logo-loader
viewTechnology Metals Australia Ltd

Technology Metals Australia secures MoU for vanadium offtake with China-based metal manufacturer

Technology Metals Australia Ltd (ASX:TMT) managing director Ian Prentice updates Proactive Investors on the memorandum of understanding secured with China Nonferrous Metal Mining Group subsidiary CNMC Ningxia Orient Group Company Ltd.
 
The non-binding MoU paves the way for the establishment of a vanadium offtake agreement for vanadium ore mined at TMT’s flagship Gabanintha project in WA
 
Under the agreement, CNMNC will purchase 2,000 tonnes a year of vanadium pentoxide over an initial three-year period.

Quick facts: Technology Metals Australia Ltd

Price: 0.069 AUD

ASX:TMT
Market: ASX
Market Cap: $7.38 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Technology Metals Australia Ltd named herein, including the promotion by the Company of Technology Metals Australia Ltd in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Technology Metals discusses plans for 2020 and beyond

Technology Metals Ltd (ASX:TMT) executive director Ian Prentice speaks to Proactive about its plans for 2020 and beyond. The company’s Gabanintha Vanadium Project has recently been selected for Lead Agency support by the WA State Government, marking an important milestone for the project’s...

on 25/2/20

2 min read