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.
GLAH... Mal
NMT Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
