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VanadiumCorp Resource Inc. (TSXV:VRB) announced the appointment of Todd Richardson to the company’s advisory board as chief technical adviser.
VanadiumCorp Resource Inc. (TSXV:VRB) announced the appointment of Todd Richardson to the company’s advisory board as chief technical adviser.
As quoted in the press release:
Mr. Richardson is a chemical and process engineer with an extensive background in global vanadium operations management and technical services. Working primarily in the USA and Australia, his experience covers all phases of vanadium plant operation, from process design through commissioning and ramp up. With over 15 years in various management roles in vanadium operations, including his most recent role as General Manager Operations for Midwest Vanadium PL, he has demonstrated a commitment to the success of his team, strong financial acumen, and an ability to successfully lead the most challenging vanadium projects.
VanadiumCorp President and CEO, Adriaan Bakker, stated:
Mr. Richardson is one of the world’s most experienced and highly regarded professionals in the vanadium industry. Process technology creates significant opportunity to target metallurgical grade products such as battery electrolyte, pentoxide for steel alloys and catalyst for the automobile industry. Old processing technology has crippled existing producers as the price is currently low. The price of vanadium is volatile as most vanadium producers sell their future production to the cyclical steel industries. Vanadium makes the best batteries for grid storage applications. Stable supply and price is necessary for VRB batteries as vanadium electrolyte is half the cost of the battery and availability is scarce.
VanadiumCorp’s new Chief Technical Adviser, Todd Richardson, stated:
I am pleased to join the team of VanadiumCorp and am confident I will create value in advancing The Company’s vanadium projects. In vanadium batteries, the elimination of impurities in final vanadium products is critical, whereas steel producers have a much less stringent threshold for purity in commodity grade vanadium oxides, given the small amount of vanadium added to steel. Therefore, it is critical to understand the relevance of both supply and purity as the key advantage to create a new exclusive market for North America. I am facilitating the process analysis and design for a North American focused market study and aspects of the preliminary economic study currently underway. I am looking forward to a bright future with VanadiumCorp.
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