This upgrade to the partnership in my opinion is extremely significant as TMT and LE Systems are looking at potential multiple electrolyte facilities in Australia. I like later in the announcement that a potential off take agreement is part of the mix.
Key highlights
- Scope to build Australia’s first fully integrated vanadium electrolyte plant utilising vanadium from TMT’s Murchison Technology Metals Project, a key commercial advantage.
- Investigating development of vanadium electrolyte production capacity in Australia utilising LE System’s proprietary technology.
- Feasibility Study (FS) to be prepared jointly with technical support provided by LE System
