https://www.naif.gov.au/our-projects/
$490m into Mardie salt.
Similar would be useful here, but Pilbara Minerals got ‘only’ $135m (except perhaps it has been funded to this amount twice?)
As far as US Vanadium goes it does have strong ties via that ’ longstanding MOU (since 2020) for up to 20% of pre-merge production (https://www.australianvanadium.com.au/wp-content/uploads/2020/12/MOU-with-US-Vanadium.pdf), plus our shared director, Daniel Harris, and the supply of the electrolyte plant for Wangara plus the vanadium to fuel it until AVL can make its’ own….
And the US Government’s DOE has already set a precedent for investing in non US vanadium projects (not mining) when it ordered 84MWh of Invinity (Canadian and UK-based) batteries for six different US sites last September https://invinity.com/us-doe-to-fund-84-mwh-of-invinity-vfb-projects/
Plus Graham had breakfast [breakfast with US gov officials]with the US Consul General and his Assistant Secretary earlier this month. That sounds fairly significant to me - especially in the light of the new US Trade agreements.
And someone from the consulate was at the opening of the Wangara facility too …..
If there’s no direct funding from that side, the US Government may be aiming to support further input from US Vanadium?
Re potential funders there’s also Regal and Tribeca who spoke to the AFR last June about how they each intended to support development of the project if AVL and TMT were to merge.
And surely there are plenty of others out there now that we’re looking at a 50 year mine life plus potentially viable iron and ilmenite, plus whatever the domestic VFB Battery may bring and further contracts to supply big partner batteries with Horizon etc?
cheers
AVL Price at posting:
1.6¢ Sentiment: None Disclosure: Held
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