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Disruptive Technology for Energy Storage to Steel Production
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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
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Mar 11, 2015
TNG Limited announced that it has signed a Binding Term Sheet with WOOJIN IND., CO., LTD., for the sale of up to 60% of the vanadium production from its Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. This development follows the execution of a Letter of Intent (LOI) between WJN and TNG in June 2014. Since then, the two companies have been working in close collaboration to pursue binding agreements and establish a basis for long-term understanding and cooperation. The Binding Term Sheet further cements the relationship between TNG and WOOJIN and marks a significant step towards the finalisation of a binding long-term off-take agreement for the companies forecast vanadium pentoxide production which will underpin financing and development of the world-scale Mount Peake Project.