VanadiumCorp Resource Inc (TSX-V:VRB) announced that its technical team is conducting the final stages of process optimization for its first vanadium electrolyte production plant located in Québec.
The company said that the plant is functioning as designed and calibration electrolyte batches are running as expected.
It added that construction advisors from C-Tech UK have concluded their work and left the site.
CEO Paul McGuigan said that VanadiumCorp will enter midstream into the vanadium flow battery (VFB) supply chain with the production of vanadium electrolytes for original equipment manufacturers (OEMs).
“With the initial production of electrolytes from Plant No. 1, VanadiumCorp is on track to produce up to 350,000 litres of electrolytes annually, sufficient to store some 6.8 MWh of electrical energy in VFB installation,” McGuigan said.
“The company welcomes inquiries from those VFB OEMs seeking a reliable, made-in-Canada source of high-purity vanadium electrolytes."
The company noted that, in tandem with the design and construction of the first plant, its technical team has been preparing a scoping-level engineering study for a 4 million litres per year plant.
It expects that, upon securing offtake contracts, it will take about 18 months of engineering, procurement, and construction to open a second plant.
VanadiumCorp Resource is developing novel hydrometallurgical processes to extract vanadium from the titanomagnetite deposits at its wholly owned Lac Doré property near Chibougamau, Québec. Its initial manufacturing facility is in Val-des-Sources, Québec.