American Vanadium Appoints Ron MacDonald as Executive Chairman
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American Vanadium has appointed Ron MacDonald, to executive chairman of the board of directors of American Vanadium.
Mr. Ron MacDonald had an extensive career which included such positions as: the former senior assistant to the Canadian Minister of Foreign Affairs, Deputy Prime Minister, Chief of Staff to the Leader of the Government in the Senate of Canada, Parliamentary Secretary of International Trade and elected Member of Parliament. In addition while president of the Council of Forest Industries; Mr. MacDonald pioneered the development of Asian markets for Canadian lumber products. He was also a contributing member of the OECD Committee on ethical minerals, a contributor to the EU Commission Framework 7 policy paper on ‘Scarcity of Strategic Minerals’ and a speaker at conferences in the USA, Canada and Asia on critical and strategic markets.
“The exciting part of the American Vanadium story is the fact that not only will we be the only mine in the U.S. producing vanadium for the steel industry but will also be the only producer of vanadium electrolyte necessary for vanadium flow batteries, which allow for the mass storage of renewable and conventional energy. Having the only vanadium mine in North America will provide us with a strategic opportunity to play a lead role in establishing that business on this continent and will provide the best return to our shareholders. With the filing of our plan of operations for the Environmental Impact Statement anticipated later this year, the permitting timeline will be longer than originally anticipated which dovetails with our strategy to build the vanadium flow battery business in America,” the company said in a statement.
The Basic Engineering phase of the Engineering, Procurement and Construction Management contract awarded to Scotia International of Nevada and the leach pad and civil design and additional geotechnical studies being conducted by AMEC Environment & Infrastructure are all underway.
About American Vanadium
American Vanadium is currently developing the Gibellini Project, a vanadium deposit located in Nevada, USA. Vanadium is a critical alloying metal used to strengthen steel and is also growing in importance in emerging uses such as mass energy storage and next generation lithium-vanadium batteries. The company’s Gibellini Project is unique in its design to economically produce vanadium pentoxide for the steel and alloying industries, as well as vanadium electrolyte for the mass storage industry.
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