Technology Metals Raises $2.14 Million To Fund Gabanintha Vanadium Project

BEIJING (Asian Metal) 3 Feb 20 – On 31 January, Australian-based Technology Metals Australia Limited announced it has received commitments for a placement of up to 19,445,833 fully paid ordinary shares at a price of $0.11 per share to raise approximately $2,139,042 before costs.

Funds raised will be used to progress the development of the large, long life, low cost world class Gabanintha Vanadium Project and for general working capital. The Company completed a high quality DFS into the development of the Gabanintha Vanadium Project in August 2019 and is progressing offtake and financing discussions.