VanadiumCorp Resource Inc. announced the attainment of significant milestones in the establishment of the Company's test facility for manufacturing vanadium electrolytes. Site selection is complete, and equipment procurement has begun. The Company has secured the primary electrolyte manufacturing equipment from leading international process equipment suppliers.

The electrolyte facility will be located at the Carrefour dInnovation sur les matriaux de la MRC des Sources (CIMMS), in Val-des- sources, Qubec. The initial test facility is sufficient to provision 6.2 MWh of VRFB storage per year. Contingent on sales, potential production at the CIMMS site can expand incrementally according to market needs using modular production-line design, each module with a capacity of 4 million litres/year, each providing about 80 MWh of VRFB storage Per year.