Australian Vanadium Limited (AU:AVL) has released an update.
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Australian Vanadium Limited (ASX: AVL) has announced receiving a non-binding Letter of Interest from the U.S. Export-Import Bank for financing up to US$31 million for its vanadium project. This support underscores the international interest in Australian vanadium resources, deemed critical for battery production, and AVL’s ongoing efforts to secure funding from various government and commercial entities. The project, which includes a mine and processing plant, aligns with strategic goals to establish secure critical mineral supply chains.
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