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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.

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ASX:TMT
Market: ASX
Market Cap: $13.13 m
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Full interview: Technology Metals Australia's DFS reveals high-value,...

Technology Metals Australia Ltd (ASX:TMT) executive director Ian Prentice updates Proactive Investors on the DFS results from its Gabanintha Vanadium Project in WA, which has ascribed the project a valuation pre-tax of A$1.32 billion.    Prentice said the study results...

on 22/8/19

2 min read