News release from TNG

"But we are very confident that over the next 12 months there are going to be some significant milestones passed. I would hope that we could get to financial close in 2019, which would pave the way for us to go into construction."
"The first is the forecast growth in vanadium’s current main use as an additive in high-strength steels, with China dictating that its construction industry uses more highstrength steel to protect against earthquakes. The second is the surge in demand forecast to come from vanadium’s use in lithium-ion batteries, and the much bigger demand expected for vanadium redox batteries (VRBs), which have grid-scale applications in the storage and dispatch of renewable energy sources."
"The recent external recognition of the value-add to be had from TNG’s proprietary TIVAN processing technology came from BBI Group, an offshoot of New Zealand heavyweight Todd Corporation, and owner of the Balla Balla vanadium and titanium project in the Pilbara region of Western Australia. BBI sought out TNG to secure a strategic cooperation pact, which will give BBI access to TIVAN for potential use at Balla Balla, as well as investigate commercial operation and synergies in the possible development of Balla Balla and Mount Peake"
"It gives us exactly the recognition we want for TIVAN, because we believe it is a process that will be used on all of these deposits in the future, because it delivers greater value. ‘And we’ve got a $853-million project in Mount Peake to finance. If they want to come in and be part of the project, great.’ "‘It gives us exactly the recognition we want for TIVAN, because we believe it is a process that will be used on all of these deposits in the future, because it delivers greater value. ‘And we’ve got a $853-million project in Mount Peake to finance. If they want to come in and be part of the project, great."