The announcement below (summary detail only), even though it relates to AVL, demonstrates that vanadium is very much a critical mineral in demand and validates all the work SRN is doing to bring the Victory Bore Vanadium Project to fruitition.
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ASX ANNOUNCEMENT 30 MAY 2023 $49 MILLION GOVERNMENT GRANT
AGREEMENT EXECUTED Collaboration grant agreement to support the development of the Australian Vanadium Project.
KEY POINTS
• AVL and the Commonwealth have executed a grant agreement under the Modern Manufacturing Initiative – Manufacturing Collaboration Stream.1
• The Agreement provides a grant of $49 million to support the Australian Vanadium Project. • The Australian Vanadium Project is one of the most advanced critical mineral vanadium projects being developed globally, with the potential to produce 11.2kt per annum of vanadium pentoxide over a 25+ year mine life
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