{"id":3859,"date":"2023-05-03T10:43:00","date_gmt":"2023-05-03T05:13:00","guid":{"rendered":"https:\/\/px4software.com\/?p=3859"},"modified":"2023-11-28T10:43:51","modified_gmt":"2023-11-28T05:13:51","slug":"v-for-vanadium","status":"publish","type":"post","link":"https:\/\/px4software.com\/v-for-vanadium\/","title":{"rendered":"V for Vanadium"},"content":{"rendered":"\n
With the Lithium industry setting the pace for critical minerals\u2019 investment, it would be a brilliant idea to look at the next critical mineral claimed to help reach net zero \u2013 Vanadium.<\/strong><\/p>\n\n\n\n This malleable transition metal is used to manufacture redox batteries used in grid energy storage and typically outlasts lithium-ion batteries. However, because this type of battery can also be used in electric vehicle charging stations, production would only complement the already booming Lithium industry. With an operational lifespan of over 20 years, many mining companies are bidding for Vanadium projects in Western Australia and Queensland.<\/p>\n\n\n\n Previously, environmental concerns impeded the progress of new critical mineral projects going ahead. However, that\u2019s all changed after Queensland recently invested in an Environmental Impact Statement (EIS) in the North-West Minerals Province<\/a>.<\/p>\n\n\n\n A $242.2 million project was proposed for a site located 45 km north-west of Richmond and its proponent is Richmond Vanadium Technology (RVT). They expect this mine will create up to 100 construction and 200 continuous operations positions over the next 25 years.<\/p>\n\n\n\n \u201cThere are huge opportunities to grow production of critical minerals in the North West Minerals Province and our investment in Copperstring 2032 and the Queensland Resources Common User Facility will support companies like Richmond Vanadium Technology.\u201d Resources Minister Scott Stewart said.<\/p>\n\n\n\n