Proactive Investors - Run By Investors For Investors

Maxtech Ventures sharpens focus on acquiring vanadium assets in Americas

China’s vanadium metal consumption is expected to increase by 30% over the next two years, according to the China Iron and Steel Research Institute
The chemical symbol for vanadium
Maxtech is looking to build on assets in Quebec and Brazil as well as agreements in Utah

Maxtech Ventures Inc (CNSX:MVT) said Monday the company is sharpening its focus on vanadium acquisitions in North and South America to build on assets in Quebec and Brazil as well as agreements in Utah.

Vanadium redox batteries are expected to be well-suited for grid storage applications and to complement the growth in grid-scale wind and solar generation capacity, the Vancouver-based company said in a press release.

READ: Maxtech Ventures set for vanadium exploration in Brazil

In addition, China’s vanadium metal consumption is expected to increase by 30% over the next two years, according to Maxtech, citing the China Iron and Steel Research Institute.

To help advance its vanadium strategy, Maxtech is drawing on Avrom Howard, a geologist with more than 40 years of technical and executive experience. For several years, he worked in the Colorado Plateau region.

Shares of Maxtech climbed C$0.01 to C$0.16 in Monday’s Canadian trading.


Contact Dennis Fitzgerald at [email protected]

 

View full MVT profile View Profile

Maxtech Ventures Inc Timeline

Related Articles

Project area
February 11 2019
Forecast life-of-mine gold production jumps to 289,000 ounces following a new resource estimate and mine design.
Inspection at Cangai property
April 28 2019
The company has the Cangai Copper Project in northern NSW as its flagship asset.
A vessel is loaded up, ready to leave Esperance port with Bald Hill lithium concentrate bound for China
January 16 2019
The merged companies had been equal partners on WA’s Bald Hill spodumene mine.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use