AVCVF Monitor Ventures Inc (CE)

AMERICAN VANADIUM CORP. (“American Vanadium” or the “Company”) (TSX.V: AVC) (OTCQX: AVCVF) announces that the Company is engineering its process to include the production of higher valued vanadium products for the premium chemical and titanium alloying industries without increasing capital or operating costs. This decision is based on recent laboratory testing demonstrating the ability to produce high purity vanadium at its Gibellini Project located in Nevada.

As the Company continues to make progress with the permitting process and detailed engineering design of the Gibellini Project, the Company will focus on producing vanadium electrolyte, powders, crystals and oxide pellets for premium markets such as grid scale flow battery systems, chemical and pollution control applications as well as for the aerospace and defense industry.

“As we develop the only domestic vanadium mine, our overriding corporate objective remains to build the vanadium flow battery business in the US through partnerships with global technology leaders,” said Bill Radvak, President and CEO of American Vanadium. “As the energy storage industry grows over time, it will consume an ever increasing percentage of our product mix as vanadium electrolyte. In the meantime, we can now increase project profitability by directing our product line towards other higher margin products rather than simply selling 'purple flake' to the steel industry.”

The US currently imports 100% of its raw vanadium products for use in the critical aerospace and chemical industries. The products come from countries such as Venezuela, Mexico, China and South Africa. Fifteen percent of the total vanadium consumption in the US (31 million pounds vanadium pentoxide equivalent per year) is consumed by the aerospace industry in the way of titanium vanadium aluminum alloys, while a further six percent is used in the chemical industry for critical products such as catalytic converters, sulphuric acid catalyst, etc. The Gibellini Mine is being designed to produce over 11 million pounds of vanadium pentoxide equivalent per year.

About American Vanadium Corp.

American Vanadium is developing the only vanadium mine in the United States. The Company’s Gibellini Project, located in Nevada, is being designed to economically produce vanadium products for the steel and alloying industries, as well as vanadium electrolyte for the energy storage industry. This strategic asset gives American Vanadium the opportunity to vertically integrate into the highest value market, Micro Grid Energy Storage. A positive Feasibility Study and updated National Instrument 43-101 on the Gibellini Project were completed by AMEC E&C Services in 2011.

ON BEHALF OF THE BOARD

Bill Radvak, President and CEO

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-Looking Statements: This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements regarding the expected use of proceeds from the Private Placement, and future plans and objectives for the Gibellini Project. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of American Vanadium to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Forward-looking information includes estimates of mine production rates and mine life, revenues from future mining operations, capital and operating costs, and pay-back period. Factors that may cause actual results to vary include, but are not limited to, actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of vanadium; possible variations in reserves, grade or recovery rates; changes to capital and operating cost estimate, delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although American Vanadium has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. American Vanadium does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

Monitor Ventures (CE) (USOTC:AVCVF)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025

Monitor Ventures (CE) (USOTC:AVCVF)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025