TSX-V-listed VanadiumCorp would target the primary vanadium electrolyte (VE), vanadium chemicals and the vanadium pentoxide (V2O5) markets to maximise competitive advantage, as it embarks on a preliminary economic assessment (PEA) for its 100%-owned Lac Dore project, in Quebec.
The company announced that following discussions with various vanadium battery developers, the company was encouraged that unlike current production methods, primary VE technology would eliminate costly conversions of metallurgical grade V2O5 to VE, as currently used by existing VE producers.
