Australian Vanadium secures EXIM letter of interest for $31m
ASX-listed Australian Vanadium (AVL) has received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM) for up to $31-million in debt financing aimed at advancing the development and construction of the project at Gabanintha, near Meekatharra.
The project encompasses a mine alongside a crushing, milling, and beneficiation plant., AVL is also set to establish a downstream vanadium processing facility at Tenindewa, near Mullewa. The company also operates a vanadium electrolyte manufacturing plant in Perth.
EXIM’s support is particularly focused on the potential for US equipment sourcing for the project. As part of its optimised feasibility study, AVL is actively opportunities to enhance the project's US content, including equipment, goods, and services. This expansion could potentially increase the financing amount offered by EXIM.
CEO Graham Arvidson said that, receiving support from agencies such as EXIM, underscored the advanced nature of the Australian Vanadium project.
AVL is collaborating with various export credit agencies worldwide, including those in Australia, as well as commercial banks, to secure financing for the project's development, he added/
Arvidson highlighted the critical role of vanadium, which is classified as both a critical and battery mineral. With global demand for secure supply chains increasing, AVL’s collaboration with the US aligns with the Australian federal government’s strategic objectives for the critical and battery mineral sectors.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
