Good Morning So yes . Last 2 posts . As another poster posted . The Math is 4 billion plus $ in Vanadium . and two solid billion $ partners . Early days but sure seems to me there will be a buyout down the road . Then add the recent news Queensland North Spening big millions for a Vanadium plant expect to be up and running by 2023 .( Quote).
Queensland’s Minister for Resources and Member for Townsville, Scott Stewart, said his department would go to market in the new year for detailed engineering assessments and costings for the plant, for which the state government would front at least $10 million from its $520 million Invested in Queensland program. The final investment amount though will depend on the outcome of the construction tender. The government said it is in the final stages of site selection within Townville, and expects construction to start in 2022, with the plant scheduled to begin operating in 2023. The facility is part of what the Palaszczuk government described as its push for the state to become a leading producer and exporter of “new-economy minerals” and “the home of new industries.”(Quote ) Yup its early days but there will be plenty of news and lots of drilling coming so whats a year if your long ? Add that Vanadium hots Uranium as well as lead and yup CUI can be a monster play and if thats not enough . Kensin mentioned Gold . This is ground floor . Billionaires like Gates , Bezos, and Branson , and yes Friedland buiding power plants all believe Vandium is the future of EV.( Posted ) Then add the fact the 85% of the worlds Vanadium is produced by only 3 countrys . China, Russia, and South Africa (The origin of the latest mutant strain of covid ) so yes no more hostage or Geo politics as this play is in Australia . Dont think these billinaires are going to take notice ?. Right Vanadium and extras. IMO ground floor for huge gains and right the tiny float . Read on . (Quote)
Uranium’s Presence
Because of a mutual chemical affinity, about a third of all vanadium-bearing minerals contain uranium. These include carnotite, a hydrous potassium uranium vanadate, and tyuyamunite, a hydrous calcium uranium vanadate, both of which occur as bright, canary-yellow encrustations.
Elemental vanadium is not as showy as many of its minerals. It is a silvery-white metal as dense as iron, but with a substantially higher melting point. Ranking 19th in crustal abundance, it is about as common as chromium and nickel.