Redox Flow Batteries Intensifies the Need for Vanadium

July 1, 2022

The demand for efficient energy storage through “green” batteries and microgrids is steadily increasing throughout the years as solutions for intermittent renewable energy are continuously sought. Redox flow batteries, or RFBs, are seen to be ideal in large-scale storage of solar and wind energy for use around the clock. With this, the said technological discovery and implementation is set to overtake the latter in terms of total storage capacity by 2031, relieving some of the stress off the high demands on the lithium-ion battery, according to IDTechEx, a United Kingdom-based market and business research firm.

In this technology, vanadium will be utilized in both the positive and negative electrolyte solutions as it can exist in four different oxidation states, preventing cross-contamination due to the same anode and cathode materials. Furthermore, its storage system uses liquid vanadium electrolyte that never degrades. Thus, Vanadium RFBs offer ease of scalability, reliability, flexibility, quick response, and safety when compared to the traditional lithium-ion and other batteries used in the industry.

However, solutions to the challenges in the extraction of Vanadium are currently explored. Different technologies, such as those of the VandiumCorp Electrochem Process Technology, aim to extract vanadium with less use of heat and with more efficient recovery methods of vanadium iron, titanium from the host deposits of vanadiferous titanomagnetite. This is much cleaner and more efficient than conventional roasting and smelting, and also enables the recovery the iron and titanium. Thus, the efficient recovery and added revenue from the selling of the mentioned metals is expected to lower the cost of producing battery-grade vanadium.

To unlock the global supply of Vanadium, substantial resource bases must be explored. Canada, along with the United States, is known to host rich deposits of Vanadium. And through StrategX Elements Corporation, the exploration of highly mineralized areas in the country, and prospectively, the extraction of such critical metal would boost the supply chain of Vanadium as the world propels to the use of green technology and renewable energy.

Reference:

News, North. 2022. “Battery Valences Power Vanadium Demand”. North of 60 Mining News. (https://bit.ly/3Gk8rhL).

About StrategX

StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories, and the Melville Peninsula, Nunavut, we’re leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 604-379-5515

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

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All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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