TNG attracts $3.87 million to advance Mount Peake Vanadium-Iron-Titanium Project
Date: Nov 9, 2018
Mount Peake is one of the largest undeveloped vanadium–titanium-iron projects in the world.
TNG Ltd (ASX:TNG) has successfully raised $3.87 million via a share purchase plan (SPP) at 10.9 cents each.
The SPP was strongly supported, which reflects the positive outlook for TNG and its Mount Peake Vanadium-Iron-Titanium Project in the Northern Territory.
TNG managing director Paul Burton said: “This is an excellent result which reflects both the strength of our share register and the quality of our key asset.
“I would like to take the opportunity to thank our shareholders for their strong support.”
The Mount Peake project is located 235 kilometres northwest of Alice Springs, close to existing key power and transport infrastructure.
