RE: LET ME TRY THIS AGAIN: TERRIFIC VANADIUM NEWS
Some deposits seem to be skewed for battery production: Energizer & American Vanadium. Largo's deposit
is for steel: ferrovanadium. I think we need to know how easy it is to make battery grade vanadium from the ferrovanadium.
https://www.mining.com/2011/10/26/jonathan-lee-graphite-and-vanadium-to-benefit-from-battery-market-growth/
L: We also cover American Vanadium and classify itas a Speculative Buy. It’s a different deposit. It’s a sedimentarydeposit out in Nevada. It just came out with its feasibility study lessthan a month ago and showed positive economics. It could potentially beanother low-cost producer using a different technology—asolvent-extraction technology without any roasting or grinding. Thismakes the project economic. It’s a simple heap-leach andsolvent-extraction process.
TCMR: Like copper.
JL: It’s going to be producing different material. Largo is going to be producing about 5,000 tpa of ferrovanadium. So onan 80/20 basis, that’s roughly 4,000 tons (t.) of vanadium contained.American Vanadium is looking to produce about 11 Mlb. of vanadiumpentoxide a year. Those are the numbers that they are targeting rightnow. They are two different products, both containing vanadium, but oneis in the form of vanadium pentoxide, and one is in the form offerrovanadium.
TCMR: Is the pentoxide more of a chemical-type product vs. the ferrovanadium, which is more of a metal?
JL: Ferrovanadium has the iron. Typically, becauseit’s in a magnetite, there is iron associated with that product andferro is the iron portion of the vanadium.