TVN 1.82% 5.6¢ tivan limited

15th of October 2020Life-of-mine Offtake and Marketing Agreement...

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    15th of October 2020

    Life-of-mine Offtake and Marketing Agreement (“Agreement”) signed with major global commodity trader
    Gunvor (Singapore) (“Gunvor”) for 40% of the proposed vanadium pentoxide production from TNG’s 100%-
    owned Mount Peake Project (“Project”) in the Northern Territory.
    • The Agreement with Gunvor complements the existing offtake agreement in place with Korea’s WOOJIN for
    60% of the proposed vanadium pentoxide production from Mount Peake.
    • Under the Agreement, Gunvor will purchase vanadium pentoxide FOB for marketing and distribution on a
    global basis.
    • TNG now has completed binding life-of-mine offtake agreements for all three of its high-value, high-purity
    products proposed to be produced at Mount Peake - vanadium pentoxide, titanium pigment and iron oxide.

    All systems go..... except there isn't a launching pad.frown.png
 
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