Federal grant to boost Australian Vanadium Project


Australian Vanadium says it has been granted $1.25 million in federal government funding towards its bid to become one of the world’s lowest-cost producers of vanadium, an elemental metal that has rapidly become a key ingredient for large-scale battery energy storage solutions.


Renew Economy is reporting the ASX-listed AVL said it would use the CRC-P Grant money to help fund industry-leading critical metals research aimed at improving the efficiency of vanadium processing.


AVL said the $4.9m research initiative – which is being conducted alongside Wood, ALS, Curtin University and the Australian Nuclear Science and Technology Organisation (ANSTO) – aimed to help decrease costs of the Australian Vanadium Project, AVL’s open-pit vanadium mine in Meekatharra, Western Australia.


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Australian Vanadium will present at MESCA’s Project Briefing in Perth on April 30. Check out of full 2020 schedule 

 


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