TMT: TMT Strengthens Cornerstone Support - $11.5M Placement

TECHNOLOGY METALS AUSTRALIA LIMITED

• Technology Metals Australia Limited (TMT) has secured firm commitments for a $11.5 million placement at $0.28 per share from existing and new strategic and institutional investors.
• Cornerstone shareholder Resource Capital Fund VII L.P. (RCF VII) has committed $2.75 million, increasing its holding to ~18% post the placement.
• Funds raised will be used to progress the Murchison Technology Metals Project (MTMP) towards construction readiness and advance financing and customer engagement discussions.

2023-05-24 10:02:00

TMT: MOU TO SUPPLY VANADIUM TO INDIAN BATTERY MANUFACTURER

TECHNOLOGY METALS AUSTRALIA LIMITED

• Technology Metals Australia has signed an MOU with Delectrik Systems for the supply of vanadium raw material to support the Indian VRFB manufacturer.
• The MOU supports the development of the VRFB industry in both countries and represents a key component of Technology Metals' downstream strategy.
• Delectrik has been growing rapidly, selling its VRFB systems in several regions, with the Indian government investing $4.3 billion in the country's energy transition towards net-zero emissions.

2023-04-03 08:41:00

TMT: Preferred Tenderers Engaged to Progress MTMP Implementation

TECHNOLOGY METALS AUSTRALIA LIMITED

• TMA announces engagement of key project partners GRES and IMC for efficient implementation of MTMP
• Engagements include detailed construction planning, schedule definition, and development of site establishment and supporting infrastructure work packages
• FLSmidth, key equipment supplier for MTMP processing plant, will work alongside TMA, GRES and IMC

2023-03-10 09:41:00

TMT: Battery Grade Vanadium Electrolyte Produced

TECHNOLOGY METALS AUSTRALIA LIMITED

• Technology Metals Australia Limited has produced high quality vanadium electrolyte using feedstock from its Murchison Technology Metals Project.
• Initial performance testing has demonstrated positive results, compared favourably to commercially available vanadium electrolytes.
• The project is developing to meet the increasing demand forecast for long duration energy storage markets.

2023-02-14 09:12:00

TMT: EKF Issues Financing Letter of Interest

TECHNOLOGY METALS AUSTRALIA LIMITED

1. EKF Denmark’s Export Credit Agency has issued a Letter of Interest including high level terms for potential Danish ECA financing support for the development of the Murchison Technology Metals Project.
2. The EKF Letter of Interest contemplates support of around A$150 million subject to, among others, customary due diligence, satisfactory documentation and approvals.
3. The EKF Letter of Interest is a significant step in the Company's funding strategy with discussions ongoing across a range of Government and commercial sources of finance and funding support.