AVL is the far better deposit and the most advanced. AVL grade 3x as good as others. You can’t polish a turd, you need good grade to make 99.5%+ V2O5 that goes into flow batteries. AVL has achieved 99.9%. VFB is where the vanadium market is moving, the rebar market is down 25% the last few years.
Tivan chop and change what project they’re developing more frequently than I change my underwear. Likewise the QLD plays are shale based and originally planned to barrel oil. They are going to have far higher costs.
Vanadium market research indicates going into the future there is room for all.
’The United States Geological Survey estimates 2023 worldwide vanadium production totalled 100,000 tonnes.The International Energy Agency forecasts an increase of 670,000 tonnes each year of vanadium supply is required by 2040 to meet growing demand.“This equates to an additional 50+ mines producing 12,500 tonnes per annum of V2O5 (vanadium pentoxide),” Coyle says.’
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