Australian Vanadium Secures $1.59 Million R&D Tax Refund

The latest update is out from Australian Vanadium Limited ( (AU:AVL) ).

Australian Vanadium Limited has received a $1.59 million refund under the Australian Federal Government’s R&D Tax Incentive Scheme for activities conducted in the 2023/24 tax year. This refund, which includes contributions from both AVL and Technology Metals Australia, supports AVL’s ongoing efforts in vanadium resource development and energy storage solutions, potentially enhancing its market positioning and stakeholder value.

More about Australian Vanadium Limited

Australian Vanadium Limited (AVL) is a resource company focused on vanadium, offering investors exposure to 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 focused on developing the Australian market for vanadium flow batteries for long-duration energy storage.

YTD Price Performance: 14.29%

Average Trading Volume: 63,582

Technical Sentiment Signal: Sell

Current Market Cap: $60.62M

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