Exploration partners for vanadium mineral to recharge looming shortage

July 15, 2022

Vanadium is another material in lithium-based batteries that is also highly demanded. Its addition is known to promote better energy storage and is termed as “supercharged” batteries. In an Audi A2 electric car developed by DBM Energy and German utility Lekker Energie that is running on a lithium-vanadium battery, a distance of 600 kilometers was completely covered in just a single charge. Vanadium batteries were able to penetrate the marketplace and Vanadium Flow Batteries (VFB) are considered as one of the promising energy storage systems. They have an excellent charge and discharge mechanism that can provide electricity instantly, prevent self-discharging while idle and generating heat when charging, can charge and discharge simultaneously and has a charging cycle of more than 10,000.

However, the success of the commercialization of VFBs entirely depends on the certainty of price and supply of high-purity vanadium which is at more than 98.4% for battery application. This is an emerging opportunity for vanadium producers to supply this increasing demand for electric vehicle batteries. With the pressure from both government mandates and the commercial sector and limited vanadium supply on the horizon, a vanadium shortage is impending. According to the United States Geological Society (USGS), the annual worldwide production and reserves of vanadium last 2009 was near 63 million tons which is equivalent to 112,000 tons of V2O5. Additionally, China, representing 40% of the world’s vanadium supply, has switched from being the world’s largest producer to the world’s largest consumer which greatly affected the supply chain.

Partners are now needed for the discovery and exploration of vanadium for the shooting up demand for electric vehicle batteries. StrategX Elements Corporation is ready to commit to becoming a strategic partner in the discovery and sourcing of critical mineral resource deposits such as vanadium. StrategX Elements Corporation envisions a greener globe through their efforts on responsible mineral discovery for clean energy sources.

Reference:

“About Vanadium | Next Source”. 2022. bit.ly. https://bit.ly/3rCekTC.

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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