TNG Signs LOI for Vanadium Offtake with Korea’s Woojin

TNG Ltd. (ASX:TNG) announced that it has signed a letter of intent (LOI) with Korean ferrovanadium producer Woojin Ind. Co. Ltd. regarding vanadium offtake from its Australia-based Mount Peake vanadium-titanium-iron project.

As quoted in the press release:

The execution of this document follows an initial broad Memorandum of Understanding (MOU) signed between WJN and TNG in March 2014. Since then, the parties have worked closely together to develop mutual understanding and cooperation to pursue binding agreements in relation to the Mount Peake Project.

This included a visit from WJN’s Chairman, Mr In Jong Ki, and General Manager, Mr Eddie Choi, to Darwin and Perth, Australia from May 12 to 15, 2014.

The outcome of that visit was very positive and the parties have now confirmed their intention to enter into future binding agreements by committing to this Letter of Intent in relation to vanadium products to be produced from Mount Peake.

Click here to read the full TNG Ltd. (ASX:TNG) press release.

Get the Latest Vanadium Investing Stock Information

Get the latest information about companies associated with Vanadium Investing delivered directly to your inbox.

Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

FREE Report - How Will Trump Affect Your Gold Investments? 

Trump’s policies are affecting gold. You should know what’s going on. Click here to get our FREE report.

Click here to get your free report!

Discover what the experts see coming in the Age of Trump with our INN Insider's Report free of charge! Includes expert insights into Trump and his effect on mining and gold.


Leave a Reply