Vanadium Resources Ltd. (AU:VR8) has released an update.
Vanadium Resources Ltd. has successfully concluded its Chinese Vanadium Industry Roadshow, securing Memorandums of Understanding for over 100% of Phase 1 production of the Steelpoortdrift Vanadium Project, and is now pursuing additional offtake and strategic partnerships globally. The company has adjusted its production strategy to cater to the booming demand for high-purity Vanadium Pentoxide, driven by China’s rapidly expanding grid-scale Vanadium Flow Battery market. This strategic move promises to futureproof the project and enhance its long-term value, positioning the company to capitalize on the expected growth in the energy storage sector.
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