American Vanadium Announces Energy Storage and Renewable Microgrid Initiative for Remote Communities across Northern Canada
22 Julho 2013 - 9:29AM
Access Wire
ROBERT NAULT, FORMER CANADIAN MINISTER OF
ABORIGINAL AFFAIRS, TO LEAD INITIATIVE
July
22, 2013 - AMERICAN VANADIUM CORP.
("American Vanadium" or the "Company") (TSX.V: AVC) (OTCQX: AVCVF)
announces it has engaged Hon. Robert Nault to develop energy
storage and renewable microgrids for remote communities and First
Nations in Canada and the United States. This is a key initiative
for American Vanadium which recently became the Master Sales Agent
in North America for Gildemeister's CellCube energy storage system,
the world's leading vanadium redox flow battery.
"Currently there are hundreds of communities across the United
States and Canada that are operating off grid and relying on very
expensive diesel generation" said Ron MacDonald, Executive Chairman
of American Vanadium. "These communities pay, both directly and
indirectly, more for their power than anywhere else in North
America, even with government subsidies and programs. We are
honored to be able to attract the talent and expertise of Robert
Nault who is respected by the Aboriginal communities and government
alike, to develop the plan we will execute together using the
CellCube energy storage systems."
"Clean and sustainable energy is of vital importance to the
prosperity of Aboriginal communities as well as North America's
economic and environmental future," said Robert "Bob" Nault, who
served as Canada's Minister of Aboriginal Affairs and Northern
Development from 1999 to 2003. "I look forward to working with
American Vanadium to offer renewable energy generation combined
with their CellCube energy storage system as a viable means for
meeting community needs, as well as contributing to Canada's future
electrical supply to serve First Nations."
About American Vanadium
Corp.
American Vanadium has entered into a
master sales agreement with GILDEMEISTER energy solutions to market
and sell the CellCube vanadium redox flow batteries in North
America. American Vanadium is developing the only vanadium mine in
the United States. The Company's Gibellini Project, located in
Nevada, is being designed to economically produce vanadium
electrolyte for the energy storage industry, as well as vanadium
products for the steel and alloying industries.
A positive Feasibility Study and
updated National Instrument 43-101 on the Gibellini Project were
completed by AMEC E&C Services in 2011.
American Vanadium trades on the TSX
Venture Exchange as a tier-one company under the symbol "AVC", the
OTCQX Market under the symbol "AVCVF" and the Frankfurt Stock
Exchange under the symbol "0UA".
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
For further information, please
contact:Bill Radvak, President & CEO
Phone: (604) 681-8588 X 101
Email: bradvak@americanvanadium.com
or
Mike Hyslop, Director, Corporate Development
Phone: (604) 681-8588 X 102
Email: mhyslop@americanvanadium.com
Web site: www.americanvanadium.com
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-Looking
Statements: This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
laws, including future plans and objectives for the Gibellini
Project and the energy storage business. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of American Vanadium to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking information. Forward-looking
information includes estimates of mine production rates and mine
life, revenues from future mining operations, capital and operating
costs, and pay-back period. Factors that may cause actual results
to vary include, but are not limited to, changes in project
parameters as plans continue to be refined; future prices of
vanadium; possible variations in reserves, grade or recovery rates;
changes to capital and operating cost estimate, delays in obtaining
governmental approvals or financing or in the completion of
development or construction activities. We may not have adequate
capital, financing or cash flow to sustain our business or
implement our business plans. Statements contemplating or making
assumptions regarding actual or potential sales, market size and
demand, prospective business contracts, customer orders or trends
in the energy storage market constitute forward looking statements.
Our actual results may differ from those indicated in forward
looking statements as the energy storage and renewable energy
generation business is subject to significant economic,
competitive, regulatory, business and industry risks which are
difficult to predict and many of which are beyond our control. Our
business performance may be adversely affected by a general decline
in the economy, unavailability of capital or financing for
prospective customers to purchase products and services from us,
competition, changes in regulations, a decline in the demand for
energy storage and other risks. Although American Vanadium has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. American
Vanadium does not undertake to update any forward-looking
statements, except in accordance with applicable securities
laws.
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