TNG Ltd. has successfully produced, for the first time, high-purity vanadium electrolyte using vanadium pentoxide from its flagship Mount Peake vanadium-titanium-iron project in Australia's Northern Territory.
The high-purity vanadium electrolyte, produced by the company as a new product to maximize value from Mount Peake, is required by vanadium redox batteries.
TNG noted that it will be able to produce vanadium pentoxide at minimum 99.5% purity, "which is currently among the highest globally."
The company added that it is in discussions with a number of potential vanadium redox battery producers and may even develop a vanadium electrolyte in the future.
"This is a strategically important development which will allow us to potentially become a direct supplier into the emerging vanadium redox battery market globally," TNG Managing Director Paul Burton said in the statement.