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QEM Limited ( (AU:QEM) ) has issued an announcement.
QEM Limited has achieved a significant milestone with its Julia Creek Vanadium and Energy Project being declared a Controlled Action by the Commonwealth’s Department of Climate Change, Energy, the Environment and Water. This designation facilitates a streamlined environmental assessment process under a bilateral agreement between the Commonwealth and Queensland Government, reducing duplication and enhancing efficiency. The project, set to create substantial employment opportunities, is positioned to become a major supplier of vanadium electrolyte for flow batteries, with construction anticipated to begin in 2028, pending necessary approvals.
More about QEM Limited
QEM Limited is a critical minerals explorer and developer focusing on vanadium and oil shale projects in Australia. The company’s efforts are centered around its Julia Creek Vanadium and Energy Project, aiming to address energy storage and fuel security needs by producing vanadium electrolyte for flow batteries.
YTD Price Performance: -2.00%
Average Trading Volume: 244,454
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.35M
For an in-depth examination of QEM stock, go to TipRanks’ Stock Analysis page.