AVL funded for DFS completion

AUSTRALIAN Vanadium has successfully raised A$6.6 million to advance its namesake Australian Vanadium project at Gabanintha in Western Australia, with the cash to support finalisation of its definitive feasibility study and take the project to a final investment decision.

AVL funded for DFS completion AVL funded for DFS completion AVL funded for DFS completion AVL funded for DFS completion AVL funded for DFS completion

AVL is now fully funded.

August's share purchase plan, underwritten by Patersons Securities to the tune of $3.5 million, was issued at a 19% discount to the volume-weighted average share price, at 1.15c.