viewTechnology Metals Australia Ltd

Technology Metals executes MoU for potential offtake with Chinese vanadium alloy producer

Technology Metals Australia Ltd (ASX:TMT) managing director Ian Prentice updates Proactive on the execution of a Memorandum of Understanding (MoU) for a potential offtake with leading Chinese vanadium nitrogen alloy producer, Shaanxi Fengyuan Vanadium Technology Development Co Ltd.

The MoU establishes the framework for a binding agreement covering 3,000 tonnes per annum on a take-or-pay basis of TMT's proposed average annual production of 12,800 tonnes from the Gabanintha Vanadium Project in WA’s Mid-West. 

The parties aim to finalise the agreement in the coming months.  

Technology Metals now has around 40% of its proposed average annual production covered under offtake MoUs.

Quick facts: Technology Metals Australia Ltd

Price: 0.065 AUD

Market: ASX
Market Cap: $6.95 m

Add related topics to MyProactive

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


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...



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