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Most definitely! Very confident this stock is going to go from strength to strength
Looks like the GGB stock is heating up after their big news about Nevada today!
https://potstocknews.com/cannabis-stocks-to-watch-ggb-12-06-18/
Gonna be keeping a close eye on this stock if/when the penny finally drops on this Farm Bill!
https://www.bnnbloomberg.ca/cannabis-canada-daily-the-u-s-is-one-step-closer-to-legalizing-hemp-1.1175980
SLL's stock isn't doing too bad for an otherwise really slow day in the market!
https://microsmallcap.com/mining-penny-stocks-to-watch-sll-11-30-18/
SLL stock seems to be climbing steadily in an otherwise slow day for the market!
https://microsmallcap.com/mining-penny-stocks-to-watch-sll-11-27-18/
Analysis Report: United Battery Metals Corp.
Analysts from across the industry are returning with positive recommendations concerning United Battery Metals Corp. (OTCBB:UBMCF, CSE:UBM, FWB: 0UL), a junior vanadium miner in development of an impressive resource in Wray Mesa, Colorado.
Read the full report here:
https://microsmallcap.com/analysis-report-of-united-battery-metals-corp
United Battery Metals Hires Bullvestor Medien GMBH
United Battery Metals Corp. (CSE: UBM, OTC: UBMCF, FWB: 0UL)is pleased to announce it has engaged BullVestor Medien GmbH to assist in building awareness and to provide communications support for the company to a German audience.
BullVestor Medien GMBH will arrange and disseminate independent research articles related to the Company over the coming months as well as develop and implement a social media strategy.
For more info and the full report, follow this link
https://investorintel.com/sectors/technology-metals/technology-metals-news/united-battery-metals-hires-bullvestor-medien-gmbh-market-awareness/
Analysis Report on United Battery Metals
Analysts from across the industry are returning with positive recommendations concerning United Battery Metals Corp. (OTCBB:UBMCF, CSE:UBM, FWB: 0UL), a junior vanadium miner in development of an impressive resource in Wray Mesa, Colorado.
Read the full report at: https://microsmallcap.com/analysis-report-of-united-battery-metals-corp
Analysis Report on United Battery Metals
Analysts from across the industry are returning with positive recommendations concerning United Battery Metals Corp. (OTCBB:UBMCF, CSE:UBM, FWB: 0UL), a junior vanadium miner in development of an impressive resource in Wray Mesa, Colorado.
Read the full report at: https://microsmallcap.com/analysis-report-of-united-battery-metals-corp
Analysis Report on United Battery Metals
Analysts from across the industry are returning with positive recommendations concerning United Battery Metals Corp. (OTCBB:UBMCF, CSE:UBM, FWB: 0UL), a junior vanadium miner in development of an impressive resource in Wray Mesa, Colorado.
Read the full report at: https://microsmallcap.com/analysis-report-of-united-battery-metals-corp
United Battery Metals Corp. Up 8.89%!
Penny Stocks to Watch: United Battery Metals Corp. (OTC:UBMCF) (CSE:UBM)
United Battery Metals Corp. stock is trading up $0.12, or +8.89%, bringing the stock price to $1.47 currently on the CSE. The stock price has hit a low of $1.43 and a high of $1.51. The Company's trading volume is 353,344. So far, there have been 237 stock trades. United Battery Metals Corp. has a market cap of $36.58 million, with 24.89 shares in issue.
United Battery Metals Corp. recently arranged for a $500,000 private placement which will be used to continue the exploration of the company’s Wray Mesa vanadium project in Colorado.
Penny Stocks to Watch: United Battery Metals Corp. (OTC:UBMCF) (CSE:UBM)
United Battery Metals Corp. Up 8.89%!
Penny Stocks to Watch: United Battery Metals Corp. (OTC:UBMCF) (CSE:UBM)
United Battery Metals Corp. stock is trading up $0.12, or +8.89%, bringing the stock price to $1.47 currently on the CSE. The stock price has hit a low of $1.43 and a high of $1.51. The Company's trading volume is 353,344. So far, there have been 237 stock trades. United Battery Metals Corp. has a market cap of $36.58 million, with 24.89 shares in issue.
United Battery Metals Corp. recently arranged for a $500,000 private placement which will be used to continue the exploration of the company’s Wray Mesa vanadium project in Colorado.
Penny Stocks to Watch: United Battery Metals Corp. (OTC:UBMCF) (CSE:UBM)
United Battery Metals Corp. Up 8.89%
Penny Stocks to Watch: United Battery Metals Corp. (OTC:UBMCF) (CSE:UBM)
United Battery Metals Corp. stock is trading up $0.12, or +8.89%, bringing the stock price to $1.47 currently on the CSE. The stock price has hit a low of $1.43 and a high of $1.51. The Company's trading volume is 353,344. So far, there have been 237 stock trades. United Battery Metals Corp. has a market cap of $36.58 million, with 24.89 shares in issue.
United Battery Metals Corp. recently arranged for a $500,000 private placement which will be used to continue the exploration of the company’s Wray Mesa vanadium project in Colorado.
Penny Stocks to Watch: United Battery Metals Corp. (OTC:UBMCF) (CSE:UBM)
Has There Been A Better Time To Be Invested In Vanadium?
In recent weeks, market analysts have been buzzing about the future of vanadium and the value that it can provide as a means of energy storage, even go as far as branding it as a “super metal”.
This morning news emerged that Largo (TSX:LGO) has been allowed to expand a vanadium mine in Brazil, with some reports claiming that it will allow them to increase their output by as much as 25%. According to the statement, this mine boasts “one of the highest-grade vanadium resources in the world and is one of the lowest cost producers of the material in the market”. This substantial increase in capacity on time and on budget definitely makes Largo’s stock one to watch going forward.
This follows recent reports that United Battery Metals (CSE:UBM) (OTCBPK:UBMCF) have tripled their land position in their Wray Mesa project to over 3,000 acres where they’ll carry out a wide range of work such as geologic mapping, surfing reconnaissance, and geochemical sampling which will help them to identify potential drill targets. I’ll definitely be keeping a close eye on press releases going forward to see what the outlook is for UBM as the work continues.
Has There Been A Better Time To Be Invested In Vanadium?
In recent weeks, market analysts have been buzzing about the future of vanadium and the value that it can provide as a means of energy storage, even go as far as branding it as a “super metal”.
This morning news emerged that Largo (TSX:LGO) has been allowed to expand a vanadium mine in Brazil, with some reports claiming that it will allow them to increase their output by as much as 25%. According to the statement, this mine boasts “one of the highest-grade vanadium resources in the world and is one of the lowest cost producers of the material in the market”. This substantial increase in capacity on time and on budget definitely makes Largo’s stock one to watch going forward.
This follows recent reports that United Battery Metals (CSE:UBM) (OTCBPK:UBMCF) have tripled their land position in their Wray Mesa project to over 3,000 acres where they’ll carry out a wide range of work such as geologic mapping, surfing reconnaissance, and geochemical sampling which will help them to identify potential drill targets. I’ll definitely be keeping a close eye on press releases going forward to see what the outlook is for UBM as the work continues.
Has There Been A Better Time To Be Invested In Vanadium?
In recent weeks, market analysts have been buzzing about the future of vanadium and the value that it can provide as a means of energy storage, even go as far as branding it as a “super metal”.
This morning news emerged that Largo (TSX:LGO) has been allowed to expand a vanadium mine in Brazil, with some reports claiming that it will allow them to increase their output by as much as 25%. According to the statement, this mine boasts “one of the highest-grade vanadium resources in the world and is one of the lowest cost producers of the material in the market”. This substantial increase in capacity on time and on budget definitely makes Largo’s stock one to watch going forward.
This follows recent reports that United Battery Metals (CSE:UBM) (OTCBPK:UBMCF) have tripled their land position in their Wray Mesa project to over 3,000 acres where they’ll carry out a wide range of work such as geologic mapping, surfing reconnaissance, and geochemical sampling which will help them to identify potential drill targets. I’ll definitely be keeping a close eye on press releases going forward to see what the outlook is for UBM as the work continues.
Has There Been A Better Time To Be Invested In Vanadium?
In recent weeks, market analysts have been buzzing about the future of vanadium and the value that it can provide as a means of energy storage, even go as far as branding it as a “super metal”.
This morning news emerged that Largo (TSX:LGO) has been allowed to expand a vanadium mine in Brazil, with some reports claiming that it will allow them to increase their output by as much as 25%. According to the statement, this mine boasts “one of the highest-grade vanadium resources in the world and is one of the lowest cost producers of the material in the market”. This substantial increase in capacity on time and on budget definitely makes Largo’s stock one to watch going forward.
This follows recent reports that United Battery Metals (CSE:UBM) (OTCBPK:UBMCF) have tripled their land position in their Wray Mesa project to over 3,000 acres where they’ll carry out a wide range of work such as geologic mapping, surfing reconnaissance, and geochemical sampling which will help them to identify potential drill targets. I’ll definitely be keeping a close eye on press releases going forward to see what the outlook is for UBM as the work continues.
Appreciate the feedback man. Happy to help
UBM CEO on the vanadium market opportunity
“A couple of years ago it was trading at $2.50. Last Friday vanadium pentoxide flake closed at $33.10 a pound. That is a very significant run-up. There is a lot of pent-up demand for vanadium because there are so many different applications that are out there. The dominant use for it is in strengthening rebar. 90% of vanadium goes into rebar. Other applications for it are high-performance cutting tools and perhaps most importantly, storage batteries, that is putting a real heavy demand on vanadium as it is produced because there are no large international or national stockpiles of vanadium anywhere.” States Matthew Rhoades, President, CEO and Director of United Battery Metals Corp. (CSE: UBM), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Tracy Weslosky: Matt it is so nice to have you. I was looking through your background. You have a substantial history in geology and in the American resource sector in general. They have lured you over to become the CEO of United Battery Metals. Can you tell me how they did this? I am assuming it is because of the vanadium find you have?
Matthew Rhoades: That is the case. I do have a background in consulting on a project in central Nevada that involved vanadium. That and a combination that I am a CPG, a certified professional geologist, which makes me a qualified person for NI 43-101 reports, really kind of teed it up perfectly for this upcoming project on Wray Mesa where they already knew that they had a vanadium resource there, but they needed more to characterize it. They were looking for a person that really had my kind of background.
Tracy Weslosky: You are kind of putting your name on this. Vanadium has got to be the hottest critical material in the world in the market right now. Would you mind just stepping to the side for a second and telling us a little bit more about what is happening in vanadium since you are an expert?
Matthew Rhoades: It has had a bit of run-up in price just over the last 2 or 3 years; 2 years realistically. A couple of years ago it was trading at $2.50. Last Friday vanadium pentoxide flake closed at $33.10 a pound. That is a very significant run-up. There is a lot of pent-up demand for vanadium because there are so many different applications that are out there. The dominant use for it is in strengthening rebar. 90% of vanadium goes into rebar. Other applications for it are high-performance cutting tools and perhaps most importantly, storage batteries, that is putting a real heavy demand on vanadium as it is produced because there are no large international or national stockpiles of vanadium anywhere.
Tracy Weslosky: For those of you out in InvestorIntel who may not be aware of this, we always are drawing attention to issues of sustainability. It is my understanding that United Battery Metals is striving to be the first to production for vanadium in North America. Can you tell us what that timeline is like because that sounds exciting?
Matthew Rhoades: And it is because we are in an established mining district, the La Sal Creek Mining District, in western Colorado, that is already a mining favorable part of the world. We are already in an area populated by closed mines. It is going to be very easy for us to get back in and get back underground. There is one former mine on our Wray Mesa property called the Geo 1 Mine and we should be able to get underground there. But, we would like to be a producing operation and sending vanadium to market within the next 2 years
UBM CEO on the vanadium market opportunity
“A couple of years ago it was trading at $2.50. Last Friday vanadium pentoxide flake closed at $33.10 a pound. That is a very significant run-up. There is a lot of pent-up demand for vanadium because there are so many different applications that are out there. The dominant use for it is in strengthening rebar. 90% of vanadium goes into rebar. Other applications for it are high-performance cutting tools and perhaps most importantly, storage batteries, that is putting a real heavy demand on vanadium as it is produced because there are no large international or national stockpiles of vanadium anywhere.” States Matthew Rhoades, President, CEO and Director of United Battery Metals Corp. (CSE: UBM), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Tracy Weslosky: Matt it is so nice to have you. I was looking through your background. You have a substantial history in geology and in the American resource sector in general. They have lured you over to become the CEO of United Battery Metals. Can you tell me how they did this? I am assuming it is because of the vanadium find you have?
Matthew Rhoades: That is the case. I do have a background in consulting on a project in central Nevada that involved vanadium. That and a combination that I am a CPG, a certified professional geologist, which makes me a qualified person for NI 43-101 reports, really kind of teed it up perfectly for this upcoming project on Wray Mesa where they already knew that they had a vanadium resource there, but they needed more to characterize it. They were looking for a person that really had my kind of background.
Tracy Weslosky: You are kind of putting your name on this. Vanadium has got to be the hottest critical material in the world in the market right now. Would you mind just stepping to the side for a second and telling us a little bit more about what is happening in vanadium since you are an expert?
Matthew Rhoades: It has had a bit of run-up in price just over the last 2 or 3 years; 2 years realistically. A couple of years ago it was trading at $2.50. Last Friday vanadium pentoxide flake closed at $33.10 a pound. That is a very significant run-up. There is a lot of pent-up demand for vanadium because there are so many different applications that are out there. The dominant use for it is in strengthening rebar. 90% of vanadium goes into rebar. Other applications for it are high-performance cutting tools and perhaps most importantly, storage batteries, that is putting a real heavy demand on vanadium as it is produced because there are no large international or national stockpiles of vanadium anywhere.
Tracy Weslosky: For those of you out in InvestorIntel who may not be aware of this, we always are drawing attention to issues of sustainability. It is my understanding that United Battery Metals is striving to be the first to production for vanadium in North America. Can you tell us what that timeline is like because that sounds exciting?
Matthew Rhoades: And it is because we are in an established mining district, the La Sal Creek Mining District, in western Colorado, that is already a mining favorable part of the world. We are already in an area populated by closed mines. It is going to be very easy for us to get back in and get back underground. There is one former mine on our Wray Mesa property called the Geo 1 Mine and we should be able to get underground there. But, we would like to be a producing operation and sending vanadium to market within the next 2 years
That's a great question. As regards this company specifically, I don't know for sure. First Vanadium, Vanadium One Energy, Largo Resources and UBM are a few companies that I'll be paying close attention to going forward as I feel this space has a lot of potential.
The Outlook for Vanadium Market Is VERY Promising
I’m REALLY liking the look of the Vanadium market at the moment. Despite Largo Resources (LGORF; -1.98%) recent fluctuations in value, I think they could be one to watch going forward for sure and could be worth taking a second look at. First Vanadium Corp (FVAN; +7.92%) looks very good value right now too and will definitely be one I’m keeping my eye on.
Also thinking United Battery Metals (UBMCF; -0.39%) could be well set to meet the US demand for Vanadium with their Wray Mesa project in Colorado.
You can see the potential of this project when you look at some of the recent policy decisions in how the US will be looking to develop their own domestic resources. I recently came across a 43-101 that conservatively estimates that there are approximately 2.64 million pounds of vanadium in the area, which is definitely something I’m excited about looking ahead.
As well as that, there is a well-established infrastructure network in the area with access to a network of roads, water, electricity as well as a highly skilled workforce.
The Outlook for Vanadium Market Is VERY Promising
I’m REALLY liking the look of the Vanadium market at the moment. Despite Largo Resources (LGORF; -1.98%) recent fluctuations in value, I think they could be one to watch going forward for sure and could be worth taking a second look at. First Vanadium Corp (FVAN; +7.92%) looks very good value right now too and will definitely be one I’m keeping my eye on.
Also thinking United Battery Metals (UBMCF; -0.39%) could be well set to meet the US demand for Vanadium with their Wray Mesa project in Colorado.
You can see the potential of this project when you look at some of the recent policy decisions in how the US will be looking to develop their own domestic resources. I recently came across a 43-101 that conservatively estimates that there are approximately 2.64 million pounds of vanadium in the area, which is definitely something I’m excited about looking ahead.
As well as that, there is a well-established infrastructure network in the area with access to a network of roads, water, electricity as well as a highly skilled workforce.
The Outlook for Vanadium Market Is VERY Promising
I’m REALLY liking the look of the Vanadium market at the moment. Despite Largo Resources (LGORF; -1.98%) recent fluctuations in value, I think they could be one to watch going forward for sure and could be worth taking a second look at. First Vanadium Corp (FVAN; +7.92%) looks very good value right now too and will definitely be one I’m keeping my eye on.
Also thinking United Battery Metals (UBMCF; -0.39%) could be well set to meet the US demand for Vanadium with their Wray Mesa project in Colorado.
You can see the potential of this project when you look at some of the recent policy decisions in how the US will be looking to develop their own domestic resources. I recently came across a 43-101 that conservatively estimates that there are approximately 2.64 million pounds of vanadium in the area, which is definitely something I’m excited about looking ahead.
As well as that, there is a well-established infrastructure network in the area with access to a network of roads, water, electricity as well as a highly skilled workforce.
The Outlook for Vanadium Market Is VERY Promising
I’m REALLY liking the look of the Vanadium market at the moment. Despite Largo Resources (LGORF; -1.98%) recent fluctuations in value, I think they could be one to watch going forward for sure and could be worth taking a second look at. First Vanadium Corp (FVAN; +7.92%) looks very good value right now too and will definitely be one I’m keeping my eye on.
Also thinking United Battery Metals (UBMCF; -0.39%) could be well set to meet the US demand for Vanadium with their Wray Mesa project in Colorado.
You can see the potential of this project when you look at some of the recent policy decisions in how the US will be looking to develop their own domestic resources. I recently came across a 43-101 that conservatively estimates that there are approximately 2.64 million pounds of vanadium in the area, which is definitely something I’m excited about looking ahead.
As well as that, there is a well-established infrastructure network in the area with access to a network of roads, water, electricity as well as a highly skilled workforce.
Vanadium: The Critical Element Fueling A Major Trade War
The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC:UBMCF) (CSE:UBM) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX:LGO) (OTC:LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF), Vanadium One Energy Corp. (TSX.V:VONE), and First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF), which are eager to serve this growing marketplace.
Critical to Security
The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump’s executive order to break America’s dependence on foreign minerals
President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals’ (OTC:UBMCF) (CSE:UBM)Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased over 400 percent over the last three years.
The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.
Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.
Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a headstart in development, thanks to its 3,000-acre land package in Wray Mesa.
In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
Growing Pressure on Battery Infrastructure
EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.
The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.
Vanadium: Enabling the Energy Storage Revolution
Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don’t heat up when in use, and they can be charged and discharged at the same time. Today VRBs are being developed to work in conjunction with renewable power sources and EV’s.
Unfortunately, there isn’t currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.
VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.
According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.
A Head Start in the Race to Vanadium Production
United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.
Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.
With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.
United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.
Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately, the price of these vital elements has been exploding.
Others in the Vanadium Space
Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.
Vanadium One Energy Corp. (TSX.V:VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.
Largo Resources (TSX:LGO) (OTC:LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracs Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.
First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.
Vanadium: The Critical Element Fueling A Major Trade War
The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC:UBMCF) (CSE:UBM) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX:LGO) (OTC:LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF), Vanadium One Energy Corp. (TSX.V:VONE), and First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF), which are eager to serve this growing marketplace.
Critical to Security
The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump’s executive order to break America’s dependence on foreign minerals
President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals’ (OTC:UBMCF) (CSE:UBM) Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased over 400 percent over the last three years.
The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.
Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.
Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a headstart in development, thanks to its 3,000-acre land package in Wray Mesa.
In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
Growing Pressure on Battery Infrastructure
EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.
The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.
Vanadium: Enabling the Energy Storage Revolution
Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don’t heat up when in use, and they can be charged and discharged at the same time. Today VRBs are being developed to work in conjunction with renewable power sources and EV’s.
Unfortunately, there isn’t currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.
VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.
According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.
A Head Start in the Race to Vanadium Production
United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.
Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.
With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.
United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.
Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately, the price of these vital elements has been exploding.
Others in the Vanadium Space
Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.
Vanadium One Energy Corp. (TSX.V:VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.
Largo Resources (TSX:LGO) (OTC:LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracás Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.
First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.
Vanadium: The Critical Element Fueling A Major Trade War
The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC:UBMCF) (CSE:UBM) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX:LGO) (OTC:LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF), Vanadium One Energy Corp. (TSX.V:VONE), and First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF), which are eager to serve this growing marketplace.
Critical to Security
The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump’s executive order to break America’s dependence on foreign minerals
President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals’ (OTC:UBMCF) (CSE:UBM) Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased over 400 percent over the last three years.
The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.
Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.
Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a headstart in development, thanks to its 3,000-acre land package in Wray Mesa.
In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
Growing Pressure on Battery Infrastructure
EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.
The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.
Vanadium: Enabling the Energy Storage Revolution
Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don’t heat up when in use, and they can be charged and discharged at the same time. Today VRBs are being developed to work in conjunction with renewable power sources and EV’s.
Unfortunately, there isn’t currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.
VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.
According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.
A Head Start in the Race to Vanadium Production
United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.
Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.
With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.
United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.
Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately, the price of these vital elements has been exploding.
Others in the Vanadium Space
Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.
Vanadium One Energy Corp. (TSX.V:VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.
Largo Resources (TSX:LGO) (OTC:LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracás Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.
First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.
Vanadium: The Critical Element Fueling A Major Trade War
The move towards the adoption of electric vehicles (EV’s) along with solar and wind power generation has sparked interest in what could become the next super metal: vanadium. The United States doesn’t currently produce vanadium; however, United Battery Metals (OTC:UBMCF) (CSE:UBM) is in development of a world-class vanadium resource in Colorado. The vanadium redox battery (VRB) is a potentially revolutionary way to store energy, and major miners such as Largo Resources (TSX:LGO) (OTC:LGORF) may not be able to react quickly enough to offset the potential spike in vanadium demand. The adoption of VRB technology could provide a catalyst for the vanadium industry, a positive for companies such as Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF), Vanadium One Energy Corp. (TSX.V:VONE), and First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF), which are eager to serve this growing marketplace.
Critical to Security
The Department of the Interior deemed vanadium as one of the commodities considered critical to the economic and national security of the United States. This recognition is a result of President Donald J. Trump’s executive order to break America’s dependence on foreign minerals
President Trump has moved relentlessly against China on trade policy, a country that happens to be the global leader in vanadium production by a wide margin. Without Chinese vanadium to depend on, the United Battery Metals’ (OTC:UBMCF) (CSE:UBM) Wray Mesa, Colorado, project could help the US develop its own domestic vanadium supply. The price of V2O5 vanadium pentoxide flake 98 percent, a common form of vanadium, has increased over 400 percent over the last three years.
The global shift toward EVs is growing stronger. According to Forbes, China is subsidizing the purchase price of an EV by as much as $10,000 per vehicle. Beijing wants to curb its dependency on dirty fuel sources, which has required the government to slash the number of new vehicle registrations allowed in Beijing this year from 150,000 to just 100,000. Of those 100,000, 60 percent must be an EV.
Vanadium redox batteries offer a potentially game-changing solution for stationary storage units and charging stations. Unlike lithium-ion batteries, VRBs can be charged and discharged simultaneously, allowing up to 50 vehicles to connect to VRB charging stations at the same time. This means the trend towards EVs could require significant amounts of vanadium in the form of charging infrastructure to provide energy to these new vehicles.
Until recently the steel industry used the majority of the vanadium supply as an additive to strengthen steel. Demand in the steel industry continues to grow, thanks in part to the current administration’s support of domestic steel production, which has caused companies such as US Steel to open new facilities and cancel plant closures nationwide. Now it looks like vanadium could be vital for cutting-edge battery technology in addition to being a steel additive. There are currently no active vanadium producers in the United States, meaning United Battery Metals could have a headstart in development, thanks to its 3,000-acre land package in Wray Mesa.
In addition to the steel industry and car charging stations, VRB’s could play a critical role in grid power storage. Solar and wind power nationwide is a burgeoning industry that is growing exponentially with a shift to clean energy solutions. California has recently announced that by 2020 all homes and mid-rises will be required to install solar panels. It is here that VRBs can play a part. The ability to store power from low-usage periods and spill it back into the grid during peak demand periods makes VRB’s a far superior choice for large-scale energy storage than lithium-ion batteries. Experts predict that it is just a matter of time before this law will be adopted nationwide. Regulations such as these could become a big driver for vanadium demand in the United States, a country in desperate need of a domestic resource.
Growing Pressure on Battery Infrastructure
EV’s offer society an incredible transportation option that could drastically reduce carbon emissions. As the shift towards EV’s continues, a new network of charging stations could be necessary to provide the vehicles with electricity. With multiple governments already moving to regulate internal combustion engine vehicles, the move towards electric transportation has already begun, meaning the race is on to create the energy infrastructure necessary to support these new electric vehicles.
The electric vehicle revolution has required massive amounts of lithium to produce the lithium-ion batteries found in EV’s such as the Tesla. However, the next battery revolution could be built on a different resource altogether. As energy demands grow and the lithium-ion battery becomes as common as the lightbulb, new sources of energy have the potential to become the backbone of the next battery industry. In the case of vanadium, the unique properties of the metal have enabled new means of electric storage, which could greatly benefit vanadium miners such as UBM.
Vanadium: Enabling the Energy Storage Revolution
Vanadium redox batteries offer unique advantages that no other battery can match. Unlike lithium-ion batteries, VRB’s don’t heat up when in use, and they can be charged and discharged at the same time. Today VRBs are being developed to work in conjunction with renewable power sources and EV’s.
Unfortunately, there isn’t currently enough vanadium in production to meet growing demand. For United Battery Metals, the vanadium supply crunch in the United States offers a potentially lucrative opportunity. The company has a large land package in a politically stable jurisdiction, and its Wray Mesa project has the potential to become the lone vanadium producer in the country.
VRB’s also solve a common problem for sustainable power sources, offering an almost perfect solution for storing power at stationary power stations. They offer a long service life and can be recycled when they need to be replaced. VRB’s can also charge and discharge simultaneously, meaning a VRB-based power station could be capable of charging itself through the grid while also providing energy to vehicles or other devices.
According to Forbes, the number of EV’s sold globally is expected to increase from 1.2 million in 2017 to 2 million in 2019. This trend could also greatly benefit vanadium miners such as United Battery Metals, which are capable of providing enough of the super metal necessary to jumpstart the next battery revolution.
A Head Start in the Race to Vanadium Production
United Battery Metals could be in a prime position to meet US demand with its wholly controlled Wray Mesa project in the UraVan district of Colorado. This year the USGS added vanadium to its list of strategic elements, meaning the Wray Mesa project could become incredibly important to the United States and its national interests as the country focuses on developing its own domestic resources.
Wray Mesa has a chance to become the next major source of vanadium in the United States. According to a 43-101 prepared in 2013, Wray Mesa is sitting on an estimated resource of 2,640,000 pounds of vanadium. The property is also close to the town of La Salle, which has access to established roads, and municipal water only six miles away.
With a global scramble to lock down large amounts of high-grade vanadium taking place, UBM could be in an optimal position to capitalize on the trend. The UruVan district has a history of producing both uranium and vanadium, with a number of small mom-and-pop mines populating the area. Colorado is also a mining-friendly jurisdiction with a solid track record of protecting resource investments.
United Battery Metals has put together a land package that has an estimated resource of more than 2.6 million pounds of vanadium; However, the resource model the company used is based on exploration results that likely understated the resource. Very little modern drill work has been undertaken in the UruVan district, meaning there could be a lot more vanadium waiting to be found during exploration.
Most of the elements that will drive the shift away from carbon-heavy power are in short supply. Metals such as vanadium and cobalt have been an afterthought to industry for decades; however, lately, the price of these vital elements has been exploding.
Others in the Vanadium Space
Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF) owns the Gibellini project in Nevada, which is one of the only large-scale, open-pit vanadium projects of its kind in North America. The project is currently undergoing EPCM and EIS preparation and could be the right project at the right time.
Vanadium One Energy Corp. (TSX.V:VONE) is a mineral exploration company whose mandate is to acquire vanadium and manganese mineral projects within North America. The company plans to define the economic potential of its properties, define end markets, and process and refine raw materials onsite to create a closed-loop supply chain with end users.
Largo Resources (TSX:LGO) (OTC:LGORF) is a strategic mineral company focused on the product of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. One of the lowest cost producers of V205, the company currently operates the Maracás Menchen Mine in Brazil, an open pit mine that boasts consistent, robust production rates.
First Vanadium Corp. (TSX.V:FVAN) (OTC:CCCCF) is another mining company developing projects in North America. The company is working to catch up with vanadium demand through its Carlin project in Nevada. The Carlin project was originally discovered by Union Carbide Corp. in the 1960s, including 127 rotary drill holes that have systematically defined near surface shallow dipping deposits. First Vanadium is also exploring a copper project just outside of Jerome, Arizona.
Vanadium Market Growth Set To Continue
So far this year, the spot price of Vanadium has almost tripled in value. This has been brought about by a number of factors, the most important of which is the implementation of Chinese building code that requires the use of high-strength steel. A consequence of this is that the world’s largest producer of vanadium has now become a net importer of it, setting the ceiling of the industry sky high.
The growth of vanadium looks set to continue moving forward as vanadium flow-batteries (VFBs) continue to be the preferred choice over lithium-ion batteries in the rapidly growing industry of energy storage.
Experts in the field have found that not only are VFBs are more cost-effective, but have significant performance benefits when compared to their lithium-ion counterparts
More information available in the article linked below.
https://microsmallcap.com/united-battery-metals-provides-vanadium-commodity-update
VANCOUVER, BC / ACCESSWIRE / October 29, 2018 / United Battery Metals Corp. (CSE: UBM, OTC PINK: UBMCF, FWB: 0UL) ("United Battery Metals" or the "Company") is pleased to provide the following commodities update regarding the vanadium market.
During 2018, the vanadium spot price has risen from $10 (U.S.) per pound up to approximately $30 (U.S.) per pound, making vanadium the highest performing among the battery metals sector. Numerous factors such as the Chinese implementation of new building code requirements, which increases the need for high-strength steel, have led to this increase. China, the world's largest vanadium producer, has now become a net importer of vanadium. Although the majority of global vanadium output is currently used in strengthening steel, many experts predict that the deployment of vanadium flow batteries (VFB's) in large-scale energy storage applications over the next five years will significantly increase the demand for vanadium.
Vanadium is growing in importance for key industrial sectors, in particular steel and renewable energy. Currently, most of the world's vanadium is used in steel manufacturing applications. Its importance to the energy sector is also growing rapidly with vanadium being used in energy storage applications where its substantial cost and performance benefits make it a superior choice to lithium-ion batteries in several areas. As technology further develops, the amount of vanadium that will be required for energy storage in vanadium flow batteries is also expected to significantly increase.
Vanadium prices for 98 percent flake V2O5 (vanadium pentoxide) have steadily risen from under $3 (U.S.) per pound less than three years ago to approximately $30; its current price is $33.10 (U.S.) per pound.
The Company's common shares trade on the OTC Markets Group Inc.'s over-the-counter market in the United States and are DTC eligible with the Depository Trust Company (DTC), under the symbol UBMCF.
ON BEHALF OF THE BOARD OF
UNITED BATTERY METALS CORP.
/s/ Matthew Rhoades
Matthew Rhoades
Chief Executive Officer and Director
For further information, please telephone: (604) 428-9063
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. Except as required under applicable securities legislation, the Company undertakes no obligation to update or revise forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
SOURCE: United Battery Metals Corp.
Read more at http://www.stockhouse.com/news/press-releases/2018/10/29/united-battery-metals-provides-vanadium-commodity-update#uQM0srocwS5gUdOx.99