MAXTECH FOCUSES ON VANADIUM ASSET ACQUISITIONS

Nov 27, 2018

Maxtech Ventures Inc. is increasing its focus on vanadium assets across North and South America.

The company is focusing on vanadium to be a catalyst in its growing portfolio of strategic metals. Maxtech Ventures is presently reviewing multiple vanadium opportunities across North and South America, and building on an already significant set of vanadium exploration assets, including those in Quebec, Canada, and Bahia, Brazil, along with agreements in place in Utah.

Vanadium is becoming a more prevalent alternative in battery power storage. Due to the size and weight required, vanadium redox batteries are expected to be well suited to grid storage applications and to complement the growth in grid-scale wind and solar generation capacity. Additionally, according to the China Iron and Steel Research Institute (CISRI), new rebar standards should see China’s vanadium metal consumption increase by 30 per cent over the next two years.

Maxtech Ventures welcomes Avrom Howard, MSc, PGeo

The company has engaged a professional geologist to help focus on this vanadium strategy. Mr. Howard has over 40 years of technical expertise and executive experience, currently with his firm, Nebu Consulting LLC. Nebu Consulting is an independent firm that provides a variety of research, analysis, fieldwork, project management and related services to the international mineral exploration and mining industry. Mr. Howard worked in the Colorado Plateau region for several years, having called Grand Junction, Colo., his home for almost a decade, while pursuing uranium-vanadium opportunities for Homeland Uranium, a company that he co-founded. In 1994, he founded Odyssey Resources Ltd., a company that focused on base and precious metals across North Africa and the Middle East. Mr. Howard obtained a BSc in geology from the University of Toronto as well as an MSc in geology from the University of Colorado at Boulder. He is registered as a professional geoscientist with the Association of Professional Geoscientists of Ontario.

“Maxtech welcomes Mr. Howard and looks forward to him leading the vanadium exploration team with great success,” commented Peter Wilson, chief executive officer Maxtech Ventures.

The technical information contained in this news release has been reviewed and approved by Mr. Howard, who is a qualified person with respect to Maxtech Ventures’ projects, as defined under National Instrument 43-101.

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