"use strict"; document.addEventListener('scroll', initGTMOnEvent); document.addEventListener('mousemove', initGTMOnEvent); document.addEventListener('touchstart', initGTMOnEvent); function initGTMOnEvent(event) { initGTM(); event.currentTarget.removeEventListener(event.type, initGTMOnEvent); // remove the event listener that got triggered } function initGTM() { if (window.gtmDidInit) { return false; } window.gtmDidInit = true; // flag to ensure script does not get added to DOM more than once. const script = document.createElement('script'); script.type = 'text/javascript'; script.async = true; script.onload = () => { dataLayer.push({ event: 'gtm.js', 'gtm.start': new Date().getTime(), 'gtm.uniqueEventId': 0 }); }; // this part ensures PageViews is always tracked script.src = 'https://www.googletagmanager.com/gtm.js?id=GTM-WDW6WGL'; document.head.appendChild(script); } AVL Signs Joint Venture with Ultra Power Systems on Coates Vanadium Project - Australian Vanadium Limited

13/05/2019

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)