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Wednesday, December 12, 2018 - 11:37:09 AM
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Mining News Pro - VanadiumCorp and Electrochem Technologies and Materials have signed a patent option agreement allowing Ultra Pure Systems to purchase an exclusive licence to their VanadiumCorp-Electrochem processing technology (VEPT). The new technology will be used in the world’s first dedicated vanadium processing facility in Australia.
According to Mining News Pro -Ultra plans to integrate low cost battery grade vanadium electrolyte into vanadium redox batteries from virtually any source. VEPT can be applied at a fraction of the time and capital requirements of conventional vanadium extraction processes. The technology also reduces the related emissions. Operating costs are offset by the production of by-products.
Ultra has been granted a six-month option to acquire the licence for Australia in return for a payment of US$500,000. The licensing terms include minimum annual payments, financing fees, and royalty payments for all vanadium and by-products upon production.
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https://www.miningnews.ir/En/News/312863
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