Strategic Resources Announces Joint Testing Program has Commenced with VanadiumCorp
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VANCOUVER, BC, May 10, 2021 /PRNewswire/ -
Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") is pleased to announce it has commenced joint hydro-metallurgical testing with VanadiumCorp Resource Inc. (TSXV: VRB)("VanadiumCorp") using their patented and proprietary green recovery process named VanadiumCorp Electrochem Process Technology ("VEPT") on titanomagnetite concentrate from Strategic's wholly-owned Mustavaara Project in Finland. The ongoing testing campaign is being performed by Electrochem Technologies & Materials inc. ("Electrochem") at its facilities in Boucherville, Quebec, Canada. The program will test whether this clean energy technology from VanadiumCorp would be viable on Mustavaara's material and could provide an alternative and more environmentally friendly way to extract vanadium and iron versus the conventional smelting methods evaluated in the Preliminary Economic Assessment for the Project (see news release dated May 4, 2021). Vanadium end products produced by the VEPT process favour the rapidly emerging Vanadium Redox Flow Battery industry in contrast to the current flowsheet, which produces ferrovanadium used in the steel industry. In addition, the process offers the potential for commercial-grade titanium production as a third revenue stream for the Project.