Technology Metals Australia Ltd (ASX:TMT) MD Ian Prentice updates Proactive following the recent news of a proposed merger with Australian Vanadium Ltd – a deal valued at $217 million which will see AVL acquire 100% of the TMT shares on issue. The companies see the merger as a logical consolidation of two adjoining projects across the Gabanintha orebody. As a result, the merged entity will become the leading Australian vanadium developer with a world-class asset of scale in Western Australia, a tier-one mining jurisdiction.
For more information, please visit: https://www.ferroalloynet.com/news/technology_metals_sees_big_synergies_through_australian_vanadium_merger_aaf599f0_ab68_4b28_84e2_ba292ce34ae0.html
