The company’s request for the halt was granted by the ASX and it will remain in place until the start of normal trading on Monday, April 27, 2020, or when the announcement is released to the market.
Securities last traded at 8.1 cents and since March 18 TMT has traded in the range of 5.9 cents to 9 cents.
Assessed as Lead Agency Project
Earlier this year the company’s high-grade, low-cost, large-scale, long-life Gabanintha Vanadium Project in WA’s Mid-West was assessed as a Lead Agency Project.
This assessment by the WA Department of Mines, Industry Regulation and Safety’s Lead Agency Framework is in line with the WA Government’s support for critical minerals projects as part of its 'Future Battery Industry Strategy'.
The GVP is expected to generate significant economic and social benefits for the Mid-West region, the state of WA and the nation over a long period of time.
This assessment means that a principal policy officer will be assigned to assist the company with key approvals advice as well as in the coordination of project approvals across government going forward.
Lead Agency Project recognition is an important milestone for TMT as it will assist in maintaining momentum for the progression of project approvals.