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The latest announcement is out from Critical Minerals Group Ltd. ( (AU:CMG) ).
Critical Minerals Group Ltd. has achieved significant milestones in its domestic vanadium electrolyte supply chain project, triggering a $900K progress payment under a $2.7M grant from the Australian Government’s IPCM program. This project, in collaboration with Idemitsu Australia, aims to establish a complete vanadium supply chain for battery materials, crucial for vanadium flow battery energy storage solutions. The progress underscores CMG’s strategic importance in the energy storage market, positioning Australia as a leader in this sector and supporting long-term benefits for the industry and regional communities.
More about Critical Minerals Group Ltd.
Critical Minerals Group (ASX: CMG) is a Brisbane-based company focused on delivering sustainable energy storage solutions globally. It aims to be a leader in Vanadium Flow Battery energy storage, aligning its strategy with the global energy transition. CMG is developing an end-to-end supply chain, including a vanadium mine and processing operation in North Queensland and a vanadium electrolyte manufacturing facility in South East Queensland.
Average Trading Volume: 25,648
Technical Sentiment Signal: Buy
Current Market Cap: A$13.13M
Find detailed analytics on CMG stock on TipRanks’ Stock Analysis page.