Australia's QEM rises on vanadium pentoxide purity study results

QEM

04/04/2024 04:16

** Shares of QEM  QEM.AX  rise as much as 3.2% to A$0.160;
log biggest intraday pct gain since March 27 
    ** Mineral explorer announces successful extraction of high
purity vanadium pentoxide (V2O5) from Queensland industrial
waste
    ** Adds the University of Queensland conducted the study and
confirmed technically viable method of recycling spent catalyst
to produce high-purity V2O5, the essential component of the
electrolyte used in vanadium flow batteries
    ** Stock down ~14% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))