Safe Green Energy:
VRB have a number of pluses, such as strongly demonstrated fundamentals, great room for technological improvements, a long cycle life of 25 years, nonflammable and non-explosive electrolyte, no decay in capacity over time, no memory effect and no self discharge.
Demand for vanadium has always existed — the industrial metal has been a critical element in enhancing the strength of steel as an alloy. In recent years, with vanadium being used in the energy sector, the price has begun an upward ascent.
Just a few short years ago, the price of vanadium sat at roughly US$3 per pound; today the price has climbed by US$23 up to US$26.90. Since the end of August, the price of vanadium has climbed by almost US$7 and it continues to trend higher.
Ann: Drilling Completed at Challa North, page-44
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