Technology Metals Sees Big Synergies Through Australian Vanadium Merger

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.