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American Vanadium Corp. (CVE:AVC) reports that pilot scale metallurgical testing resulted in the creation of two high quality products: vanadium pentoxide and vanadium electrolyte.
The press release is quoted as saying;
Purple flake is critical as a steel strengthener as well as for higher value applications in the titanium and chemical industries. Vanadium electrolyte, also a high value product, is used in vanadium flow batteries for utility scale energy storage. This emerging use for vanadium will greatly contribute to the integration of intermittent renewable resources into electrical grids and has the potential to create significant demand for vanadium.
American Vanadium’s President and CEO, Bill Radvak says:
“We are very excited as the textbook results of this pilot scale testing are an important validation of our metallurgical process.” “This is a major milestone as we have demonstrated that our process can produce vanadium products with higher value while also meeting the steadily growing needs of the steel industry. We will be using the resultant materials to pursue off-takes with steel companies as well as partnerships and joint ventures with vanadium flow battery technology and manufacturing companies.”
Click here to access the entire news release.
Click here to access American Vanadium’s company profile. (TSXV:AVC)