Australian Vanadium merges with TMT Australia

Battery developer Australian Vanadium Limited (AVL) and Technology Metals Australia have completed their merger, creating a stronger business developing a mine to battery value chain for vanadium redox flow batteries (VRFBs).

The merger also brings together the companies’ adjoining mining leases at Gabanintha, south of Meekatharra in Western Australia, where AVL plans mining which will be processed near the port of Geraldton and processed into vanadium pentoxide (V2O5) suitable for the battery market.

Earlier this week AVL subsidiary VSUN Energy completed the manufacture of its first vanadium flow battery at its Western Australian facility with factory testing being undertaken in Q1, 2024.

Australian Vanadium’s vanadium electrolyte manufacturing facility was completed in Perth’s northern suburbs in December.

AVL was supported by a $49 million grant from the federal government’s Modern Manufacturing Initiative Collaboration Stream.

VRFB batteries are heavier than lithium ion batteries of similar capacity, with their heavier weight making them suitable for stationary locations. The electrolyte is also infinitely recyclable.

Following the merger AVL shareholders will hold 58 percent of the merged company, with TMT shareholders holding 42 percent.

Further reading:
Merger creates vanadium battery metal powerhouse
VSUN Energy completes first vanadium flow battery
AVL’s vanadium electrolyte facility complete

Picture: Australian Vanadium/rotary kiln