No mine, no process, no electrolyte? Gatorade? Where can this all go if the stock collapses and there’s no funding left? What if the 2nd recent 10-for-1 reverse stock split in the last few years fails to cover inflated salaries and overflowing debt? Lapsing mining claims could revert to government ownership, or taken by other capable people, or just be reclaimed by nature, while unproven process technology patents might fetch an unknown value. What remains of the broken electrolyte production equipment and any produced electrolyte? how much is actually produced? Are we talking about a few samples or significant quantities? And which smaller companies are currently testing this electrolyte? What were the results? I'm not sure if silence is golden here. VanadiumCorp’s website lists 'UniEnergy Technologies Battery", as an existing Vanadium battery company, but that company has been defunct for nearly four years, and the name is misspelled.
How is this for a spellbinding tale? UniEnergy Technologies (UET) was founded by Dr. Gary Yang, who was involved in developing vanadium redox flow battery (VRFB) technology at the Pacific Northwest National Laboratory (PNNL). The Pacific Northwest National Laboratory (PNNL) is one of the national laboratories operated under the U.S. Department of Energy (DOE). Managed by Battelle Memorial Institute, PNNL conducts research and development in various scientific fields, including energy, environmental science, national security, and more. As a DOE lab, PNNL receives funding from the DOE for projects aligned with the agency’s priorities, such as advancing clean energy technologies, improving grid resilience, and enhancing national security.
For close to decade, UET aimed to commercialize this technology for grid-scale energy storage in the U.S. with government/our tax dollars, and a capital from US schools for support. However, after UET ceased operations in 2021, and much of the VRFB intellectual property was transferred to Rongke Power, a Chinese company co-founded by Yang. Today, Rongke Power and Bolong New Materials hold significant control over the VRFB IP that originated from UET, raising concerns about technology transfer and the loss of U.S.-developed innovations to foreign entities, particularly in a strategic sector like energy storage.
Rongke Power’s investment in UniEnergy Technologies (UET) was disclosed to be at least $13 million. This strategic investment was aimed at expanding UET’s manufacturing capabilities and facilitating technology transfer between the two companies. Unlike VRBFF which seems to have no money and feels like watching a ship burn its sails just to keep drifting while the crew milks a dry cow on deck slowly cruising to nowhere, whilst doing it all consistently.
Forgive the obscure metaphors but I’ve asked numerous concerning questions about the company’s fundamentals and lack of transparency on this Bullboard, and in the absence of truth and transparency, it seems that all the advertised hype doesn’t hold up to scrutiny. At least with Gatorade, you have a real product with a known price. VanadiumCorp’s electrolyte hype doesn’t have any clear pricing, economic return, or information about real prospects like product volumes being tested or whether they are maybe gathering dust in a warehouse or a director’s house which looks this public company office address in Quebec.
Tomorrow will tell a story in the market, if the stock fails to hold at ten cents on the canadian exchange, the bottom could fall hard on all three stock exchanges without some positive news and the same pattern of lackluster announcements just won’t cut it. Will any of it be enough to sell for parts to China like UET? VRBFF has raised more than $13M historically, however never all at once. Can anything be sold for value? other than VRBFF shares at a sub 1 million Canadian dollar market capitalization that could get rolled back again at short notice whenever it suits those who happen to be in charge from year to year? The real question with this company is can it survive and afford its life support cost of not doing much real business as a public company?
That’s my two cents as an opinion and by no uncertain terms, not the amount I’m willing to overpay for this drifting shipwreck post 2nd massive stock split in less then 3 years. Good luck to y'all and if there is anyone left with pocket change in devalued shares after investing in past promises of glory. Keep watching to see how they reward their investors. VITF.