Vanadium was a hot commodity a couple of years ago as prices rose and the energy storage narrative took off, but since then sentiment surrounding the metal has largely cooled.
Italian power consumption has recovered slightly better than expected in the second half of this year, but the recent rise in Covid-19 cases could put an end to this trend.
The company plans to expand on four previously tested prospects and has also started testing six other prospects with the intention of defining a mineral resource estimate in the near term.