Battery | Niobium Price

Vanadium Redox Flow Battery To Control Extreme Power Ramps In Rooftop PV


Researchers in Portugal have tested how vanadium redox flow batteries can be integrated with rooftop PV to balance the system load to ensure firm power output. They proposed a 5 kW/60 kWh battery configuration for a 6.7 kW building-integrated PV microgrid. According to their findings, the battery can be used in different energy management strategy scenarios to better complement solar photovoltaic generation.

Silver Elephant Announces Filing of Preliminary Economic Assessment for the Gibellini Vanadium Project, Nevada, USA


Vancouver, British Columbia, October 14, 2021 – Silver Elephant Mining Corp. (“Silver Elephant” or the “Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce that, further to its press release dated August 30, 2021, it has filed its independent Technical Report titled “Gibellini Vanadium Project, Eureka County, Nevada, NI 43-101 Technical Report on Preliminary Economic Assessment Update” (the “Report”) with a report date of October 8, 2021 and an effective date of August 30, 2021. The Report was prepared by Wood Group USA, Inc (Wood) and Mine Technical Services Ltd. (MTS). The report has been filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration company in silver, nickel, and vanadium.

Further information on Silver Elephant can be found at www.silverelef.com.

SILVER ELEPHANT MINING CORP.

ON BEHALF OF THE BOARD

“John Lee”

Executive Chairman

For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com www.silverelef.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the 2021 PEA representing a viable development option for the Gibellini project; (ii) construction of mining project operations and related actions; (iii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of sustaining capital and the duration of financing payback periods; (iv) the estimated amount of future production, both produced and metal recovered; and (vi) life of mine estimates and estimates of operating costs and total costs, cash flow, net present value and economic returns including internal rate of return estimates from an operating mine constructed at the Gibellini project. All forward-looking statements are based on Silver Elephant’s or its consultants’ current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include: (i) the presence of and continuity of vanadium mineralization at the Gibellini project at estimated tonnages and grades; (ii) the geotechnical and metallurgical characteristics of rock conforming to sampled results; (iii) infrastructure construction costs and schedule; (iv) the availability of personnel, machinery and equipment at estimated prices and within the estimated delivery times; (v) currency exchange rates; (vi) vanadium sale prices; (vii) appropriate discount rates applied to the cash flows in the economic analysis; (viii) tax rates applicable to the proposed mining operation; (ix) the availability of acceptable financing on reasonable terms; (x) projected recovery rates and use of a process method, that although well-known and proven on other commodity types such as copper, has not been previously brought into production for a vanadium project; (xi) reasonable contingency requirements; (xii) success in realizing proposed operations; and (xiii) assumptions that project environmental approval and permitting will be forthcoming from county, state and federal authorities. The economic analysis is partly based on Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the2021 PEA based on these Mineral Resources will be realized. Currently there are no Mineral Reserves on the Gibellini property. Although the Company’s management and its consultants consider these assumptions to be reasonable based on information currently available to them, such assumptions may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward-looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost estimate and economic analysis information was prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period. These factors should be considered carefully, and readers should not place undue reliance on Silver Elephant’s or its consultants’ forward-looking statements. Silver Elephant and its consultants believe that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant and its consultants have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Silver Elephant and its consultants undertake no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law. Powered by TCPDF (www.tcpdf.org)

Fujian Sanming Vanadium-Nitrogen Bidding Price On 3 Nov 2020


Product 
Spec.
Price (RMB/TON)
Qty(ton)
Basis
Vanadium-nitrogen
VN16
119,700
100
Cash with tax

www.ferroalloynet.com

V2O5 Flake Transaction Report On 14 May 2020


Product Spec. Region Time Qty(ton) Price(Yuan/ton) Basis
V2O5 flake 98 Sichuan(sell) 14 May 32 95,000 Cash with tax

www.ferroalloynet.com

Bushveld Minerals, redT Energy Set Up Vanadium Battery Partnership


Bushveld Minerals Ltd on Monday announced a joint venture with redT Energy PLC, an energy storage firm.

Bushveld, a vanadium miner with assets in South Africa which also has an energy storage business, said the partnership will see vanadium electrolyte be used in third party-owned vanadium redox flow battery projects developed by redT.

The joint venture will focus on vanadium redox flow battery projects in Europe over an initial period of two years. Its initial target will be 15 megawatt hours of batteries to the market, needing 80 metric tonnes of vanadium from Bushveld.

Bushveld Chief Executive Fortune Mojapelo said: “Driving vamadium redox flow battery adoption will allow Bushveld to command meaningful market share in the growing stationary energy storage market whilst growing long term, structural demand for vanadium.

“Costs to users will be key. On a lifecycle basis vamadium redox flow batteries are competitive but reducing upfront capital costs will speed market wide take-up versus rival technologies. The rental model Bushveld is pioneering will reduce purchase and installation costs, taking advantage of the re-usability and consequent positive residual value of the vanadium electrolyte.”

“In addition, the electrolyte rental model, along with structurally higher demand, will reduce volatility in vanadium prices,” Mojapelo continued.

“This joint venture will deepen and strengthen our relationship with redT and allow Bushveld to develop further expertise in financial modelling and legal structuring of the vanadium electrolyte rental model.”

redT in its own statement said it was “pleased” to announce the partnership with Bushveld.

redT also said Monday it has got the go ahead for the Energy Superhub Oxford project, meaning it can now start production five megawatt hours worth of vanadium redox flow batteries.

The project is a three-year, GBP41 million development part-funded by the UK government. The agreement will Bushveld will supply the vanadium needed.

Bushveld shares were 7.8% lower on Monday shortly after midday in London at 15.68 pence each.

redt shares are currently suspended. In July it announced a merger with Avalon Battery Corp, which is deemed as a reverse takeover under AIM rules, hence the trading suspension.

The merger is a share-for-share acquisition of Avalon by redT, with redT shares valued at 1.65 pence each, valuing Avalon at USD37.5 million.

www.ferroalloynet.com

State Council: Tariff Exclusion Applications Allowed For Some Companies


On February 18th, Customs Tariff Commission of the State Council issued a notice, which noted that the commission will accept applications from companies in China starting from March 2nd, and review applications “one by one” before the tariff exclusion. Companies which can get approval should meet certain standards and purchase products from the US based on “market-oriented and commercial principles”. The tariff exclusion is for the additional levies China imposed on US imports as countermeasures against Section 301, it said.

www.asianmetal.com

Energy Fuels CEO: We Have the Only Vanadium Processing Plant in North America


Date: Feb 12, 2019

Energy Fuels‘ (TSX:EFR,NYSEMKT:UUUU) Mark Chalmers feels optimistic about the future prospects for both the uranium and vanadium markets. As the largest uranium producer in the US and the only primary producer of vanadium in the country, Energy Fuels is positioned to capitalize on the strategic interest of the US on these two critical materials.

Energy Fuels‘ (TSX:EFR,NYSEMKT:UUUU) Mark Chalmers feels optimistic about the future prospects for both the uranium and vanadium markets. As the largest uranium producer in the US and the only primary producer of vanadium in the country, Energy Fuels is positioned to capitalize on the strategic interest of the US on these two critical materials.

In the interview below, Chalmers describes the landscape for both the uranium and vanadium markets, particularly with regards to their role in the green economy. He also addresses what it means to be a US-based producer in a time where the country is focused on developing domestic production of critical materials.

Investing News Network: How is it that your company is positioned for growth in the green economy? What makes your properties key to supplying increasing demand in that sector?

Energy Fuels CEO Mark Chalmers: I think that the fact that we are producers of both uranium and vanadium really is a differentiator for the company. We’re the largest producer of uranium in the US, and the only primary producer of vanadium. That is a unique combination because you have baseload energy with uranium and vanadium is getting increasing attention for renewable energy storage, as well as its common use as a steel strengthener. I’m proud of how we are positioned in this space.

INN: Let’s talk about the growing demand for uranium. If we’re going to be moving to greener sources of power generation, we’re going to need uranium.

MC: Correct. I think that there’s a growing realization that you cannot get there with renewables alone. Nuclear power use is growing particularly in Asia, India and is pretty stable in the other parts of the world. You’re not going to get there without a clean baseload energy like nuclear.

INN: There’s a sense that nobody is building nuclear power generation plants any longer. That’s not true, is it?

MC: No it’s not true. Most of the growth is in China, India, and of course, there are a number of reactors that are being constructed today. There’s a few in the US and in Europe, but the growth is definitely in these developing countries.

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Shaanxi Steel Group Hancheng Steel Company Vanadium Nitrogen Bidding Price on 28 January, 2019


Date: Jan 30, 2019

ProductSpec.DatePrice (RMB/TON)Qty(ton)Basis
FerrovanadiumVN 1628 Jan.35400060Acceptance with tax

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Canada Battery Maker Says Flow Storage Costs to Tumble by Half


Date: Dec 25, 2018

CellCube Energy Storage Systems Inc., a Canada-listed maker of batteries that can last for as long as two decades, said the cost of its technology may halve within four years, potentially boosting its uptake over lithium-ion units.

Costs of its vanadium redox flow battery units, which can discharge power for four hours, will decline to $150 per kilowatt hour from $300, President Stefan Schauss said in a phone interview from Toronto this month. Batteries with eight hours of duration will slump to $100 from $200, he said.

Utilities and renewable energy suppliers are increasingly looking to store intermittent wind and sun-generated power to balance out power flows to grids and deploy the electricity when demand peaks. About $620 billion in investment will be required to meet the global energy storage needs that will surge to a cumulative 942 gigawatts by 2040, according to Bloomberg NEF.

“The stationary energy storage market is in an inflection point,” said Schauss, adding that users increasingly prefer storage with longer duration. Combined with falling costs of flow batteries, “lithium batteries may have a hard time to compete.”

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