Australian Vanadium (ASX:AVL) has signed a non-binding memorandum of understanding (MoU) with US battery technology company Tyfast Energy.
The parties intend to evaluate and qualify AVL’s planned Australian vanadium oxide products for use in Tyfast’s proprietary lithium vanadium oxide anode technology.
Tyfast is developing lithium vanadium oxide-based lithium-ion batteries that combine ultra-fast charging, long cycle life, and broad-temperature performance for mining, trucking, construction, and defence applications.
The collaboration provides AVL with an opportunity to participate in an emerging market for vanadium in heavy-duty lithium-ion batteries, complementary to its established focus on vanadium flow batteries.
CEO Graham Arvidson describes vanadium as “an exceptionally versatile critical mineral”.
“This collaboration with Tyfast provides an opportunity for AVL to evaluate participation in advanced battery technologies in addition to our established vanadium flow battery market,” Arvidson says.
Tyfast reports its lithium vanadium oxide technology is being developed across a range of US defence applications, including Army ground vehicles, aviation battery applications, Air Force directed-energy systems, and Navy expeditionary energy programs.
Under the 18-month MoU, AVL and Tyfast intend to undertake technical and commercial evaluation of Australian vanadium oxide for battery-material requirements. The work program includes exchange of technical information, supply and evaluation of sample lots, and bench-scale and pilot-scale qualification testing.
The parties will also evaluate potential Australian, US, and allied government funding opportunities supporting critical minerals, battery manufacturing, defence technologies, and heavy-duty electrification.
Australian Vanadium is a resource company advancing its namesake project at Gabanintha, WA.
Write to Paula Fabe at Mining.com.au
Main image: Australian Vanadium
