News: NMT Neometals Ltd Says Signs High-Grade Vanadium Recycling Agreement, page-3

AND here is a precis:
NEOMETALS SIGNS HIGH-GRADE VANADIUM RECYCLING AGREEMENT
HIGHLIGHTS
• Collaboration Agreement signed with Critical Metals to jointly evaluate the production of high-purity vanadium
products by recycling of high-grade vanadium-bearing steel by-productin Sweden and Finland
• Critical Metals has executed a 10-year slag supply agreement with Scandinavian steel producer SSAB to access at least 2 million tonnes of existing stores and future slag generated from three operating steel mills
• Slag purchase price is linked to prevailing vanadium prices and vanadium content referenced to a benchmark grade of 2.2% V (3.9% V2O5)
• Processing at-surface slag removes the traditional risks and costs of mining and beneficiation
• Successful evaluation will lead to a 50:50 incorporated joint venture between Neometals and Critical Metals to process and recover high-purity vanadium products suitable for aerospace alloys and energy storage applications.

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