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Australian Vanadium ( (AU:AVL) ) has shared an announcement.
Australian Vanadium Limited has signed a variation to its $49 million grant agreement under the Modern Manufacturing Initiative, aligning it with the company’s integrated project plan following its merger with Technology Metals Australia. This grant supports the development of AVL’s vanadium processing facilities and is crucial for advancing their ‘pit to battery’ strategy, which aims to bolster Australia’s sovereign vanadium supply chain and support national energy strategies.
The most recent analyst rating on (AU:AVL) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Australian Vanadium stock, see the AU:AVL Stock Forecast page.
More about Australian Vanadium
Australian Vanadium Limited (ASX: AVL) operates in the mining and processing industry, focusing on the production of vanadium, a critical mineral used in energy storage and steel manufacturing. The company is developing an integrated vanadium supply chain in Australia, leveraging its merger with Technology Metals Australia to enhance its project capabilities.
Average Trading Volume: 6,384,425
Technical Sentiment Signal: Sell
Current Market Cap: A$94.98M
See more insights into AVL stock on TipRanks’ Stock Analysis page.