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.
TNG Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
