RE:Topical reading: US Vanadium LLCThanks KHA
The announcement that U.S. Vanadium has purchased the vanadium processing plant near Hot Springs will have an enormous effect on the local and state economy.
An initial investment of $8.5 million over the next 18 months, including the hiring of 70 to 90 employees, is just the beginning of unlimited future investment in the exciting development of vanadium redox flow batteries.
LV: is this the play? Redox batteries – not – just refining HP vanadium?
The plant is the only one in the Americas that produces the world's highest-purity vanadium pentoxide.
LV: Is this a fact? Is the plant even operational? Will this be their ultimate goal?
Vanadium redox batteries are used to store electricity from solar and wind farms. These batteries have dramatic benefits over lithium-ion batteries presently used for storage of electricity.
The battle for vanadium metal is a worldwide battle. Presently this battle is being won by China and Russia. Mining of vanadium-bearing ore is only done in South Africa, China and Russia. The open-pit mining east of Hot Springs is no longer feasible but the extraction of vanadium from many byproducts of various manufacturing and refining industries provides the source of the basic vanadium to be converted at the U.S. vanadium plant.
LV: The open pit being of no use then who will provide the un-processed vanadium? Will they be in the processing business and sell the HP Vanadium for redox use or processing vanadium for their own redox development
Jack McKinney