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Technology Metals Australia secures MoU for vanadium offtake with China-based metal manufacturer

Technology Metals Australia Ltd (ASX:TMT) managing director Ian Prentice updates Proactive Investors on the memorandum of understanding secured with China Nonferrous Metal Mining Group subsidiary CNMC Ningxia Orient Group Company Ltd.
 
The non-binding MoU paves the way for the establishment of a vanadium offtake agreement for vanadium ore mined at TMT’s flagship Gabanintha project in WA
 
Under the agreement, CNMNC will purchase 2,000 tonnes a year of vanadium pentoxide over an initial three-year period.
 
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