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American Vanadium Announces $2 Million Private Placement

American Vanadium (TSXV:AVC, OTCQX:AVCVF) announced it is holding a private placement of up to $2 million, with a price of $0.40 per unit. Each unit will consist of one common share and one half of a share purchase warrant. The net proceeds of the placement will be used for sales and marketing of the CellCube vanadium redox flow batteries as well as mine design, environmental permitting and general working capital.

Largo Resources’ Maracas Menchen Production Stays Stable

Largo Resources (TSXV:LGO) announced that production remains stable at its Maracas Menchen mine, with 8 to 12 tonnes of vanadium pentoxide produced per day - equivalent to 40 percent of total capacity. Production volumes are expected to steadily increase with a goal of reaching phase 1's capacity of 9,600 tonnes per annum by or before one year of operations.

American Vanadium Receives First Commercial Order for CellCube

American Vanadium (TSXV:AVC,OTCQX:AVCVF) announced it has signed an agreement with Newfound Energies to sell two 30KWh-130KWh CellCube vanadium flow energy storage systems. This is the first purchase order the company has received as the North American agent for Gildemeister.

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