Launching Electrolyte Production

Production has commenced from VanadiumCorp Plant No. 1. located in Val-des-Sources, Québec, at the Carrefour d’Innovation sur les Matériaux de la MRC des Sources (CIMMS).

Vanadiumcorp is on track to produce up to 250,000 litres annually from its pilot plant, sufficient to store some 4.75 MWh of electrical energy storage in VFB installations.


Electrolyte Plant No. 2

Pre-engineering scoping is almost complete for Plant No. 2, Phase 1, with an estimated CDN $20 Million CapEx. The production capacity is estimated at 4 million litres of electrolytes per year. As part of that scoping, VanadiumCorp submitted a $5 million NRCan grant application to assist with the CapEx.

Plant No. 2, Phase 2, is scoped for an additional 4 million litres per year on the same site, enabling greater operating efficiency.

Using the hands-on engineering experience of Plant No. 1 & 2, VanadiumCorp will optimize the design of standard production modules. Additional production modules, each of about 4 million litres per year, will be proximal to markets in the EU and North America. The goal is to produce 26 million litres of electrolytes annually by 2028, sufficient to provide about 500 MWh of energy storage in VFBs annually.

Long-term Access to Vanadium Feedstocks

To assure stable, long-term access to vanadium feedstocks for electrolyte manufacturing, the Company is developing novel pyrometallurgical and hydrometallurgical processes to extract vanadium from the titanomagnetite deposits at its wholly owned Lac Doré property near Chibougamau, Québec.