Hyundai are the world's second largest Steel manufacturer. Vanadium is used primarily as a steel strengthener. That's their primary interest. I believe that currently, it has very little to do with batteries, although in the future, who knows.
The whole battery explosion, has led to a lot of companies jumping on the bandwagon. Factually exact information is more appreciated by investors (speaking for myself).
For example, the mention of their graphite possibly being used in car batteries - anyone who's done any research, knows it takes a very particular flake size and quality of graphite, to make it into that particular market.
I haven't seen detailed metallurgical results which back up that the graphite we have, can be used for anything outside of the usual industrial applications (which is still of course an excellent market). It's possible it can be used in car batteries, but unlikely.
Vanadium IS already being used in car batteries, and the uptake will probably accelerate in the coming years:
http://www.energizerresources.com/vanadium/vanadium-and-batteries
With each week that passes, this project is becoming more and more de-risked. I am almost certain this will all go ahead as scheduled now. I maxed out my personal spec stock limit when this went sub 10c again. All those shares have now doubled. TNG will multi-bag from here, many many times over, when they get to production.
My biggest worry is they get taken over after all the deals are signed, prior to getting to production. Provided they hit my target price (around the $1.50-$2 mark), I'd even be ok with that
