Ann: Merger Presentation, page-36

https://thewest.com.au/business/min...-merge-as-part-of-217-million-deal-c-12006535

ASX-listed companies Australian Vanadium and Technology Metals Australia to merge as part of $217 million deal

Jordan MurrayThe West Australian
Mon, 25 September 2023 9:18AM



Vanadium from AVL's Australian Vanadium Project near Meekatharra. Australian Vanadium Limited. Credit: Australian Vanadium Limited

Consolidation is afoot in the vanadium sector with two major WA players agreeing to a $217 million merger.
Australian Vanadium and Technology Metals Australia on Monday agreed to a deal which will bring together the company’s adjoining flagship projects near Meekatharra in the State’s Mid West region.
The offer, which values Technology Metals’ shares at about 32.4¢ each, carries the recommendation of Technology Metals’ board with Resource Capital Fund — which owns an 18 per cent stake in the company — also in favour.

Australian Vanadium will also add Jo Gaines, who in addition to sitting on Technology Metals’ board is a non-executive director of Chalice Mining, to its board as part of the deal.

Ian Prentice, who has been Technology Metals’ managing director, will be retained as an executive with his role to focus on integration of the company’s projects.

Australian Vanadium boss Graham Arvidson described the deal as “transformational” for both companies.
“If successful, the transaction will create the leading ASX-listed vanadium developer and a world-class asset of scale located in a tier-one mining jurisdiction,” he said.

Shares in Australian Vanadium last traded for 2.7¢ each.

More to come.