Australian Vanadium Limited has been the benefit of a government grant of $49 Million, presumably in an effort to pivot dependence on rare earth minerals away from China to other sources. For a company that yesterday had a market Cap of $115.5M this is extraordinary. This cash injection will go a long way to stop capital raises while the company brings production online.

The more interesting part of this business to me is its subsidiary VSUN Energy, which is in the early stages of rolling out vanadium redox flow batteries. Although not suitable for EV's (given the weight) their use in fixed power supply, looks hugely promising.