viewAustralian Vanadium Ltd

Australian Vanadium signs letter of intent to evaluate potential sales and services agreement

The letter of intent is with a subsidiary of the world’s third largest vanadium producer, HBIS Group Chengsteel.

Australian Vanadium Ltd - Australian Vanadium signs letter of intent to evaluate potential sales and services agreement
The LOI confirms interest from both parties to discuss a binding purchase and sale agreement

Australian Vanadium Ltd (ASX:AVL) has signed a letter of intent (LOI) to negotiate and sign a binding technical services and purchase agreement for AVL’s vanadium products.

The LOI is with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co Ltd, a subsidiary of the world’s third-largest vanadium producer.

The subsidiary was set up to co-ordinate and commercialise research and development innovation in the steel industry.

As per the LOI, AVL will provide a product sample to Yanshan Vanadium Titanium for testing.

AVL MD to visit HBIS Chengsteel this month

AVL’s managing director Vincent Algar said: “We were invited by Yanshan Vanadium Titanium to attend a conference in Hebei last year and to meet with the company.

“Discussions were productive and highlighted a desire by Yanshan Vanadium Titanium to become more involved in AVL’s Project.

“We are now visiting Chengde this month to further these discussions and move towards a formal agreement.”

AVL continues to advance the development of its world-class Australian Vanadium Project in Western Australia.

Quick facts: Australian Vanadium Ltd

Price: 0.023 AUD

Market: ASX
Market Cap: $67.39 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 Australian Vanadium Ltd named herein, including the promotion by the Company of Australian Vanadium Ltd in any Content on the Site, the Company...


Australian Vanadium pushing hard to complete BFS for flagship project at...

Australian Vanadium Ltd's (ASX:AVL) (OTCMKTS:ATVVF) (FRA:JT71) Vincent Algar recaps on its recently completed updated pre-feasibility study for the Australian Vanadium Project at Gabanintha, near Meekatharra in Western Australia. He says it reflects robust economics, an extended ore reserve and...

on 11/1/21

2 min read