Vanadium/Uranium and Wave Power/VRFB's
Mktcap-$9m
SP-$0.031
CASH-$2m
Protean Energy has a low market cap in the Vanadium sector and seems ripe for a breakout.
**March 2017 this (POW acquired 50% stake in South Korean VRFB company)- -Protean acquired 50% stake in a Vanadium Redox Flow Battery Energy Storage System (VRFB-ESS) company KORID Energy Ltd on 3 March 2017
-Subsidiary of KORID inc (Protean’s JV partner in Korea)
-KORID Energy rebranded PROKOR which will manufacture a range of V-KOR battery units
**Then this (POW 50% stake in a Vanadium project in Korea, to supply their battery company)-
POW is developing the multi‐mineral Daejon Project through its 50% holding in Stonehenge Korea Limited (SHK). SHK owns 100% of the rights to three projects in South Korea — the flagship Daejon Project, plus the Gwesan Project and the Miwon Project.
Through this holding, POW also owns a part share of battery factory in South Korea that could see it have an end-to-end production to processing pathway.