Disruptive Technology for Energy Storage to Steel Production
The progress of global deployment and commercialization
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Board of Directors, Advisory Board & Technical Team
Green process technologies to unlock critical metal supply
Strategic Partners and Memberships
Current Mandates and Pending Developments
Code of Business Conduct and Ethics
Presentations about Vanadium, Redox Battery Flow and more
by Jonathan Barrett
Korea-based Hyundai Steel has entered into a non-binding memorandum of understanding for an offtake agreement and investment in resources hopeful, TNG .
Details of the MoU, which concerns TNG’s proposed Mount Peake vanadium-titanium-iron project located in the Northern Territory, north-east of Alice Springs, are expected to be released to the Australian Securities Exchange on Monday morning.
TNG is in a trading halt pending the release of the details. Its share price has increased six-fold in the past 12 months, to last trade at 28¢ on Thursday, when trading was suspended.
The size of Hyundai Steel’s potential investment hasn’t been quantified. The MoU is being advertised as a means to help TNG secure funding to construct the Mount Peake vanadium project. Vanadium is an additive mostly used to improve steel. Hyundai Steel is a large steel making company headquartered in Seoul and is part of the Hyundai-Kia Automotive Group.
TNG has recently entered into a MoU with South Korean company Woojin and a subsidiary of South Korean steel giant POSCO, covering aspects of project development and financing.
Resources research house Breakaway Research recently noted: “in the shorter term the POSCO E&C MoU covers potential funding and completion of the definitive feasibility study, a critical near-term step in advancing Mount Peake. One key now will be to progress these non-binding MoUs into binding agreements, which will add significant impetus to Mount Peake.”
Enter your email address below to start receiving VanadiumCorp and related Industry news directly.
We're here to answer your questions. Contact us by phone or email.
© 2019 VanadiumCorp Resource Inc., all rights reserved • Site Map • By Line49 Web Design, Vancouver BC