Another Australian vanadium junior in the news today …
It’s about a non-binding MOU for offtake:
“..Australia’s Vanadium Resources said on Thursday it entered into a memorandum of understanding with China’s Panjin Hexiang New Materials Technology to supply 4,000 tons per annum for vanadium pentoxide for an initial five-year term.
The deal represents a supply of about 37% of Vanadium Resources’ planned annual flake production capacity from the first phase of its Steelpoortdrift and Tweefontein operations in South Africa…”
…. “The non-binding agreement, which includes an option to extend for another five years, provides a framework for further negotiations on price, product quality and other offtake parameters, the company said…”https://www.mining.com/web/vanadium...-deal-with-chinese-vanadium-nitride-producer/
Vanadium news, page-6397
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