Queensland invests A$5M in Velox Energy Materials' North Queensland Vanadium Project for job creation and global critical mineral supply chains.

Queensland's Critical Minerals and Battery Technology Fund invests up to A$5M in Velox Energy Materials for the North Queensland Vanadium Project. The investment will aid in job creation (50+ early jobs, 150 during 30-year mine life) and supports global critical mineral supply chains, especially for vanadium redox flow batteries. The project is located between Mt Isa and Port of Townsville, with access to rail, road, power, and a skilled workforce.

August 10, 2024
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