Multicom evolved from the discovery of a large scale one billion barrel oil shale resource across the three exploration permits now known as the Yappar Project. Analysis of the mineral content of the oil shale revealed significant amounts of vanadium, molybdenum and alumina.
With global interest in vanadium increasing, Multicom Resources has been able to establish strategic partnerships with international institutions and technology specialists looking to exploit vanadium’s unique properties, high demand and short supply. Multicom Resources made a corporate decision to re-focus in the short to medium term on a pure-play vanadium project. As a result the Saint Elmo project was secured and is currently being rapidly developed.
In addition to our mining project, Multicom Resources has entered into a ground breaking binding agreement with New York based StorEn Technologies. This agreement involving Multicom Resource’s wholly owned subsidiary, Freedom Energy Pty Ltd, will form a global platform to establish a vertically integrated supply chain model for the low cost manufacturing, sale and distribution of StorEn proprietary Vanadium Flow Batteries (VFB’s). Target markets for the StorEn VFB’s are residential, telecommunications and industrial applications.
Commodity: Vanadium, Oil
Stage of Production: Exploration
Multicom Resources are exhibiting at this year’s Energy, Mines and Money. Click here to claim your complimentary investor pass.