Stina Enters Vanadium Battery Collaboration with PNNL and University of Calgary
21 November 2017 - 1:01AM
InvestorsHub NewsWire
November 20, 2017 -- InvestorsHub NewsWire
-- Stina Resources Ltd. (CSE: SQA) (OTCMKTS: STNUF) (Frankfurt 01X) (the “Company”
or “Stina”) is pleased to announce that it in the final stages of
negotiating a research agreement with the University of
Calgary.
The research conducted by the University of
Calgary will focus on vanadium redox flow batteries and the
production of vanadium electrolytes. The first stage will
involve the development of a battery stack based upon the
technological specifications provided by the Pacific Northwest
National Laboratory (“PNNL”). “We chose the University of Calgary
because they already have worked with vanadium flow battery
technology and they will deliver practical research within a short
time-frame,” says Stina President Brian Stecyk.
PNNL is the research leader in vanadium flow
battery electrolytes and vanadium flow batteries. This initiative
is part of their effort to commercialize the scientific technology
they have developed. PNNL, operated by the Battelle Memorial
Institute, is a scientific research complex located in Richland,
Washington and owned by the US Department of
Energy.
The development of a battery stack at the
University of Calgary will permit evaluation of various vanadium
electrolytes and, in particular, those involving vanadium from
Stina’s Bisoni McKay vanadium deposit in Nevada.
“Vanadium flow batteries are rapidly becoming
one of the main electrical storage technologies for grid-storage.
According to the US Department of Energy, there are already 59
installations worldwide. Stina has vanadium resources in
Nevada and the University of Calgary’s practical research will help
us reach our long-term vision of being a vertically integrated
producer of vanadium electrolytes,” said Brian Stecyk, President
& CEO of Stina.
About
Stina Resources Ltd.
This research supports Stina’s long-term
objective of becoming North America’s first vertically integrated
producer of vanadium electrolyte for the energy storage
industry.
Stina has significant indicated and inferred
vanadium resources (NI 43-101 compliant) at its Bisoni Mckay
property in Nevada. Unlike most other vanadium deposits where
vanadium is inter-mingled with other metals such as iron or
uranium, the Bisoni McKay property contains pure vanadium in
carbonaceous shale.
Stina is dedicated to increasing shareholder
value through exploration and development of their vanadium
resources and converting the vanadium into vanadium electrolyte for
the energy storage market.
For further information, please
contact:
Brian Stecyk, Director, President & CEO
Telephone: 1-800-882-3213
STINA RESOURCES LTD.
Ste 10 – 8331 River Road
Richmond, BC V6X 1Y1
1-800-882-3213
OTCQB: STNUF
CSE: SQA 12g3-2(b): 82-2062
Frankfurt: 01X
www.stinaresources.com
Shares Issued:
68,504,104
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