AVL has been awarded a competitive grant from the Australian Government under the Modern Manufacturing Initiative Collaboration Stream.
The grant is for $49 million which will be used to support the development of the Australian Vanadium Project.
The Project, supported by the grant, enables new critical mineral production through the establishment of an integrated onshore Australian vanadium supply chain for steel and battery markets.
Vanadium redox flow battery market development including vanadium electrolyte and battery project development for downstream vanadium use.
Collaboration with ATCO Australia for green hydrogen and Bryah Resources Limited (ASX: BYH) for recovery of nickel, copper and cobalt from the tails stream.
AVL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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