AVL Lodges Application for Federal Government Manufacturing Grant

Grant application aligns with AVL’s vanadium processing plans to retain value in Australia.

• AVL has applied for a grant from the Australian Government under the Resources
  Technology and Critical Minerals Processing National Manufacturing Priority Grant.
• Application is for matched funding to support AVL’s plan to:
  o Include a high-purity vanadium pentoxide processing circuit to produce battery,
  chemical and master-alloy grade from the Australian Vanadium Project.
  o Build and operate a commercial vanadium electrolyte plant based in WA, to
  support the rollout of vanadium redox flow batteries (VRFBs) in Australia.
  o Assemble and manufacture prototype/demonstration residential and Stand-Alone
  Power Systems (SPS) based on VRFB technology for distribution in Australian
  energy markets.