Placement and SPP To Raise up to $27.5M

• Placement to institutional, professional and sophisticated investors raises $20m at an issue price of $0.047 per share
• Planned share purchase plan to eligible shareholders to raise up to an additional $7.5m at the same issue price as the placement
• Funds to be used predominantly to finance ongoing work at the Australian Vanadium Project and develop key downstream markets ahead of finalising debt financing and a Final Investment Decision