AVL have signed deal with Geraldton Port Authority. LOI with Winsing International for Iron Titanium product. AVL awarded MAJOR PROJECT STATUS by Australian Federal Govt. AVL awarded LEAD AGENCY STATUS by WA state Govt. AVL awarded $49 million Manufacturing Collaboration Grant by Aust Fed. Govt. AVL awarded $3.69 million grant to design, build and operate Vanadium Electrolyte plant at Kwinana due to be completed mid 2022. AVL signs agreement with US Vanadium for high purity Vanadium oxide supply and also technology licence. Subsidiary VSUN have installed 3 VRFBs supplied by VFlowtech Singapore. Testing VRFB in collaboration with WA water authority in Perth. (more sales should flow from completion of this test ) MOU signed with Spanish VRFB manufacturer E22. First E22 VRFB to be installed at IGOs Nickel mine in West Australia. Successful trial completed with Gemtek on EV charging VRFBs Bankable Feasibility Study confirms that AVL will become a globally significant Vanadium producer. Mining Approvals well advanced. Electromagnetic conductors identified at fully owned Coates Nickel,Copper,PGE project near Perth. (sleeping giant ) There is no doubt that AVL are well advanced to become the first fully integrated company in the Australian Vanadium Industry... There will be SP fluctuations in the future, however if one is a medium term/long term holder, does it really matter ?
AVL Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
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