2018 Objectives and 2017 Milestones

Par VanadiumCorp. Resource inc. le Lundi 8 janvier 2018

Dear shareholders and friends,

 

Thank you for all of your support. The last year started with the joint patent application of our new process technology innovation with Electrochem Technologies and Materials Inc. and completed with the public filing of our positive preliminary economic assessment NI-43-101 report completed by IOS Services Geoscientifiques Inc. 2018 objectives include commercial demonstration for VanadiumCorp-Electrochem Process Technology and next phase of resource development.

 

2017 Milestones Include:

Q1 Joint patent application, MOU with Electrochem and Phase I Testing

Q2 Phase I Complete, Phase II Trial Production Commences

Q3 Phase II Expansion and Global Feedstock Testing Commences

Q4 Positive Preliminary Economic Assessment NI 43-101 Report on Lac Dore Project filed and Phase II Trial Production Complete for VanadiumCorp-Electrochem Technology

 

Vanadium Market Price: Global V2O5 sales remains strong in December with the range in December posted at US$9.60/lb to US$9.90/lb (Source: Metal Bulletin).

 

2018 Objectives Include:

1.)   Piloting the technology at client locations using custom designed units mounted onto a skid

2.)   Commercial plant in Canada or located internationally

3.)   Global licensing and deployment strategy for the two technologies

4.)   Continued prototype and pilot testing and evaluation of the robustness of the technologies for the vanadium, steel, oil and energy storage industries

5.)   Patent development

6.)   Next phase of resource development

 

Thanks to our partnership with Electrochem Technologies and Materials Inc. and independent consultant IOS Services Geoscientifiques Inc., 2017 was a success reflected in appreciation of share value and significant milestones.

 

We look forward to continued success in 2018 and remain committed to building shareholder value.

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