Will Vanadium Push Lithium Aside as Better Choice for Increasing Demand of Redox Batteries

PALM BEACH, Florida, December 7, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

Vanadium has been on a run as one of the more valuable metals as evidence of its potency and utility in the energy efficient battery market becomes increasingly more obvious as well as growing demand due to a number of factors currently existing in the global economic climate. What used to be one of the world's least known metals now holds great importance and likely to become more so as renewable energies catch up with and possibly eclipse fossil fuels. One of the key trends is the rising demand for vanadium redox batteries, which are viewed as a replacement to lithium-ion batteries and require no maintenance for up to 25 years. With technological advances in cell phones and smart cars, the demand for energy efficient and reliable fuel sources is quickly rising. Leaders in the vanadium market are taking advantage of the current conditions, through acquisitions and cornering new markets. Active mining companies in the markets this week include Delrey Metals Corp. (CSE:DLRY) (FSE:1OZ), Prophecy Development Corp. (TSX:PCY) (OTC:PRPCF), Largo Resources Ltd. (TSX:LGO) (OTC:LGORF), Vanadium One Energy Corp. (TSX-V:VONE) (OTC:VDMRF), First Vanadium Corp. (TSX-V:FVAN) (OTC:FVANF).

Delrey Metals Corp. (CNX:DLRY) (FSE:1OZ) BREAKING NEWS: Delrey Metals is pleased to announce it has entered into and closed a share exchange agreement dated December 6, 2018 (the "Share Exchange Agreement") with BC Vanadium Corp., a private arm's length corporation ("BCVC"), to acquire all the issued and outstanding share capital of BCVC. Pursuant to the terms of the Share Exchange Agreement, the Company issued 5,500,000 common shares of the Company (each, a "Share") and repaid debt of $10,000 owed to a creditor of BCVC. All securities issued pursuant to the Share Exchange Agreement will be subject to a four month statutory hold period.

BCVC owns a 100 percent undivided, unencumbered legal and beneficial interest in both the Star and the Porcher Vanadium properties (the "Properties"), located in northwestern British Columbia. The Properties cover a total area of 6,740 hectares and host vanadium mineralization within large bodies of titaniferous magnetite. The Properties are strategically located on tidewater, near to the small logging community of Oona River on Porcher Island.