Sternship is pleased to have acted for Australian Vanadium Limited (ASX: AVL) on securing a US$10m loan facility with major shareholder RCF.

The Loan Facility provides prudent medium-term funding and forms an interim step within AVL’s broader capital strategy, while the Company advances its vertically integrated plans to become a globally competitive supplier of battery-grade vanadium products and energy storage solutions.

Importantly, the funding will also support AVL’s preparations for the Western Australian Government’s anticipated Expression of Interest for a 500MWh Vanadium Battery Energy Storage System in Kalgoorlie, expected in the second half of 2025.

Sternship Advisers is pleased to have acted as Financial Adviser to AVL.