I just stumbled across this and searched HC but couldnt find any...

I just stumbled across this and searched HC but couldnt find any mention of it? Does anyone know about tech and how much of a threat it is in reality? I dont quite know what to make of it, has me a bit worried to be honest..

ULTRA GOES WITH VEPT FOR VANADIUM PROCESSING FACILITY
Privately held Australian group Ultra Power Systems has selected the processing technology of VanadiumCorp and Electrochem Technologies and Materials for its project to build Australia’s first-ever vanadium processing facility.
https://www.miningmagazine.com/chemicals-reagents/news/1353058/ultra-goes-with-vept-for-vanadium-processing-facility

Ultra apparently has 6mths (article is from Dec 2018) to decide whether to go into agreement with Vanadiumcorp and pay them licencing fees/royalties for the use of the tech to build a facility.

The VEPT process seems to be in competition to TIVAN processing the same source materials, and they even take a shot at TIVAN in the patent saying the VEPT is more efficient, safe and environmentally friendly, ive copied the sections below.. I suspect some BS in the patent as TNG/SMS seem to have done extensive testing on TIVAN to prove its economics etc..

Here is Vanadiumcorps patent announcement from Feb 2019: https://www.vanadiumcorp.com/releases/national-entry-phases-filed-in-australia-and-canada-for-vanadiumcorp-electrochem-processing-technology-vept/

Here is the VEPT patent: http://electrochem-technologies.com/PDFs/Patent_WO_2018_152628_A1.pdf

Here are the bits that mention TIVAN: