** Shares Of Australia's Vanadium Resources VR8.AX rise as much as 16.1% to A$0.036, their highest since September 8

** Vanadium producer says received interest from multiple credible third parties in China, Japan, and Europe for its planned ore supply, with offers at higher pricing than those discussed with existing offtake partner

** Co had signed a binding agreement with China Precious Asia (CPAL) to supply vanadium-rich magnetite ore in July, but the parties have not yet agreed on pricing

** Says compelled to explore competing proposals

** Around 2.6 mln shares change hands, 1.9x the 30-day avg trading volume

** YTD, stock up 16.1%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))