Map of Coates Vanadium Project

AVL Signs Joint Venture with Ultra Power Systems on Coates Vanadium Project

Vanadium deposit to be explored primarily for application in vanadium redox flow batteries

Highlights:
• Joint Venture Agreement signed with vertically integrated electrochemical processing and energy storage technology company Ultra Power Systems Ltd (UPS) to evaluate AVL’s Coates Vanadium Project.
• UPS aims to produce vanadium electrolyte using a combination of a unique processing route and high-density vanadium electrolyte production.
• AVL has signed a JV to create value for shareholders by;
➢ Monetising a secondary asset and;
➢ Testing processing technology focused on enhancing the uptake of vanadium redox flow batteries in Australia.
• Agreement allows for AVL to receive either $500,000 or equivalent shares in UPS.

AVL Signs Joint Venture with Ultra Power Systems on Coates Vanadium Project View PDF (424kB)