Vanadium outlook positive
Date: Jan 9, 2019
Pursuit Minerals (ASX: PUR) remains bullish on the commercial potential for Koitelainen Vosa, given the prospect is in proximity to infrastructure with a railway line running south to a proposed vanadium smelter.
It is also confident in the market fundamentals for vanadium, with Pursuit Minerals noting that Finland has produced up to 10% of the world’s vanadium in the past.
Vanadium is predominantly used as a strengthening additive in steel and some forms of iron. The use of vanadium in vanadium flow batteries has really caught the attention of investors, with both vanadium equities and the metal enjoying price rallies.
And with Europe rapidly transforming its energy grid to renewable energy, which will require large increases in battery storage, Pursuit Minerals believes its projects are well placed to participate in the energy changes underway in the region.
Directors personally endorse Pursuit
Earlier this week, all four company directors made a financial investment in the company.
