Australian Vanadium Limited

Court Approves Scheme of Arrangement

Advanced vanadium developer, Technology Metals Australia Limited (ASX: TMT) (Technology Metals or the Company), provides the following update on the proposed merger of TMT and Australian Vanadium Limited (AVL) via Scheme of Arrangement (Scheme), under which AVL will acquire 100% of the TMT shares on issue.


RESULTS OF SECOND COURT HEARING

TMT is pleased to announce that the Supreme Court of Western Australia (Court) has made orders approving the Scheme.

TMT intends to lodge an office copy of the Court’s orders with the Australian Securities and Investments Commission on Monday, 22 January 2024, at which time the Scheme will become legally effective. TMT expects that the ASX will suspend TMT shares from trading on the ASX with effect from the close of trading on Monday, 22 January 2024.

TIMETABLE AND NEXT STEPS

An indicative timetable is set out below:

* All stated dates and times are indicative only. The actual timetable will depend on many factors outside the control of TMT and AVL. Any changes to the above timetable will be announced to ASX and available under TMT’s profile at www.asx.com.au.

TMT will update its shareholders as to any material developments in relation to the Scheme as the timetable progresses.

If you require further information or have questions in relation to the Scheme, please contact the TMT Shareholder Information Line on 08 9321 8533 between 8:30 am and 5:00 pm (AWST).


Click here for the full ASX Release

This article includes content from Australian Vanadium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

ATVVF
Australian Vanadium

Australian Vanadium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Australian Vanadium

Australian Vanadium


Keep reading...Show less
Australian Vanadium

Retirement Of Managing Director

Vincent Algar to retire from the AVL Board of Directors

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) announces that Managing Director, Mr Vincent Algar, will retire from the Board of the Company on 14 July 2023. He will continue in a transition role for the next few months, as the Company continues to develop the Australian Vanadium Project (“the Project”).

Keep reading...Show less
Australian Vanadium

$49 Million Government Grant Agreement Executed

Collaboration grant agreement to support the development of the Australian Vanadium Project.

Further to the Company’s announcement on 16 March 20221, Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to advise that AVL and the Commonwealth of Australia, represented by the Department of Industry, Science and Resources, have executed a Commonwealth Grant Agreement (“the Agreement”) as part of the Modern Manufacturing Initiative - Manufacturing Collaboration Stream (“the Grant”).

Keep reading...Show less
Australian Vanadium

Appointment Of Chief Financial Officer

Highly experienced financial professional to drive financial outcomes

Australian Vanadium Limited (ASX: AVL, “the Company” or “AVL”) is pleased to announce that it has appointed Mr Tom Plant as Chief Financial Officer (CFO) of the Company with effect from 6th June 2023.

Keep reading...Show less
CleanTech & Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

CleanTech & Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, announced the presentations from the CleanTech and Precious Metal Virtual Investor Conference held on February 14 th -16 th are now available for online viewing.

REGISTER NOW AT : https://bit.ly/3S1V1yg

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Australian Vanadium CEO Graham Arvidson

Australian Vanadium, TMT Merger Boosts Project Economics, CEO Says

The merger between Australian Vanadium (ASX:AVL) and Technology Metals Australia (ASX:TMT) will enable both companies to simplify the strategic imperatives required to advance their vanadium assets, which are being combined, Australian Vanadium CEO Graham Arvidson explained.

“We're both pursuing advanced assets where we need offtake (and) financing, that's debt and equity, and we need to finalise our permitting. And all of that becomes a simpler story,” Arvidson said. "Actually bringing these tenements together offers opportunities as well to improve the economics of the assets."

The completion of the merger between Australian Vanadium and Technology Metals Australia has effectively created Australia's largest publicly traded vanadium developer.

Keep reading...Show less
Australian Vanadium

Australian Vanadium, TMA Merger Creates Australia’s Largest Vanadium Developer

The merger between Australian Vanadium (ASX:AVL) and Technology Metals Australia (ASX:TMT) has positioned the two companies as the largest publicly traded vanadium developer in Australia, according to a news report in PerthNow.

Keep reading...Show less
 Australian Vanadium Limited

Successful Implementation of AVL and TMT Merger

Australian Vanadium Limited (ASX:AVL) is pleased to announce the successful implementation of its merger with Technology Metals Australia Limited (ASX:TMT).

Keep reading...Show less
 Australian Vanadium Limited

Scheme of Arrangement has been Implemented

Advanced vanadium developer, Technology Metals Australia Limited (ASX: TMT) (Technology Metals, or the Company), provides the following update on the proposed merger of TMT and Australian Vanadium Limited (AVL) via Scheme of Arrangement (Scheme), under which AVL will acquire 100% of the TMT shares on issue.

Keep reading...Show less
 Australian Vanadium Limited

Quarterly Activities/Appendix 5B Cash Flow Report

Australian Vanadium Limited (AVL) is pleased to present its Quarterly Activities and Cash Flow Report.

Keep reading...Show less
  SUREFIRE RESOURCES NL

Surefire Develops a Breakthrough Process for Vanadium Extraction

Surefire Resources NL (“Surefire” or “the Company”) is pleased to announce it has achieved a breakthrough process of extracting Vanadium directly from magnetite concentrate out of its 100% owned flagship Victory Bore Vanadium project in Western Australia.

Keep reading...Show less
Australian Vanadium

Australian Vanadium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×