Business View Magazine November-December 2018

16 17 OPENING LINES nadium steel has been around for a while. Lighter and stronger than other metal alloys, it’s used in the manufacturing of complex components in air- planes, high performance cars and rocket engines. China is leading the way. It wants to launch multiple VRFB pilot projects, with 100 MW-scale VRFBs in place by 2020. This $500 million instal- lation will triple China’s grid-connected battery storage capacity. China has already started construction on the biggest battery in the world, a 200-MW 800-megawatt/ hour storage station in Dalian province. The battery will be charged with wind power and will utilize VRFB technology to store more power for longer, resulting in a stable ener- gy grid without any fossil fuels or lithium. To compete, the U.S. needs its own Vanadium supply. And that’s where United Battery Metals aims to come in… #3 AMERICAN VANADIUM United Battery Metals is unique among Ameri- can mining companies: it’s sitting on top of an es- timated resource of 2,640,000 pounds of vanadium according to a report prepared in 2013 byAnthony Adkins who is a qualified professional geologist. UBM’s mining team had a hunch.Where there’s uranium, there’s usually vanadium close by, as the two minerals tend to be found in close proximity. The current estimated total deposit as per the previous 43-101 report could be huge, as big as 2.64 million pounds of vanadium, with a current market price of $50 million for mined product. But that’s just the beginning, based on previous efforts to uncover uranium. The UBM team has new exploration underway that focuses JUST on vanadium. #4 TEAM VANADIUM There’s a team at United Battery Metals ready to turn vanadium dreams into a reality. President and CEO Matthew Rhoades is an accomplished professional geologist with thirty years of exten- sive experience in the U.S., Mexico, Canada, and South America. UBM has a potential major find on its hands: what could possibly be one of the first productive vanadium mines in the United States. #5 THE FUTURE IS ALREADY HERE There are powerful reasons to expect the vana- dium market to surge in the coming months. Right now, the Chinese are leaps and bounds ahead in the VRFB race. They’re building the world’s biggest battery, the size of 20 soccer fields, and they want hundreds more just like it. The U.S.-Chinese trade war is heating up, and investors better believe China will buy up all the Vanadium it can find. The U.S. could miss out, but United Battery Metals is working to meet American Vanadium needs. By 2020, the U.S. could be the largest va- nadium market on the planet. This little company may be the only game in town when it comes to Vanadium mining, and its little market cap is sure to grow bigger and bigger if it starts mining the estimated 2.64 million pounds locked away at Wray Mesa.