It's no longer a technological maybe. Vanadium is here, and the lithium sector should be concerned. Mentioned in today's commentary includes: Cameco Corporation, First Vanadium Corp, Teck Resources, Magna International, Pretium Resources.
The energy storage market is expected to reach $13-billion by 2025. And renewable energy, and the batteries behind the electric vehicle revolution are about to change forever.
Right now, the future is about vanadium. Its price has more than doubled in the past year and supply is getting tighter by the day. And one little-known explorer in Colorado has just unearthed a potential huge vanadium reserve.
United Battery Metals is potentially poised to be the only U.S. source of this most precious of rare earth metals.
Welcome to the Wray Mesa Project in Montrose County, Colorado, where UBMCF is sitting on a massive estimated reserve of 2.7 million pounds of vanadium (along with over 500,000 tons of uranium as a bonus).
That may mean an American source of the rare earth metal powering the "liquid electricity" breakthrough. It makes the electric vehicle push look like child's play. It doesn't get any more strategic than this.