Fellow Tounge N Groovers ........more on the TNG FeV potential ...... Below is an excerpt from the ASX ann. of the MOU with WOOJIN..... This isn't new ....... us holders know all about this ... but it is a powerful passage that highlights the enormity of what could be going on behind the scenes ..... the delay in news flow IMO is due to the complexity of dealing with so many of these large international players all at once ....... with Hyundai and POSCO as customers of WOOJIN for FeV ...... perhaps the ability to obtain a reliable long term supply of FeV is what they are all haggling over ..... the battery supply aspect though significant ..... not the main issue ...... interesting and exciting times ahead
Based in Seoul, Korea, WOOJIN was established in 1990 and was the first company in Korea to develop Ferro-vanadium (FeV) technology to produce high purity FeV and supply major domestic steel mills. Since then it has grown significantly and now has exclusive contracts with major integrated manufacturers such as Hyundai, POSCO, SeAh, DongKook, Hitachi, Sanyo and a variety of South Asian and European steel mills, as well as agreements with Glencore and Evraz. It has four operating plants in Korea and two in China. The agreement with WOOJIN enables TNG to provide samples of its vanadium pentoxide (V205) for potential future off-take arrangements, with the added potential for technology exchange for TNG to add a WOOJIN FeV plant to its TIVANR operation, which may potentially be located in Malaysia . A TIVAN plant AND an FeV plant ...... bring it on!
TNG Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
