https://newsletter.mw.creamermedia.com
Energy|PROJECT|Resources|Technology
Energy|PROJECT|Resources|Technology
energy|project|resources|technology

Richmond Vanadium starts share trade

13th December 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Vanadium developer Richmond Vanadium Technology has started share trading on the ASX following a successful initial public offering (IPO) which raised A$25-million.

The company on Tuesday started trading on the ASX under the code RVT and issued 62.5-million shares at a price of 40c each under its IPO.

“We are very excited to be listing on the ASX and I would like to personally welcome all new shareholders to the company. I look forward to regularly updating the market as we continue to progress the bankable feasibility study (BFS) and other developments at the Richmond vanadium project to create significant value for our shareholders,” said Richmond Vanadium MD Dr Shaun Ren.

“With the expected emergence of vanadium as one of the most important critical minerals that will enable the global energy transition, this is the ideal time to provide investors with an opportunity to invest in a world class clean, green, focussed vanadium project. We are excited about the potential this advanced project has to offer shareholders and the role it can play in the expansion of the global vanadium sector.”

The Richmond vanadium project, in Queensland, is considered one of the largest undeveloped oxide vanadium resources in the world, with a Joint Ore Reserves Committee-compliant resource of 1.8-billion tonnes, at 0.36% for 6.7-million tonnes of vanadium pentoxide, and an ore reserve of 459-million tonnes, at 0.49% for 2.25-million tonnes of vanadium pentoxide.

A 2020 prefeasibility study estimated a project life of an initial 25 years at a production rate of 4.2-million tonnes a year run-of-mine ore mined, producing 790 000 t/y of vanadium pentoxide.

The company is completing a BFS on the Richmond project and is progressing approvals. The project was declared a Coordinated Project in May this year, making it the first critical minerals project in Queensland to be awarded this status.

Edited by Creamer Media Reporter

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.125 0.198s - 144pq - 2rq
Subscribe Now