Bushveld supports Avalon, redT merger

Integrated primary vanadium producer Bushveld Minerals has agreed to support the merger of vanadium redox flow battery manufacturer Avalon Battery Corporation and redT energy with interim funding of $5-million. The interim funding will give Bushveld an opportunity to acquire a strategic interest in the merged energy storage company and, on successful completion of the merger, the loan will convert into shares in the merged entity.