Elcora Advanced Materials, a leading Canadian battery metals exploration company, announced on Monday the initiation of the metallurgical assessment and pioneering processing test work with Lab 4 Inc. to extract vanadium from its Morocco Vanadinite Deposit.
The company said that the latest breakthrough involves the implementation of groundbreaking processing techniques that are poised to revolutionize the extraction and production of vanadium, a crucial element in energy storage, steel manufacturing, and various high-tech applications.
Currently, a substantial portion (50-60%) of vanadium is derived from pig iron slags with a vanadium grade of only about 0.25%. However, Elcora’s Moroccan vanadium, boasting an 8% grade, holds the potential for considerably more cost-effective production in terms of both capital and operating expenses.
One of the key highlights of Elcora’s processing test work is the development of an efficient extraction process in collaboration with Lab 4 Inc. This innovative approach not only enhances vanadium recovery from the Morocco Vanadinite Deposit but also aligns with sustainability efforts within the mining industry, while improving extraction efficiency in the process.
The processing test work also yielded high-purity vanadium, surpassing industry standards.
Elcora has incorporated eco-friendly techniques into its innovative processing methods, reducing the environmental footprint associated with traditional extraction processes.
“Our team’s dedication to innovation has once again propelled Elcora to the forefront of the mining industry. The processing test work not only showcases the potential of the Morocco Vanadinite Deposit but also underlines our commitment to sustainable resource development,” said Elcora CEO Troy Grant.