AVC's "Purple Gold" Attractive Prospect

Source:

"AVC to receive up to $1 million in fresh capital."

"American Vanadium Corp., the Vancouver company that is developing the Gibellini project, said a pilot project of metallurgical testing produced two products from the property’s ores—vanadium pentoxide, better known as "purple flake," and vanadium electrolyte; purple flake is a critical ingredient in the strengthening of steel and vanadium electolyte is used in utility-sized battery systems for power grids. These results helped validate the interest of investors; a couple of days after it announced the test results, American Vanadium said it will receive up to $1 million in fresh capital through a private placement of shares and warrants."

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