ASX-listed Technology Metals has inked a memorandum of understanding (MoU) with China’s Big Pawer Electrical Technology Xiangyang Inc over a possible joint venture (JV) to produce vanadium electrolyte and vanadium redox flow battery (VRFB) manufacturing in Australia.
The MoU establishes a framework for a binding vanadium pentoxide offtake agreement that would cover up to 5 000 t/y of Technology Metals’ proposed production at its Gabanintha project, in Western Australia.