Neometals is pleased to announce the execution of a binding offtake agreement between Novana Oy (Novana) and Glencore for the VRP1 Offtake Agreement

Vanadium Recovery Project Offtake Executed with Glencore


HIGHLIGHTS

  • Agreement for the guaranteed offtake for 100% of vanadium products produced by Vanadium Recovery Project (VRP1) secured with leading commodities producer and marketer, Glencore International AG (Glencore);
  • Demonstrates the market demand for high-purity, carbon-neutral vanadium pentoxide (V2O5) produced in the European Union (EU) from EU raw materials; and
  • Glencore will provide technical expertise to the project given its deep vanadium operating experience at the Rhovan Mine in South Africa.

To read the full ASX announcement, please click here.





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