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Neometals Secures €48.7M Grant to Power Europe’s First Carbon-Neutral Vanadium Plant

8:28am on Monday 17th of November, 2025 AEDT Mining
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Neometals Secures €48.7M Grant to Power Europe’s First Carbon-Neutral Vanadium Plant

8:28am on Monday 17th of November, 2025 AEDT
Key Points
  • €48.7 million conditional grant from Business Finland awarded
  • Vanadium Recovery Project valued at approximately €400 million
  • Project aims to produce 9,000 tonnes of vanadium annually, covering 60% of Europe’s demand
  • Environmental permits secured and binding offtake agreement with Glencore in place
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