TIVAN vs VEPT, page-4

It sounds like the same thing. And for a long time that was the danger that had to happen at the speed that TNG had displayed.
If one may believe the following wording:

Vanadium, Iron and Titanium produced sustainably with VEPTVanadium Electrochem Process Technology "VEPT" recovers over 95% of all three metals from titanomagnetite. an average of 1% metal recovered by current primary vanadium producers. VanadiumCorp and Electrochem plan to make vanadium as net zero cost byproduct at 30 tonnes per feedstock batch nameplate capacity in 2018.
via: https: //www.vanadiumcorp.com/process/maximum-metal-recovery/

then we definitely have an opponent. It has to be said that VanadiumCorp is in a phase where patents are being applied for in individual countries. TNG already has it in its pocket.Nevertheless, I feel this popping up at the moment not so great. That could take TNG out of the sails and take the argument of uniqueness.We will see.