Vanadium Pice $37/lb?, page-15

Following this 10MW 40MWh project, Hubei Province has planned a larger 100MW 500MWh energy storage project, to fulfill a key initiative under China’s 2017 energy storage policy to deploy multiple 100 MW-scale vanadium flow batteries. This large project will be the cornerstone of a new smart-energy grid in Hubei, serving as a critical peak power plant to deliver energy reliability and reduce emissions.

For those interested, Sparton Resources (TSX:SRI with mc 11m CAD) owns ~16% of VRB Energy (private company owned by Friedland's HPX which is installing these batteries… translating valuation of SRI's interest into VRB Energy mc ~70m). Could be worth many multiples more in few years. VRB Energy is also involved in some vanadium projects to secure their supply. Wouldn't be surprised if some of the funding for TMT would come from this way. They need V to go forward, but under current prices.. I hope it will stabilize soon.

My take why TMT/AVL do not react to the V price whatsoever is that juniors are totally out of favour in current market. Except PCY only V producers receive some love. Hopefully, money will come back to this sector. There is not much money left here, it is gone already.. just wondering if the situation can get much worse, all gains are short-lived across the board. I would like to see transfer of money from overbought tech into oversold junior miners! 

GLTAH