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American Vanadium to buy vanadium-flow battery business from German developer

TSX-V-listed American Vanadium has entered into a letter of intent (LOI) with German firm DMG MORI to acquire its owned subsidiary Gildemeister Energy Storage (GES), manufacturer of the CellCube vanadium-flow energy storage system.
The LOI provided American Vanadium with the exclusive right to enter into a share purchase agreement by February 29.