NewPeak Metals Ltd. (AU:NPM) has released an update.
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NewPeak Metals Ltd is set to acquire the Allaru Vanadium Project in Queensland, a strategic move as vanadium is vital for renewable energy technologies like vanadium redox flow batteries. The acquisition involves $5 million worth of NewPeak shares, and the company plans a capital raising to support the venture. This addition complements NewPeak’s portfolio of critical mineral projects, aligning with its strategy to monetize existing assets.
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