Australian Vanadium Ltd
Australian Vanadium Ltd (ASX:AVL), formally known as Yellow Rock Resources, is focussed on vanadium at its flagship Gabanintha project in Western Australia.
See more information about Australian Vanadium Ltd
Australian Vanadium Ltd bags funds for battery market development and sales
Australian Vanadium Ltd (ASX:AVL) has received strong support in its rights issue, raising over $1.6 million at tiny_mce_marker.013.
The proceeds will be used to fund AVL's vanadium battery market development and sales, as well as a feasibility study for an AVL electrolyte plant.
The company's vision is to create value for shareholders by supplying its high-grade product to battery makers worldwide - a market which is expected to grow significantly on the back of increased renewable energy generation.
Therefore the company has a vertical integration strategy, using vanadium from the mine face through to the battery application.
Gabanintha
Funds will also focus on the next stages of evaluation at the company's rapidly emerging Gabanintha vanadium project near Meekatharra in Western Australia, and for general working capital.
At Gabanintha, studies are expected to commence in Q2 2016.
Gabanintha is currently one of the highest-grade vanadium projects being advanced globally with Measured, Indicated and Inferred Resources of 91.4 million tonnes at 0.82% vanadium.
It also contains a discrete high-grade zone of 56.8 million tonnes at 1.0% vanadium.
Other Australian Vanadium Ltd news
- Australian Vanadium的预可行性研究更新突出了强劲的经济效益和同名项目扩大的矿石储量
2021-01-18 - Australian Vanadium暂停交易，等待预可行性研究消息更新
2021-01-18 - Australian Vanadium从澳大利亚联邦政府获得97.3万美元的研发退款，增加了现金余额
2021-01-18 - Australian Vanadium聘请西澳咨询公司进行VRFB设计工作
2021-01-18 - Australian Vanadium与美国主要钒专业化工生产商签署战略承购谅解备忘录
2020-12-07
