VanadiumCorp Resource Inc. announced it has signed a partnership agreement further to the memorandum of understanding with Electrochem Technologies & Materials Inc. signed and announced February 9, 2017. The partnership expands on successful collaboration that began in 2016 with the objective of commercial demonstration. The new chemical process represents a green and efficient alternative to current polluting and inefficient methods of processing utilized in the vanadium, steel, iron and energy storage industries. Terms of the Partnership Agreement Include: 50/50 agreement on development and licensing of VanadiumCorp-Electrochem Chemical Process Technology; Development partnership targeting North American demonstration, commercialization and scaled production plans relating to secured feedstock supply; Development partnership targeting pilot plant demonstration, commercialization and scaled production applied to VanadiumCorp's 100% owned VTM Resources; Buyout provision. Over 85% of vanadium is produced from the same type of magnetite utilized in the global steel and iron industries. Current primary production of vanadium leaves behind an average of 99% of VTM already concentrated at the mine as residual calcine waste. The patent pending chemical process technology allows the dissolution of 95%+ VTM directly into sulfuric acid with the separation of iron values as ferrous sulfate heptahydrate (copperas) along with titania and silica as by-products. Then the utilization Electrochem's patented electrowinning process (Can. Pat. 2,717,887 C) allows the low carbon footprint production of pure electrolytic iron from the copperas recovered while vanadium remains in the pregnant solution as vanadyl sulfate that can be separated and purified into electrolyte for energy storage. Collaboration from the signed MOU includes: Successful demonstration of production of vanadium-rich pregnant solution (VE precursor), other specialty vanadium materials, electrolytic iron, titania and silica byproducts; Completed development and integration of efficient and environmentally friendly chemical and electrochemical processing technologies including the simultaneous removal of contaminant metals and the concurrent regeneration of chemicals.; U.S. provisional patents applications filed (U.S. 62/463,411 and U.S. 62/582,060); Construction of custom built reactor pilot with 300 kg/month nameplate capacity; Semi pilot circuit complete for utilizing the two integrated technologies in Phase II trial production; Preliminary carbon footprint comparison/advantages of the integrated technologies; Schematic of new process disclosed publicly; Successful prototype testing of 100% owned VanadiumCorp VTM; Successful prototype testing of VTM from global Companies; Successful prototype testing of calcine, slags and residues from global Companies; General process & production development outline for The Lac Dore Vanadium Project disclosed in the Company's preliminary economic study dated December 28, 2017.