This is the future for grid storage , beats Lithium for this purpose hands down.
There is a company very close to Toro's Wiluna who has a 4.5× larger deposit of Vanadium. They have the backing of the Federal Government to build this mine as its a strategic metal and China and Russia account for 75% of world production. They also are building a Vanadium processing plant in Geraldton so it can be shipped direct from the Geraldton Port . This bodes well for Torro as it will have someone close by who could purchase or process it for sale to the market. Not a bad by-product with currently $790 million worth in the ground.
TOE Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
(20min delay)