Technology Metals to merge with Australian Vanadium in a $217m deal.

Technology Metals, an Australia-based mineral exploration company, agreed to merge with Australian Vanadium, a vanadium focused company, in a $217m deal. “The logical consolidation of two adjoining projects on the same orebody will unlock material synergies for both sets of shareholders. If successful, the transaction will create the leading ASX listed vanadium developer and a world-class asset of scale located in a tier-one mining jurisdiction. AVL’s institutional placement ensures that the combined group will be well-funded to progress integration and the go-forward development strategy," Graham Arvidson, Australian Vanadium CEO.