Critical Minerals Group (CMG) has made significant strides in its Vanadium battery energy storage and mining projects, securing a $2 million capital raise and progressing key feasibility studies.
- Teaming Agreement signed with Accenture for Vanadium flow battery project feasibility
- Development Approval granted for 1 million litre per annum Vanadium electrolyte facility
- Pre-Feasibility Study for Lindfield Vanadium mine on track for March 2026 completion
- Engagement with multiple governments for funding and joint ventures
- Quarterly cash balance stands at $1.72 million with 1.6 quarters of funding available
Downstream – Building Australia’s Vanadium Battery Future
Critical Minerals Group (ASX – CMG) continues to push forward its vision of an integrated Vanadium battery supply chain, with a recent Teaming Agreement signed with global consultancy Accenture. This collaboration aims to assess the feasibility of a pipeline of Vanadium flow battery (VFB) projects across Australia, supporting the development of long-duration energy storage solutions critical to the renewable energy transition.
CMG’s engagement with the South Australian Firm Energy Reliability Mechanism (SA FERM) tender process has helped define technical and commercial parameters for grid-connected VFB battery energy storage systems. The company is also targeting projects like the Kalgoorlie Vanadium Flow Battery, announced by the Western Australian government, highlighting its strategic focus on utility-scale and commercial-industrial sectors.
Midstream – Scaling Up Vanadium Electrolyte Production
On the manufacturing front, CMG secured Development Approval for a 1 million litre per annum Vanadium electrolyte (VE) production facility in Logan, Queensland. The company is actively exploring options to expand this facility’s capacity, which would significantly reduce production costs and improve financial returns. This VE plant is being aligned with the output of the Lindfield mine, ensuring a seamless supply chain from raw material to battery component.
Demonstration production and qualification of Vanadium electrolyte are underway in partnership with Queensland University of Technology, positioning CMG to pre-qualify its product with existing VFB suppliers.
Upstream – Advancing the Lindfield Vanadium Mine
CMG’s flagship Lindfield Project in North-West Queensland is progressing steadily towards a Pre-Feasibility Study (PFS) expected by March 2026. Extensive metallurgical test work is focused on optimising processing methods to reduce reagent consumption and enhance water recycling, reflecting a strong commitment to environmental stewardship.
The company has also completed an independent power study recommending a hybrid renewable energy system supported by Vanadium flow batteries and backup diesel generators, balancing cost efficiency with renewable penetration. Water availability risks have been mitigated through access to the Great Artesian Basin and nearby surface water harvesting.
Corporate and Financial Position
Financially, CMG successfully raised $2 million in a placement during November 2025, bolstering its cash reserves to $1.72 million at quarter-end. The company reported exploration expenditure of approximately $272,000 and corporate costs of $775,000 for the quarter. With an estimated 1.6 quarters of funding available, CMG remains focused on advancing its development objectives while exploring further funding opportunities.
Engagement with multiple governments, including the UK, US, Oman, South Australia, and New South Wales, signals CMG’s intent to secure joint ventures and funding to support its long-duration energy storage ambitions.
Looking Ahead
In the coming quarter, CMG plans to complete the Lindfield PFS, continue metallurgical testing, and advance environmental impact studies in preparation for formal approvals. The company’s integrated approach, from mine to battery electrolyte to energy storage solutions, positions it well to capitalise on growing demand for critical minerals and renewable energy infrastructure.
Bottom Line?
CMG’s integrated Vanadium strategy is gaining momentum, but upcoming feasibility results and funding will be key to sustaining its growth trajectory.
Questions in the middle?
- Will CMG secure additional funding to extend its cash runway beyond 1.6 quarters?
- How will the partnership with Accenture accelerate commercial deployment of Vanadium flow batteries?
- What impact will government policies and funding have on CMG’s project timelines and scale?