Richmond Vanadium Technology, which is 25 per cent owned by Perth-based Horizon Minerals, has struck an off-take agreement with emerging manufacturer Ultra Power Systems to supply vanadium for its patented energy storage modules. Under the agreement, Richmond will invest up to $5 million to shift Ultra into production of its battery technology and in turn secure a guaranteed buyer of vanadium pentoxide from its Queensland project.
09/08/2022 - 20:37
Horizon, Richmond ink vanadium deal with battery maker
By Matt Birney
09/08/2022 - 20:37
Related Data & Insights
-
-
Rank Company Revenue 81st Horizon Minerals $9.4m 103rd Legacy Iron Ore $3.5m 104th Jupiter Mines $3.5m 106th Medallion Metals $3.1m 107th Bulletin Resources $3.1m 605 listed resources wa companies ranked by revenue.
Powered by Morningstar ®
Data & Insights
Mentioned Organisations
Related Articles
13 May 2024
Horizon locks in new WA gold toll milling deal
13 May 2024
Horizon signs agreement with FMR
06 May 2024
Horizon signs offtake agreement
08 Mar 2024
Horizon profit down 19.4pc
Subscribe today for award-winning, unbiased and trusted journalism
Subscription OptionsX