Protean's shareholding in Korean Vanadium JV partner increases in value

By Megan Graham. Published at Apr 30, 2018, in Small Caps

The value of Protean Energy Limited's (ASX:POW) shareholding in DST Company Limited (KOSDAQ:033430) — its Joint Venture partner in Korea has risen when DST was reinstated on Korea's stock exchange.

The companies jointly operate Stonehenge Korea Ltd which holds 100% of the rights to the Daejon Vanadium Project in South Korea.

POW currently holds ~$3.1 million in cash in addition to its A$2.4 million shareholding in DST, placing it in a solid financial position to advance the Daejon Vanadium Project alongside its V-KOR vanadium battery technology.

Additionally, POW and DST control 50% of KORID Energy Limited which in turns holds 100% of the current certification, 15 patents, all IP and rights to the VKOR vanadium redox flow battery technology.

More about V-KOR vanadium battery technology

The V-KOR technology is a proprietary ‘Vanadium Redox Flow Battery Energy Storage System (VRFB-ESS)’, developed to meet rapidly growing demand for more efficient energy storage solutions. The V-KOR System is a rechargeable flow battery with the ability to store high levels of energy for long periods and with a greater life expectancy than existing lithium-ion battery solutions.

It is a commercial-ready solution, which is built-to-order for commercial, industrial and grid-scale applications, and has been designed by the JV to be fully scalable — offering solutions from 2kW to 20MW and larger to suit a customer’s specific requirements. A trial of the V-KOR battery underway in WA is currently in installation stage.

A week ago, POW announced that a 3D geological modelling program at the Daejon vanadium deposit in Korea was due to be completed within days, paving the way for an interim Mineral Resource in the second quarter of 2018.

It should be noted that POW is an early stage play and anything can happen, so seek professional financial advice if considering this stock for your portfolio.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.




S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!