Australian Vanadium hits over a month high on government grant for WA project

Alpha HPA

16/03/2022 01:02

** Vanadium explorer  AVL.AX  jumps as much as 22.9% to
A$0.043, their highest since Feb. 2
    ** Says https://www.asx.com.au/asxpdf/20220316/pdf/45724467hwnhlf.pdf
 it has been awarded a A$49 mln ($35.25 mln) grant under the
Australian government's Modern Manufacturing Initiative
Collaboration Stream (MMI-C)
    ** The grant will be used to support the development of the
Australian Vanadium project in Western Australia
    ** Rare-earths minerals miner Arafura Resources  ARU.AX  
and alumina supplier Alpha HPA  A4N.AX  were also awarded
government grants under MMI-C  urn:newsml:reuters.com:*:nL3N2VI4X0  urn:newsml:reuters.com:*:nL3N2VJ01Q
    ** Volumes are about 5.5 times the 30-day avg of ~15 mln
shares
    ** Stock up about 20.7% YTD, as of last close 
    



($1 = 1.3900 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))