Margaret Lake Diamonds Announces Joint Venture with KORID Energy Co. Inc. for Vanadium Redox Flow Battery Factory

Jan 27, 2020

VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / Margaret Lake Diamonds Inc. ("Margaret Lake" or the "Company") (TSX.V:DIA)(FKT:M85) and KORID Energy Company Inc. ("KORID"), a subsidiary of DST Inc. ("DST") (KOSDAQ: 033430), are pleased to announce a joint venture to construct a factory (the "Factory") in the United States for the purpose of producing Vanadium Redox Flow Batteries and energy storage systems (the "Joint Venture"). Executives of Margaret Lake and KORID along with past and current officials of the State of New York met in New York City for the signing of the joint venture agreement. The planned Phase I capacity of the Factory is 50MW output and 200MWh of storage.

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