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15/01/2020

Letter of Intent Signed with Hebei Vanadium Titanium Industrial Technology Research Institute

Subsidiary of HBIS Group Chengsteel Company in China and AVL initiate collaboration.

Key Points:

  • AVL signs Letter of Intent with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co Ltd, a subsidiary of HBIS Group Chengsteel
  • Chengsteel is currently the world’s third largest vanadium producer
  • Potential purchase of AVL’s vanadium products and Project investment opportunities
  • Consideration of technical services for the Australian Vanadium Project
  • Letter of Intent confirms interest from both parties to discuss a binding purchase and sale agreement
  • Letter of Intent is non-binding and sets terms for discussion
  • AVL Managing Director and COO to visit HBIS in January, a visit to Western Australia by HBIS Vanadium executive management being planned
Letter of Intent Signed with Hebei Vanadium Titanium Industrial Technology Research Institute View PDF (519 KB)
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