Pursuit has announced its plans to explore for vanadium – a highly sought-after battery metal – in Sweden and Finland.
With the world moving to renewable energy and several European countries looking to phase out internal combustion engine vehicles by 2040, vanadium-based batteries are set to have an increasingly important role to play in energy storage in the near future.
Pursuit Minerals Managing Director Jeremy Read said the company couldn’t miss an opportunity to explore for a promising metal in a world-class minerals region.
“With the localisation of the energy grid, due to increasing renewable energy production, and global transport fleets moving to electric vehicles, the world is requiring more vanadium due to its use in vanadium redox batteries,” Mr Read said.
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