-- Canadian critical minerals company Strategic Resources (SR.V), trading near 52 week lows, signed a memorandum of understanding to evaluate production of battery-grade vanadium oxide from Canadian mined ore for use in lithium vanadium oxide anode material produced by San Diego-based Tyfast Energy, the company said Monday.
Under the terms, Strategic Resources will evaluate feedstock and processing pathways from its vanadium assets, while Tyfast will lead material qualification, anode development, and application testing.
As part of the agreement, the companies will conduct bench- and pilot-scale work to optimize powder characteristics for Tyfast's anode production.
The companies will also evaluate commercialization and deployment opportunities, in mining equipment, auxiliary vehicles, defense platforms, and other heavy-duty applications.
"Together, we see an opportunity to create a made-in-Canada pathway from critical minerals to advanced battery materials for high-value industrial markets," Strategic Resources chief Executive Officer Sean Cleary said.
Strategic Resources, which is advancing the BlackRock project in Quebec, last traded at $0.25, near a 52 week low of $0.23.