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Stina Announces Definitive Agreement for Acquisition of Pure Vanadium
Nov. 16, 2017 10:42AM PST
Battery MetalsStina Resources (CSE: SQA) (OTCQB: STNUF) (FSE: 01X) (“Stina” or the “Company”) is pleased to announce the definitive agreement for the acquisition of Pure Vanadium Corp. (“Pure”). This acquisition supports Stina’s long-term objective of becoming North America’s first vertically integrated producer of vanadium electrolyte for the energy storage industry. In July 2017, Stina announced a …
Stina Resources (CSE: SQA) (OTCQB: STNUF) (FSE: 01X) (“Stina” or the “Company”) is pleased to announce the definitive agreement for the acquisition of Pure Vanadium Corp. (“Pure”). This acquisition supports Stina’s long-term objective of becoming North America’s first vertically integrated producer of vanadium electrolyte for the energy storage industry.
In July 2017, Stina announced a Letter of Intent with Pure Vanadium, and following a thorough review of the company’s technology and other relevant matters a definitive agreement has now been finalized.
Brian Stecyk, President & CEO, Stina Resources, said:
“The development of battery technology is progressing rapidly throughout the world with vanadium redox flow batteries being one of the main new technologies for grid-scale energy storage.
The combination of our vanadium resources in Nevada and new applications for vanadium in battery technology will progress Stina towards its goal of being a leading vertically integrated producer of vanadium electrolyte.”