Australian Vanadium Seeks $500M to Build Mine, Processing Plant

Australian Vanadium (ASX:AVL, FRA:JT71, OTC:ATVVF) will commence construction of its Australian Vanadium Project (AVP) in 2024 targeting production by late 2025 or early 2026, according to an article published by the Chamber of Commerce and Industry, WA.

Profiled on WA Investments, the project is seeking an investment value of more than $500 million to start building the project including an open-pit mine near Meekatharra and a processing plant near Geraldton, the article stated.

“The Australian Vanadium Project is located in a tier-one (low-risk) mining jurisdiction and is comprised of a high-grade vanadium resource, amenable to an industry-standard processing route,” said Australian Vanadium CEO Graham Arvidson.

The Australian Vanadium Project is expected to produce 11,200 tonnes of vanadium pentoxide with a 25-year life of mine.

Read the full article here.

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ATVVF

$49 Million Government Grant Agreement Executed

Collaboration grant agreement to support the development of the Australian Vanadium Project.

Further to the Company’s announcement on 16 March 2022¹, Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to advise that AVL and the Commonwealth of Australia, represented by the Department of Industry, Science and Resources, have executed a Commonwealth Grant Agreement (“the Agreement”) as part of the Modern Manufacturing Initiative - Manufacturing Collaboration Stream (“the Grant”).

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Australian Vanadium Gets AU$2.63 Million Government Refund for R&D Work

Australian Vanadium (ASX:AVL,OTC Pink:ATVVF) announced on Tuesday (August 13) that it has received AU$2.63 million by way of the Australian government’s Research & Development (R&D) Tax Incentive Scheme.

The refund amount was granted for R&D completed in the 2022/2023 tax year by Australian Vanadium and Technology Metals Australia, with AU$1.79 million and AU$0.84 million coming from their respective submissions.

The two companies announced plans to merge in 2023, and completed the transaction earlier this year.

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Magnifying glass looking at vanadium periodic symbol.

Vanadium Market Update: H1 2024 in Review

Vanadium saw a price bump in January on hopes that China's property sector would prop up demand, but that positivity began to erode during the first half of the year as consumption remained weak.

Willis Thomas, head of CRU+, said that in January prices were 5 percent higher than December’s average, reaching 91,167 renminbi per metric ton (MT) delivered at place (DAP), or US$12,766.16.

“However, since this pre-New Year’s bump, policies introduced this year have so far failed to revive demand in the property sector, and the downward trend on pricing has continued along with structurally weak demand for finished long steel products,” he told the Investing News Network (INN) via email.

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Velox Announces ASX Dual Listing, Gets Vanadium Project Support from Queensland Government

Exploration-stage Velox Energy Materials (TSXV:VLX) publicized plans to dual list on the ASX in a press release shared on August 2, saying it's aiming to raise AU$8 million to AU$10 million in the process.

The vanadium-focused company also said it has secured a "cornerstone investment" commitment from the QIC Critical Minerals and Battery Technology Fund, which is managed and administered by QIC.

“With our flagship North Queensland Vanadium Project (NQVP) and Kotai Hydrogen Project both based in Australia, it is logical that we would seek to gain further exposure to Australian investors via a proposed dual listing on the ASX,” Simon Coyle, president and CEO of Velox, commented in last week's announcement. “We are extremely excited to have a QIC-managed fund as a cornerstone investor in the proposed dual listing capital raise.”

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Vecco Vanadium and Critical Minerals Site Gets “Coordinated Project” Status

Queensland Coordinator-General Gerard Coggan has declared the AU$798 million Vecco critical minerals asset a “coordinated project,” paving the way for the environmental approval process.

Coggan made the announcement in a July 11 release, saying that Vecco Industrial, the owner of the property, will be required to produce an environmental impact statement (EIS) for the project.

Vecco is a greenfield site that Vecco Industrial plans to develop into a mine that will produce vanadium pentoxide, high-purity alumina and molybdenum trioxide. Located in Queensland’s Critical Minerals Zone, the project spans 3,534 hectares and is approximately 70 kilometres north of Julia Creek and 515 kilometres west of Townsville.

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Largo Announces Annual General Meeting Extension

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today announces that the Company has received approval from the Toronto Stock Exchange (" TSX ") to extend its Annual General Meeting of Shareholders (the " Meeting ") to Monday, July 29, 2024, at 10:00 a.m. ET. The Meeting will be held at the offices of Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, M5L 1B9, Canada. Without TSX approval, the Company's annual meeting must be held by June 30 each year.

The Meeting is being held for the following purposes:

News Provided by Business Wire via QuoteMedia

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Madison Metals Inc.	OTCQB: MMTLF \| CSE: GREN
Blue Sky Uranium Corp.	OTCQB: BKUCF \| TSXV: BSK
Kraken Energy Corp.	OTCQB: UUSAF \| CSE: UUSA
Fission Uranium Corp.	OTCQX: FCUUF \| TSX: FCU
Peninsula Energy Ltd.	OTCQB: PENMF \| ASX: PEN
Keynote Presentation: The Outlook for Vanadium Supply/Demand Projections and Analysis Terry Perles, Secretary of Board of Directors US Vanadium
Energy Fuels Inc.	NYSE American: UUUU \| TSX: EFR
Largo Physical Vanadium Corp.	TSXV: VAND
Currie Rose Resources Inc.	Pink: CUIRF \| TSXV: CUI
Phenom Resources Corp.	OTCQX: PHNMF \| TSXV: PHNM
Australian Vanadium Limited	OTCQB: ATVVF \| ASX: AVL

Presentation	Ticker(s)
Vision Lithium Inc.	OTCQB: ABEPF \| TSXV: VLI
CleanTech Lithium PLC	OTCQB: CTLHF \|AIM: CTL
Collective Mining Ltd.	OTCQX: CNLMF \| TSXV: CNL
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Faraday Copper Corp.	OTCQX: CPPKF \| TSX: FDY
Avalon Advanced Materials Inc.	OTCQB: AVLNF \| TSX: AVL
Sun Summit Minerals Corp.	OTCQB: SMREF \| TSXV: SMN
Wealth Minerals Ltd.	OTCQB: WMLLF \| TSXV: WML
Southern Silver Exploration Corp.	OTCQX: SSVFF \| TSXV: SSV
Pacific Ridge Exploration Ltd.	OTCQB: PEXZF \| TSXV: PEX

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Guanajuato Silver Co Ltd.	OTCQX: GSVRF \| TSXV: GSVR
Doré Copper Mining Corp.	OTCQX: DRCMF \| TSXV: DCMC
Amex Exploration Inc.	OTCQX: AMXEF \| TSXV: AMX
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Grounded Lithium Corp.	OTCQB: GRDAF \| TSXV: GRD
Giga Metals	OTCQX: HNCKF \| TSXV: GIGA
Lavras Gold Corp.	OTCQB: LGCFF \| TSXV: LGC
Century Lithium Corp.	OTCQX: CYDVF \| TSXV: LCE
Power Nickel Inc.	OTCQB: PNPNF \| TSXV: PNPN
O3 Mining Inc	OTCQX: OIIIF \| TSXV: OIII
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Empress Royalty Corp.	OTCQX: EMPYF \| TSX-V: EMPR

Notes:

(1)	The non-National Instrument 43-101 Pre-feasibility Study described above is an independent economic scenario from the BlackRock National Instrument 43-101 Feasibility Study ("FS"), which was effective on November 18, 2022. Details for this scenario were outlined in the Company's March 12, 2024 news release and further clarified in the July 12, 2024 news release. The Project will not exploit any of the Company's own mineral reserves and will rely on merchant third-party iron feed. It is possible that the full BlackRock Project as was described in the FS could benefit from the Project infrastructure in the future, but the potential benefits are unknown at this time.

Australian Vanadium Seeks $500M to Build Mine, Processing Plant

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