As China and India change their building codes so the buildings can withstand earthquakes, the amount of vanadium that goes into the rebar increases. The steel industry has been growing at about 3.8% over the last 10 years. Vanadium in that steel is growing at about 8% because they need more vanadium and it is being dictated that they have to use more vanadium in building steel. That is over 90%. There is also vanadium going into titanium alloys for the aerospace industry and that is huge. But, the most exciting component of the vanadium space is vanadium redox battery.” States Dr. Richard Spencer, CEO, President and Director of U3O8 Corp. (TSX: UWE | OTCQB: UWEFF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Latest Press Releases
- U3O8 Corp.’s Test Work Simplifies Proposed Uranium-Vanadium Extraction from its Laguna Salada DepositMarch 22, 2019 - 7:15 am
- U3O8 Corp. Reports a 23% Improvement in Vanadium Extraction Over the 2014 Preliminary Economic Assessment on its Laguna Salada Uranium-Vanadium DepositDecember 6, 2018 - 8:20 am
- U3O8 Corp. Announces Closing of Up-sized Non-Brokered Private Placement, Securities for Debt Transaction and Amendments to Warrant TermsOctober 22, 2018 - 9:15 am
- U3O8 Corp. Announces C$400,000 Non-Brokered Private PlacementOctober 1, 2018 - 8:00 am