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Australian Vanadium ( (AU:AVL) ) has shared an announcement.
Australian Vanadium Limited has announced its intention to submit an Expression of Interest for the Kalgoorlie Vanadium Battery Energy Storage System project, backed by a $150 million funding commitment from the Western Australian Government. This project aims to enhance energy security and stimulate local economic growth by establishing a domestic vanadium supply chain. AVL’s vertically integrated approach and collaboration with industry partners are expected to strengthen its proposal, aligning with government objectives for local content and long-duration energy storage solutions.
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 energy storage industry, focusing on vanadium extraction and production. Through its subsidiary, VSUN Energy, the company provides vanadium flow battery energy storage systems, leveraging its integrated ‘pit-to-battery’ capability. AVL is recognized for its electrolyte production and deployment expertise, positioning itself as a leader in the vanadium battery market.
YTD Price Performance: -28.57%
Average Trading Volume: 11,426,066
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$86.69M
See more data about AVL stock on TipRanks’ Stock Analysis page.