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Vanadium News, page-166

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Wintersun

1,130 Posts.

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14/05/24

16:25

Post #: 73819508
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Originally posted by daicosisgod: ↑

An announcement yesterday from a fellow Australian vanadium produce VR8 shows the development of vanadium as a 'Critical Mineral' and its growing importance. This type of announcement is a big positive for near term vanadium producers like SRN.

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Vanadium Resources Ltd. (AU:VR8) has released an update.
Vanadium Resources Ltd. has secured Memorandums of Understanding (MOUs) surpassing 100% of its Phase 1 production capacity for vanadium pentoxide, with the latest being with high-end alloy producer Hunan Zhongxin. The MOUs are fundamental to the company’s strategy for project financing, as it continues to engage with global traders and end-users to finalize binding offtake agreements. These developments signal strong international demand and a potential shift in the vanadium market, driven by its use in Vanadium Redox Flow Batteries (VFBs) and specialized alloys.

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Also very worthy to note is that V prices seem to be starting to ramp up. If this trend continues, SP of SRN should EASILY return to previous highs particularly with the milestones to come soon.

SRN Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $10.92M

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No.	Vol.	Price($)
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