TORONTO (PRWEB) February 28, 2018
CVMR® Corporation(CVMR®) announced today that it has completed its Pre-Feasibility Report on the Mukanda mine in the Republic of Burundi. The Mine contains proven reserves of vanadium, titanium and iron. The representative of CVMR® added that the pre-feasibility report is quite positive and that based on these findings CVMR® is proceeding with its planned Feasibility Study. The full Feasibility Study on Mukanda will be presented to the Ministry of Energy and Mines of Burundi well within the time limit negotiated with the government of Burundi, according to CVMR®.
In continuing with the project CVMR® will be helped by the South African based engineering firm, DRA and a local Burundian engineering firm, Jacob Mining Engineering.
On the 7th of November 2017 Burundi Cabinet approved the application of La Societe CVMR Energy Minerals Burundi SURL and its Canadian sister company, CVMR Energy Minerals Inc., of Toronto, Canada.
Mukanda mineral resources cover an area of approximately 144 square Kilometers with a total of 6,500,000 metric tons of Vanadium “Proven Reserves,” 7,300,000 metric tons of Probable and 5,000,000 metric tons of Possible, Vanadium reserves. It also contains substantial reserves of Iron and Titanium.
CVMR® announced in November 2017 that it has committed $40 million US dollars for the surveys and preparation of its Feasibility Studies in Mukanda, Waga and Nyabikere.
“We intend to build a series of modular refineries in Burundi and to produce nano-powders of metals that would be necessary for the production of the next generation batteries.” Said Kamran M. Khozan, Chairman of CVMR® in a press conference in November 2017. “We are following up on our plans as fast as possible,” confirmed Mr. N. Victor Emmanuel, Chief Operating Officer of the company.
CVMR® can refine some 35 metals, including Rare Earth Elements (REE), gold, platinum Group of Metals (PGM), silver, nickel, vanadium, titanium, iron, cobalt and lithium, most of which are used in the next generation of batteries.
Energy storage is transforming the energy industry. It is forecast by most economic institutions in the United States and Europe that the energy storage capacity will grow seven to eight folds in the United States alone by 2020.
CVMR®’s proprietary technologies also extend to the refining and manufacturing of non-metallic substances such as graphite and graphene. CVMR®’s objective is to develop off-the-grid and micro-grid power generating units for mass consumption, free of environmental pollution, using graphite and graphene to collect ambient, natural heat and to convert it to electricity while storing the surplus in vanadium graphene batteries for delayed consumption.
The currently prevalent lithium ion batteries lose almost 50% of their original capacity in about two years, as anyone who uses a smart phone knows very well. On the other hand, vanadium based batteries can sustain their original capacity and efficiency over 30 years or more.
Today the major interest of the consumer market is in the smaller and light-weight batteries for use in the automobiles and portable devices such as laptop computers and phones. The new generation of vanadium batteries using graphene or graphene oxide can easily fulfill this demand.
In the past, lithium led the applications in mobile batteries and vanadium flow batteries were best suited for stationary applications where size was not an issue. While it remains important to have large electrical storage capacities in the wake of growing renewable energy generation, vanadium-graphene batteries are poised to capture both markets with long duration and lowest cost per cycle.
CVMR®’s great breakthrough is in its innovative high surface area electrodes made with nano-materials and its proprietary process design. The greatest advantages of vanadium batteries are that vanadium-graphene batteries have an extended lifespan coupled with consistent performance over time. These batteries are safe, do not heat up and are not flammable, unlike lithium ion batteries. Compact Vanadium rechargeable batteries are currently manufactured in Japan and are commercially available worldwide.
Conventional battery electrode materials can be significantly improved when enhanced with graphene. By using graphene one can make rechargeable batteries that are light, durable and suitable for high capacity energy storage, as well as shorten their charging time. Vanadium will extend the battery’s lifetime while graphene adds conductivity without requiring the large quantities of carbon that are usually used in conventional batteries. CVMR® has developed a number of proprietary methods to incorporate graphene sheets into vanadium pentoxide nano-ribbons used in their new generation vanadium batteries.
CVMR® manufactures graphene in three distinct ways: by refining graphite from natural sources and converting the purified graphite into grapheme Nano-flakes. CVMR® also produces graphene from captured CO2 via a proprietary method that uses CVMR®’s modular membrane system and in turn converting the captured CO2 into graphite nano-powders and graphene nano-flakes. It produces graphene from methane gas by cracking the gas using a process known as Chemical Vapour Deposition (CVD). This is a process that extracts carbon atoms from a carbon rich source by reduction.
EnerCarbon and M-Power Corporation are affiliate companies of CVMR®. They are participants in the production of graphene and manufacturing of mobile power generators and battery manufacturing.