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By: Richard Mowat | POSTED: 07/23/12 12:16 PM FILED AS: American Vanadium Corp. COMMENTS FEED: RSS 2.0; |
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American Vanadium Targets Defense
Jul 16, 2012 | 10:31 AM | Leanna Orr
NEW YORK — American Vanadium Corp.’s Gibellini project will be able to generate high-purity vanadium products suitable for aerospace alloys and flow battery systems, according to the company’s chief executive officer.
“It’s all about a different refining process,” Bill Radvak told AMM. “Recent lab tests showed just what we had hoped all along. We set the expectation of supplying ferrovanadium for the steel market in our feasibility study, but that’s a low-grade product. Now our goal in designing the facility is to do it all.”
The Gibellini Mine in Nevada’s Eureka County is in the technical design and permitting phase, according to Radvak, and will start production within three years.
Producing high-grade electrolyte, powders, crystals and oxide pellets will require design considerations but no additional capital, according to Vancouver, British Columbia-based American Vanadium, which is now aiming to supply vanadium electrolyte in sufficient quantities for large vanadium-sulfuric acid batteries. Radvak said his company likely would announce one or two partnerships with manufacturers by the end of the year.
American Vanadium will be the sole domestic source of the metal, a key ingredient in lightweight, high-grade titanium-vanadium-aluminum alloys used by the aerospace and defense sectors.
“We’re looking to corner the defense market and be the secure, domestic source,” said Radvak. Even as a Canadian company, “it’s in the best interest of our shareholders, the United States and us to exploit this position.” South Africa, China and Austria are the main exporters of vanadium to the United States.
The mine could produce about 11.4 million pounds of vanadium pentoxide annually at a cost of $4.11 per pound, according to the project’s feasibility study.
American Vanadium Corp. (TSX-V: AVC)(OTCBB: AVCVF)(FRA: OUA) – Corporate Presentation by President & CEO, Bill Radvak at the Chicago Resource Expo – April 28, 2012. American Vanadium Corp. is a mining and exploration company currently developing its Nevada-based Gibellini Vanadium Project. This world-class vanadium resource represents the opportunity to become North America’s only primary producer of vanadium while meeting approximately 5% of global vanadium demand.
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www.americanvanadium.com America’s grid energy power storage systems will include more vanadium redox batteries in the future. American Vanadium is developing the Gibellini Vanadium Project in Eureka, Nevada. This world-class vanadium resource represents the opportunity to become North America’s only primary producer of vanadium for the mass energy storage and electric car industry, as well as the steel industry.
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Interview: American Vanadium Corp. (TSX-V: AVC) President & CEO, Bill Radvak at the Chicago Resource Expo – April 28, 2012
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