The following is A snippet from an article back in May. Lets see...

The following is A snippet from an article back in May. Lets see if the funds put their money where their mouth is

Tribeca portfolio manager Ben Cleary said a consolidation of the ownership of the MTMP deposit was logical, “and if thereat were to happen, we’d look at materially increasing our position in support of the project’s development”.

Positive on price outlook

“We think vanadium from the MTMP will become the preferred vanadium exposure globally,” Mr Cleary said. “Over 85 per cent of supply currently comes from Russia, China and South Africa, so we expect there will be a premium applied to a quality Australian producer. We are positive on the vanadium price outlook as we believe redox flow batteries will be increasingly critical as part of the energy transition.”

Technology Metals chief executive Ian Prentice said he understood the view that separate exploitation of a single orebody “may not always be the most efficient use of capital” but “our view is that we’ve got a project that is a very, very strong project and is good to go as an independent project”.

The MTMP is a 154 million tonne resource at grades of 0.89 per cent vanadium pentoxide – the precursor to vanadium electrolyte used in VRFB batteries – and concentrate grades up to 1.6 per cent. Vanadium is mostly used for hardening steel for defence and aviation purposes, but Technology Metals says VRFB batteries are expected to grow from their limited deployment today to require 33 per cent of global vanadium supply by 2030.

Technology Metals and Australian Vanadium are minnows – valued at $67 million and $158 million respectively – with large ambitions. That makes the support of deep-pocketed shareholders critical. Technology Metals said last August it was budgeting $604 million for its proposed developments.