Daytraders Rock Morning 9 Sept, page-45

YRR - Yellow Rock Resources has initiated a vertical integration strategy to extract additional value from the emerging vanadium market in energy storage.

Highlights: » Rapidly growing interest and market opportunities exist in energy storage markets that present exciting opportunities for Yellow Rock » The Company has created a subsidiary company, VSUN Pty Ltd (“VSUN”) to specifically develop opportunities in the distribution of Vanadium Redox Flow Batteries (VRFB’s) » The Company has secured distribution rights with two German Vanadium Battery Makers and is in negotiations with other major stakeholders in the vanadium battery storage market » Yellow Rock has partnered with a prominent Perth based commercial solar installer which has an extensive track record of commercial and residential solar system installation » The vertical integration strategy will allow Yellow Rock to position itself in successive elements of the battery development and distribution chain » The long term strategy will ensure Yellow Rock can leverage the high-grade **anintha Vanadium project, currently being advanced to feasibility, to supply vanadium product into the battery market, in addition to the steel market.

he Company has long held a focus on supplying its potential vanadium production to the battery storage market, which is growing fast alongside energy production from renewable sources. It is expected that over the next few years, as demand for grid-scale energy storage grows, up to 30 per cent of the storage demand will be satisfied by Vanadium Redox Flow Batteries as part of over 185Gwh of expected storage.