Sizeable Richmond vanadium IPO on the horizon

ABOUT A$20-30 million is likely to be sought in the IPO featuring the Richmond vanadium project in Queensland majority owned by Richmond Vanadium Technology (75%) and ASX-listed Horizon Minerals (25%).

Sizeable Richmond vanadium IPO on the horizon Sizeable Richmond vanadium IPO on the horizon Sizeable Richmond vanadium IPO on the horizon Sizeable Richmond vanadium IPO on the horizon Sizeable Richmond vanadium IPO on the horizon

An updated pre-feasibility study estimated a capital cost of $242 million versus an NPV (at current prices) of $1 billion, IRR of 62% and payback of 1.9 years.