7th Jun 2016 07:20
LONDON (Alliance News) - Ironveld PLC on Tuesday said it has finalised an offtake agreement for vanadium slag product from the Bushveld vanadium and titanium project in South Africa.
Ironveld said it has entered into a five-year deal from first production for all vanadium slag produced at attractive price terms.
No financial details were disclosed and neither was the name of the customer.
"The finalisation of the vanadium offtake with an international company is again a huge endorsement of the Project and vanadium product's quality and a sign of the ever growing global demand for vanadium," said Peter Cox, Ironveld's chief executive.
Ironveld shares were up 0.5% to 5.28 pence early Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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