable metals while minimizing environmental impact. The process not only recovers vanadium but also iron and titanium from different feedstocks, paving the way for cleaner production methods in line with global sustainability goals. Paul McGuigan, CEO of VanadiumCorp, highlights the strategic importance of the Australian patent, allowing the company to safeguard its proprietary process amidst the country’s vigorous mining activities.

Future Prospects and Company Ambitions

Looking towards the future, VanadiumCorp remains committed to enhancing the supply chain for VFBs with a steady stream of high-quality vanadium electrolytes. The company’s initiatives, including the operation of its initial manufacturing facility in Québec and the exploration of expansion opportunities, underline its dedication to contributing significantly to the energy storage market and beyond.

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