SUCCESSFUL IMPLEMENTATION OF AVL AND TMT MERGER

According to Australian Vanadium Limited reported on 1 FEBRUARY 2024, The merger of Australian Vanadium Limited (ASX: AVL, the Company or AVL) and Technology Metals Australia Limited (TMT) has been successfully completed.

The transaction consolidates two adjoining projects across one orebody, realising synergies through the advancement of a single integrated vanadium project.

Work underway focussing on concentrate quality and coproduct optimisation to unlock reduced capital and operating costs and realise higher revenue, maximising project economics and shareholder value.

According to the Chair of the Board and CEO of AVL,  Today sees the successful implementation of the merger of AVL and TMT, with AVL acquiring all shares in TMT.1 On behalf of the Board of Directors and Management Team of AVL, we would like to welcome the shareholders of TMT to AVL’s register. We firmly believe that the merger of AVL and TMT will unlock material benefits for all shareholders through the consolidation of adjoining projects on one contiguous orebody, to create one of the largest and most advanced vanadium development projects in the world.

For more information, please visit: https://www.ferroalloynet.com/news/successful_implementation_of_avl_and_tmt_merger.html