There I was thinking the federal government was against anything related to renewable energy or battery electric vehicles. I thought it must have been a mistake until I realised (at least part of) the investment was for digging dirt.

Sarcasm aside, Bryah Resources is in the box seat with a $50 million manufacturing grant awarded to Australian Vanadium project under the Modern Manufacturing Initiative Collaboration Stream. In the deal where Bryah Resources was part of collaboration application, it retains the nickel and copper rights. 

The Australian Vanadium project is purported to deliver ‘green-fuelled’ vanadium for the steel and vanadium battery sector.

While Australia has enormous volumes of rare earth minerals there has been no backing for domestic production as China refines its locally sourced minerals cheaply.

“China currently dominates around 70% to 80%of global critical minerals production and continues to consolidate its hold over these supply chains,” and “This initiative is designed to address that dominance.” said Energy and Industry Minister, Angus Taylor 

There are quite a number of “ifs” for this to get off the ground, however, the federal and state government funding is a positive.