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Australian Vanadium ( (AU:AVL) ) has issued an announcement.
Australian Vanadium Limited has received a $4.9 million milestone payment from the Australian Government as part of a grant supporting the development of the Australian Vanadium Project. This funding is part of a larger $49 million grant aimed at enhancing domestic vanadium production for the battery energy storage market. The funds will be used to construct and commission facilities essential for vanadium extraction and processing, which are crucial for AVL’s vanadium flow battery strategy. The grant’s progress payments are expected to continue over the next few years, contingent on meeting project milestones.
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 (AVL) is a resource company focused on the vanadium value chain, from resource extraction to steel and energy storage opportunities. The company is advancing the Australian Vanadium Project at Gabanintha, one of the most advanced vanadium projects globally. AVL also owns VSUN Energy, a subsidiary dedicated to renewable energy and energy storage, particularly vanadium flow batteries (VFBs).
Average Trading Volume: 5,453,785
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$77.71M
For detailed information about AVL stock, go to TipRanks’ Stock Analysis page.