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.

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