Australian Vanadium Limited,which has a plant in Perth’s northern suburbs,wants to ride the next big energy storage wave after lithium.
The silvery-grey metal is the latest “pit to grid” sensation for electricity system operators,although most people have never heard of it.
Lead agency status means the company will have a single point of contact within the state government to provide help during approvals processes.
The open pit mine and processing plant is expected to cost $500 million and will create about 400 jobs during construction and 200 during operation.
WA's mid-west will become a vanadium hub if planned mines get off the ground.