Australian Vanadium (AVL) has signed a non-binding memorandum of understanding to cooperate with US-based advanced battery tech firm Tyfast Energy on vanadium oxide products.

The MOU, announced on October 8, establishes a framework for technical qualification and evaluation of future demonstration and commercial opportunities using AVL’s planned vanadium oxide products in Tyfast’s proprietary lithium vanadium oxide (LVO) anode technology.

Tyfast is developing its technology for applications where charging speed, durability and performance in extreme conditions are critical, including mining, trucking, construction and defence.

AVL chief executive officer Graham Arvidson said: “This collaboration could enable Australian vanadium to be used in advanced batteries serving mining and other heavy-duty markets, while also positioning AVL for potential defence-related applications and government funding opportunities.

“For AVL, the opportunity is broader than a potential new source of vanadium demand. We see strategic alignment between Australian critical minerals, Tyfast’s US-developed battery technology and the increasing focus on secure and resilient supply chains across Australia, the US and other markets seeking supply chain diversification.”

Batteries International reported in 2025 that AVL’s plans for a mining and processing project in Western Australia had taken a major step forward after securing key environmental approval.