Us lithium miner acquires vanadium project in Nevada

SMM, 22 Jan: a small Canadian-based American lithium miner has agreed to buy 100 per cent of Alaska's Nevada mining company (Alaska Nevada Mining) 's 100 per cent stake in the extinct Ridge (Extinction Ridge) Vanadium Project in Nevada, USA. In order to expand the business into the key battery metal field.

"although we have not yet decided what role the asset will play in our long-term asset strategy, its location, acquisition costs and surface exploration results," Mike Kobler, the company's chief executive, said in a statement. Seize a decisive project opportunity for us. "

Vanadium, named after the Norwegian god of beauty, vanadium, was separated in metal form in the second half of the 19th century.

But its performance, especially its ability to strengthen steel, was quickly recognized. Henry Ford's T-shaped car uses the metal in its steel alloy chassis.

Now this metal is increasingly used in clean energy solutions. Vanadium redox flow battery (VRFB) is a breakthrough technology in the field of energy storage and a rapidly growing part of the infrastructure needed to adapt to the global shift to renewable energy.

Vanadium is also an important mineral on the national security list of the United States and is critical to the economic and national security of the United States and Europe.