Dear shareholders and friends,
Vanadium Redox Flow Battery "VRFB,VFB,VRB" deployment is gaining pace in the energy storage sector. The most compelling recent news is the California Energy Commission selecting Invinity VFB technology over lithium for 8 Megawatt-hours of energy storage projects. Further to this development, the UK government has loosened the planning rules on large scale energy storage units making it more attractive for the battery technology industry. The VRFB is now the fastest growing market for vanadium which is forecast to require enormous amounts of vanadium. This growing demand bodes well for the development of VanadiumCorp's strategic mining assets and green technologies.
Sincerely,
Adriaan Bakker
President & CEO VanadiumCorp