Ann: Vanadium Recovery - Feasibility Study Results, page-13

Does this help ??

Extracting Value from Steel By-Products
+ Neometals, and its JV partner Critical Metals, are planning on exploiting substantial high-grade Vanadium stockpiles from steel by-products (slag) in Sweden and Finland to produce Vanadium Pentoxide
+ Potential to become one of the largest sources of Vanadium in Europe and become
vertically integrated in the Vanadium Redox Battery (VRB) push
+ Averaging between 3-4% grade of V, the slag heaps are far richer than the average of
Vanadium mined conventionally and comes with the benefit of having no mining cost
+ Vanadium Redox batteries had a setback in 2018 when prices for V2O5 soared but have now
come back into focus as a viable mass storage option
+ Low extraction cost make the mooted operation a lower cost source than most primary mines
+ Phased introduction will lower upfront construction costs
Vanadium has been a wild ride in recent years. The price is currently quiescent, but widely
fluctuating prices have been the undoing of many desiring to advance projects in this metal.

Critical Metals might be challenged to meet its share of construction cost as it is an unlisted
entity (for now).

GLAH LONG TIME ..Mal