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

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Market: ASX
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