Speculation 2
Pure Vanadium Corp. is a wholly owned subsidiary of CellCube. Pure holds a portfolio of licenses for the production and sale of vanadium electrolyte for the develppment and formulations for grid scale electriccal storage batteries. The licenses were granted by Battelle Memorial Institute, the operator of the Pacific Northwest National Laboratory "PNNL", a U.S. Department of Energy National Laboratory.
Since the stockholders haven't heard anything for months, we have a right to speculate as to what the future holds. Do any of you have other ideas?
VRFBs are absent in North America, Li-ions cells are the chemistry of choice. VRFBs outperform Li-ion in every way as grid scale storage batteries. Especially where safety is concerned. There is software out there that is available to present Li-ion any way you need to, but it is salesmanship and not real performance. Lithium also has a disposal problem, vanadium is green. The truth of the matter is, at the end of life, 20-30 years out for vanadium, the electrolife will be worth many times more than the total cost of the original battery. It never wears out.
Well if the VRB is so perfect, why don't we see them in North America, thats an easy one, there simply isn't a readily available supply of vanadium electrolyte in North America. The closest supply is from Largo and they are located in Brazil, a long long way from Canada-U.S. So, CellCube let's "Rock and Roll". Well we can't Rock because there aren't any rocks at the Nevada mine. The mine is mostly sedimentary deposits. A perfect mine well located in friendly-mining Nevada. CellCube has a perfect mine, closely held technology for electrolyte, and a huge potential market. As they say in "The Field of Dreams", "Build it and they will come".
The key is to get a partner. Suggested partners include Bushveld, Tesla or Lockheed Martin. Bushveld is a great mining company, Tesla which is located nearby needs the VFRB to reduce risk, and build much larger, safer storage batteries. Lockheed Martin currently builds Li-ion storage batteries and knows the limitations. LM is currently trying to introduce a battery technology they purchased from MIT. I read where that is moving forward in baby steps as LM discribes the process.
All this is just a guess. Please no more "private placements", that will destroy the company.
GLTA