ATVVF - Australian Vanadium says TMT merger unlocks scale and funding

(NewsDirect)

Australian VanadiumLtd (ASX:AVL, OTCQB:ATVVF) CEO Graham Arvidson speaks withProactive soon after the company and Technology Metals Australia Ltd(ASX:TMT) struck a deal to merge, in an agreement valued at $217million which will see AVL acquire 100% of the TMT shares on issue.The companies see the merger as a logical consolidation of twoadjoining projects across the Gabanintha orebody. As a result, themerged entity will become the leading Australian vanadium developerwith a world-class asset of scale in Western Australia, a tier-onemining jurisdiction.

Arvidson said: “We are pleased with the strong support shownby RCF and other investors for the placement.

“Following theannounced merger with TMT earlier this week, receiving this support isa positive endorsement of AVL’s strategy and team but alsohighlights the growing investor interest in the vanadium thematicwhich continues to benefit from the clean energy transition andongoing electrification of energy supplies requiring storagesolutions.

“Theplacement ensures that the combined group will be well-funded toprogress its integration strategy between AVL and TMT as well as thego-forward development strategy, and we are excited by the futureopportunities”.

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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