Critical Minerals Group Secures Government Grant for Vanadium Development

Critical Minerals Group Ltd. ( (AU:CMG) ) has issued an update.

Critical Minerals Group Ltd. (CMG) has been awarded a $2.7 million grant from the Australian Government’s International Partnerships in Critical Minerals Program. This grant will facilitate the development of a domestic vanadium electrolyte value chain, including the commissioning of a new facility in Logan, Queensland, and the extraction and processing of materials. Additionally, CMG has secured a site for its Vanadium Electrolyte Manufacturing Facility and awarded a contract to Sedgman Pty Ltd for its design and construction. These developments are poised to enhance CMG’s position in the critical minerals industry, particularly in the emerging Long Duration Energy Storage market.

More about Critical Minerals Group Ltd.

Critical Minerals Group Ltd. is a company operating in the mining industry, focusing on the production and development of critical minerals such as vanadium. The company is committed to establishing a domestic production chain for battery-grade chemical materials, particularly through advancements in vanadium electrolyte manufacturing.

YTD Price Performance: 3.12%

Average Trading Volume: 16,975

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$11.89M

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