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Australian Vanadium Limited ( (AU:AVL) ) has provided an announcement.
Australian Vanadium Limited has made significant progress in its upstream vanadium project by advancing the feasibility study and securing essential environmental approvals, bolstered by federal government support. The company is also making strides in the energy storage sector through its subsidiary, VSUN Energy, with Project Lumina, a vanadium flow battery energy storage system, showing competitive cost performance. The company has established key partnerships and secured land access, aiming to complete development by mid-2025 to meet the growing demand for long-duration energy storage solutions.
More about Australian Vanadium Limited
Australian Vanadium Limited operates within the mining industry, focusing on the extraction and processing of vanadium. The company is engaged in vertically integrating its operations from mining vanadium oxides to producing vanadium electrolyte, which is utilized in vanadium flow batteries for energy storage applications in the Australian market.
YTD Price Performance: -28.57%
Average Trading Volume: 19,420
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $75.41M
See more insights into AVL stock on TipRanks’ Stock Analysis page.
