This ASX-listed junior is chasing vanadium — a ‘super metal’ that’s in the throes of a market explosion in light of its recent emergence as a lithium battery ingredient.
Vanadium is 2018’s best performing electric metal to date. Its price is up 55% in less than three months since January 1, easily surpassing that of the more extolled new energy metals, cobalt and lithium.
There are only a few vanadium exploring companies on the ASX, especially those exploring for vanadium as their primary target, making today’s company a potentially unique opportunity for small cap investors.
The company’s newly-acquired project in the established vanadium production hub of Gauteng, South Africa, is a large, high grade magnetite hosted vanadium deposit with numerous RC and diamond drilling results of intersections greater than 1% vanadium oxide with associated titanium mineralisation in magnetite units.
The good news for investors who haven’t yet recognised the potential in vanadium is that global vanadium supply will be limited in coming years.
A low global inventory in combination with growing demand, should see vanadium prices rise even higher still, extending what is now an eight-year high.
That’s good news for today’s company which looks to be entering the market at just the right time.
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There is huge potential from vanadium redox flow batteries (VFRB), which many believe could be superior better way of storing grid energy than lithium-ion.
Today’s company has a high-grade variety of vanadium that’s required for the newly evolving battery technology and it will look to capitalise on current market dynamics.