Core Insights - VanadiumCorp Resource Inc. has established a wholly-owned subsidiary, Vanadium Énergie Nordique Inc., to lead the development of its pilot plant in Val-des-Sources, Québec [1][3] - The pilot plant aims to validate electrolyte processing technology and demonstrate the commercial viability of producing high-purity vanadium products, supporting the company's vision of a vertically integrated vanadium supply chain in Canada [2][5] - The creation of the subsidiary allows for a strategic separation of mining operations from electrolyte processing, enabling the company to focus on core strengths and position for future growth and partnerships [3] Company Overview - VanadiumCorp Resource Inc. is a Canadian mineral exploration company focused on developing vanadium-rich assets, particularly the Lac Doré Vanadium Project, which has shown high-purity vanadium suitable for energy storage applications [5] - The company has built an electrolyte pilot plant designed to test extracted vanadium materials and produce vanadium electrolyte for vanadium redox flow batteries (VRFBs) [5] - With vanadium and titanium designated as Critical Minerals in Canada and the U.S., the company aligns with national strategies to strengthen domestic supply chains [5]
VanadiumCorp Establishes Wholly-Owned Subsidiary, Vanadium Energy Nordique Inc. to Advance Pilot Plant Development