AUSTRALIAN VANADIUM AND TECHNOLOGY METALSAUSTRALIA AGREE A$217 MILLION MERGER
Combination is a logical consolidation of adjoining projects across one orebody, creating a leadingAustralian vanadium developer focused exclusively on Western Australia. HIGHLIGHTS• Australian Vanadium Limited (ASX:AVL) (AVL) and Technology Metals Australia Limited(ASX:TMT) (TMT) have agreed to merge via a proposed Scheme of Arrangement (Scheme), underwhich AVL will acquire 100% of the TMT Shares on issue.
• The consolidation of two adjoining projects across one orebody provides a unique opportunity torealise operational and corporate synergies by creating a single integrated project. Thecombined group will become the leading Australian vanadium developer with a world-class assetof scale, located in a Tier-1 mining jurisdiction.
Just to clarify
AVL Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
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