One to watch out for, page-2

Another one to watch out for is the things that the globally respected Resource Capital Funds our major investor has on the boil.
Vanadium is clearly one of the ones strongly in its’  pot based on its’ interest in the Meekatharra area of Western Australia and Vanadium battery developments originating from this area?

Anyway it seems to me that, slightly  prescient, in regards  the $11.5m capital raise announced May 24 (which RCF participated in ) was this RCF ‘insights’ presentation published May 4 by David Halkyard  and Antony Rowe
https://resourcecapitalfunds.com/insights/commodity-insights/private-credit-investing/


I like the words ‘Predictable Returns’ in the header so here they are again along with the short excerpt of that part of the presentation relevant to vanadium;
Private Credit & Mining: Generating Predictable Returns from Transition Metal Investing


….
3. Power storage and grid infrastructure

The intermittent nature of renewable power generation means that the establishment of energy storage systems is critical to the resilience of the energy grid.
This will require the build out of substantial battery systems which represents further demand for metals.
As a key component of lithium-ion battery anodes¹⁰, graphite is projected to grow in demand by 25% by 2040¹¹.

Vanadium flow batteries (VFBs), which are well suited for grid storage roles, are expected to become commercially available around 2030 and are projected to increase the demand for Vanadium by over 100x.
Significant investment and expansion of power infrastructure will be required to ensure a resilient and reliable grid network as reliance on renewable and more dispersed energy sources occurs, this investment will increase demand for copper, which is expected to more than double between 2030 and 2040¹².

The whole is interesting reading however given TMT is a vanadium project, most interesting to me right now is the background information that since 2021 RCF has invested into TMT;

first $13.5m  (as of September 2021),​

another $2.75m as of the May 24 Capital raise​

plus into the adjacent project, AVL;
$8m on March 22,  2023
and a further $1.828m on the day the linked presentation was published.

That’s more than 26 million dollars by my count.
It currently  owns 7.48% of AVL and 18.19% of TMT.

cheers