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Australian Vanadium Limited (ASX: AVL) has secured continued backing under the Commonwealth’s Modern Manufacturing Initiative, with an AU$49 million grant aligned to its integrated vanadium project. The grant, already providing AU$24.5 million in progress payments, will fund the construction of a beneficiation plant and high-purity vanadium processing facility in Western Australia. Following its merger with Technology Metals Australia, AVL is advancing a “pit-to-battery” strategy, spanning mining near Meekatharra, processing in Geraldton, and electrolyte production in Perth. This vertically integrated approach positions AVL to strengthen Australia’s sovereign vanadium supply chain and support national energy storage goals, including the deployment of 500 MWh of vanadium flow battery capacity. With 395.4 Mt of mineral resources and a high-grade zone of 173.2 Mt at 1.09% V₂O₅, the project is among the most advanced globally. The grant agreement now extends to 2029, reinforcing AVL’s role in Australia’s clean energy transition
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.