US Vanadium LLC Announces Agreement to Acquire Evraz Stratcor, Inc.

New York City (August 12, 2019) – U.S. Vanadium LLC (“ US Vanadium”) announced that it has signed an agreement to acquire Evraz Stratcor Inc. (“ Evraz Stratcor”), which owns and operates a Hot Springs, Arkansas facility that produces high-purity vanadium oxides and downstream vanadium chemicals to customers in the catalyst, chemical, petrochemical, titanium, and energy storage industries.

One of the world’s leading producers and suppliers of vanadium alloys and chemicals, the Evraz Stratcor facility has produced vanadium and other products in Hot Springs since the late 1960s. It has a nameplate capacity to process approximately 12 million lbs./year of Vanadium Pentoxide (“V2O5 ”) and consistently produces the highest-purity V2O5 in the world as a result of the unique processes employed. High purity vanadium oxides and chemicals are used in industries and applications such as the following:

titanium alloys for aerospace applications; oxidation catalysts for the production of basic chemicals including sulfuric acid; petrochemicals including maleic anhydride and phthalic anhydride; pollution control catalysts; pigments for high quality paints; and a variety of other industrial applications.

High-purity V2O5 and V2O3 are used at Hot Springs to produce the purest vanadium electrolyte in the world for vanadium redox flow batteries (VRBs). Hot Springs can produce large quantities of high-purity electrolyte at very competitive costs. VRB batteries are increasingly seen as the preferred technology for use in large-scale electrical grid energy storage, particularly as a means of supporting greater deployment of intermittent generation technologies such as solar and wind energy. The VRB battery technology has matured to the point where it can demonstrate lower lifetime costs and safer performance than lithium ion batteries, particularly in long duration storage applications.

In addition to standard and high-purity V2O5 , the Hot Springs facility produces the following specialty vanadium chemicals:

• Ammonium Metavanadate
• Vanadium Pentoxide
• Vanadium Trioxide
• Vanadyl Sulfate
• Vanadyl Oxalate
• Potassium Metavanadate
• Sodium Metavanadate
• Vanadium Oxytrichloride
• Vanadium Oxytrichloride/Titanium Tetrachloride blends
• Vanadium Tetrachloride
• VRB Electrolyte

About U. .S S. . Vanadium

U.S. Vanadium LLC produces and sells a range of specialty vanadium chemicals, including the highest-purity Vanadium Pentoxide (“V2O5″) in the world. The company is comprised of global leaders and investors in specialty chemicals and strategic materials, including in the mining, processing, purification, and sales and distribution of vanadium specialty chemicals.