AVL Appoints Global Financial Adviser

September 16, 2021

ASX announcement

Structured finance specialist HCF International appointed, in partnership with Grant Thornton Australia, to secure funding to support the development of the Australian Vanadium Project

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce that it has appointed London based HCF International Advisers Limited (“HCF”), in partnership with Grant Thornton Australia, to assist with evaluating and arranging the debt financing to support the construction of the Australian Vanadium Project.

Managing Director, Vincent Algar comments,

“The HCF team in London, working in partnership with the team at Grant Thornton in Sydney, will provide AVL with a level of experience and relationships in this key area of project finance that can see the Company through to full funding, construction and production. Validation by external experts is the key to success in funding for large-scale, long-life projects such as the Australian Vanadium Project at Gabanintha, strengthening our goal of becoming the next global primary producer of vanadium products for the customary steel and rapidly-growing battery markets”

HCF Managing Director, Sean Gorman comments,

“We are very excited to be appointed alongside our partners at Grant Thornton to work on what we consider to be an important project in the Australian critical minerals space. The work that the AVL team has completed demonstrates the technical and financial viability of the project and we very much look forward to working with the AVL team in securing the full funding to bring the Australian Vanadium Project into operation.”

For full ASX announcement text – please download the PDF below.