Australian Vanadium Limited (ASX:AVL)

ALERT: Price-sensitive ASX Announcement for AVL

Current share price for AVL : $0.145 0.136 (1,511.11%)⁺

Announcement

$4.9 Million Received from Federal Grant

Release

8 Oct 2025 1:24PM

Price at Release

$0.009

Full Release

Summary

Australian Vanadium Limited (AVL) announced the receipt of a $4.9 million milestone payment from the Federal Government as part of a Commonwealth Grant Agreement under the Modern Manufacturing Initiative. This brings the total received to $29.4 million out of the $49 million grant aimed at supporting the Australian Vanadium Project. The funds are earmarked for the construction and commissioning of a vanadium processing facility, crucial for AVL's vanadium flow battery strategy. The remaining $19.6 million is expected to be disbursed over FY27 and FY28, contingent on meeting defined project milestones.

Key Points

Receipt of $4.9 million milestone payment from Federal Government.
Total of $29.4 million received under the Commonwealth Grant Agreement.
Grant supports Australian Vanadium Project with up to $49 million.
Funds will aid in constructing a vanadium processing facility.
The project is integral to AVL's vanadium flow battery strategy.
Remaining $19.6 million expected over FY27 and FY28.
Payments subject to project milestones and compliance.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.