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TVN - Tivan Limited

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TNG Limited has announced that it has signed a Binding Life-of-Mine Off-take and Marketing Agreement with the leading Market Expansion Services provider DKSH to purchase, on a life-of-mine basis, up to 100% of the titanium dioxide (TiO2) pigment that will be produced by its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.

The key points from the announcement:
  • DKSH will provide full distribution services, including freight financing, technical support, logistics, marketing and sales for TNG's TiO2 product(s) from the Mount Peake Vanadium-Titanium-Iron Project.
  • TNG will sell, and DKSH will purchase, up to 150,000 tons per year – or 100% of TNG's TiO2 production – on an FOB basis to distribute globally, excluding the Iberian Peninsula and European Nordic countries and subject to the terms and conditions of the agreement.
  • TNG will initially produce a high-durability pigment for the outdoor coating industry,which represents the largest pigment market, before expanding to other high-value niche markets.
  • TNG already has binding life-of-mine off-take agreements in place for vanadium with Korean group WOOJIN and Binding Terms for iron products with Gunvor.
  • The finalisation of a binding off-take agreement for titanium dioxide production means that TNG will have binding sales contracts in place for all three of its high-value products, supporting its funding and commercialisation strategy for the Mount Peake Project.
Today's announcement has lifted the TNG share price 30% to 13c on strong volume of more than 5.5 million shares.

Looks like things are falling into place at Mount Peake for TNG. Exciting times for the company.

 
I was chatting to my mate at work yesterday about TNG and it I thought this company looks OK and when I fly back home I will have a better look.

mmmmm then away she goes before I even get a chance to have a look... typical.

anyway time to stop sooking and I will still have a look tonight as it still has plenty of upside.

up 13% today due to the following announcement



 
This was what got my original attention and the above announcement was a total surprise.



 
good interview from SmallCAPS with Paul Burton from TNG about their Mount Peake project

 
and this is why I keep out of this pool of stocks

just when shareholders think that the shackles have been broken and SP can go for a run....BOOM back down to 10.5c (-12.5%)

 
Guildford1 said:
surely this is the month for TNG to finally deliver
Click to expand...
It would seem it's been rediscovered today?
No news, but with the battery minerals/ metals frenzy, I am surprised it's been lurking and consolidating.



TNG is a Perth based resource and mineral processing technology company focussing on building a world-scale strategic metals business based on its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.
Located 235km north of Alice Springs, Mount Peake will be a long-life project producing a suite of high-quality, high-purity strategic products for global markets including vanadium pentoxide, titanium dioxide pigment and iron ore fines.
The project, which is expected to be a top-10 global producer, has received Major Project Status from the Northern Territory and Federal Governments.

TNG is also advancing a green energy strategy with the dual objective of offsetting carbon emissions from its planned future operations and generating new business opportunities in the alternative energy market to create additional shareholder value, with a focus on green hydrogen and vanadium redox flow batteries.
 
Doing a little digging and it ticks my buzzword box. ?

I note today was the first day after the cap raise SP spike for it to get above the CR price of $0.09, coupled with volume upturn.
Should some good news flow whilst this current metals frenzy is running, I only see the share price going one direction.
 
Feb comp entry.

MOUNT PEAKE PROJECT – VANADIUM-TITANIUM-IRON (NT) (TNG: 100%)

• Clough Projects Australia Pty Ltd (“Clough”) appointed to develop an integrated design layout (“Integrated Layout”) for the single mining and processing operation at the Mount Peake Project mine site (“Mine Site”), located 235km north-west of Alice Springs in the Northern Territory.

• In November, Clough, together with TNG’s Project Team, completed development of the Integrated Layout comprising the beneficiation plant, TIVAN® processing facility and plant utilities located within the Mining Lease footprint of the Mine Site.

• Following the successful completion of the Integrated Layout, Clough was then commissioned to progress
value engineering to optimise outcomes in cost/schedule and progress design aspects incorporating, civil, structural & architectural, mechanical, piping, electrical & instrumentation engineering disciplines, logistics and non-process infrastructure.

• TNG and its environmental consultant, Animal Plant Mineral (“APM”), continued to progress works for the environmental assessment process for the integrated mining and processing operation at Mount Peake.

• Further progress achieved with a range of project financing workstreams for the Project, including commercial debt and Export Credit Agency (“ECA”) cover, governmental concessional funding, build-own- operate-transfer (“BOOT”) funding and sustainable lending opportunities.

• SMS group are assisting Clough and TNG and finalising confirmatory testwork for the TIVAN® process under the revised layout.

TNG GREEN ENERGY STRATEGY

• TNG and its green energy partner, AGV Energy & Technology, continued to advance scoping and evaluation
of a HySustain Green Hydrogen Project in Darwin.

• TNG’s consultant, METS Engineering, progressed the technology and process design study for a vanadium
electrolyte production facility for the Company’s vanadium redox flow battery business unit.

CORPORATE

• In November, TNG raised A$12.5 million in an oversubscribed institutional share placement at A$0.09 per share (“Share Placement”) to fund the further consolidation planning, engineering and approvals and project financing work streams for the Mount Peake Project, as well as to progress the Company’s green energy initiatives.

• The Company’s cash position at 31 December 2021 was $16.3 million
 
Almost looking like it's put a bottom in.
I'm in for a long term hold. Hopefully 2022 is the year they really get moving with the projects and possible spin offs.
MD thinks it's a bargain...

 
Shaping out with a nice saucer pattern.
Will it push up through, or pivot down to around 7 cent? ?
Always fascinated to see how these things play out. Always more scenarios to learn.

 
Not enough momentum today to push and hold above the 10 cent mark.
As I'm in it for the long hold, with a small position, I'm not fussed about trying to trade this one.
Just using it for now as a learning curve.
Volumes overall are a bit thin, and would want to see it test 9 cent and survive, if I was trading it. Next decent announcement would then probably push it through the barrier point.
Might hear something soon about funding, but having gone over the thread, it's a bit like molasses in winter...?

 
frugal.rock said:
Might hear something soon about funding, but having gone over the thread, it's a bit like molasses in winter...?
Click to expand...
ASX 8th July, 2022

EXPORT FINANCE AUSTRALIA ISSUES CONDITIONAL LETTER OF SUPPORT
FOR THE MOUNT PEAKE PROJECT OF UP TO $300M IN DEBT FUNDING

The conditional letter of support is a cornerstone component of the finance package for the future construction of the TNG’s flagship Mount Peake Project

Key Points
• The Australian Government’s Export Credit Agency (“ECA”), Export Finance Australia (“EFA”), issues conditional and non-binding Letter of Support for up to A$300 million of debt funding for the Mount Peake
Vanadium-Titanium-Iron Project.
• The Mount Peake Project is one of only 15 Australian critical minerals projects identified by the Australian Government in its critical minerals priority road map.
• EFA’s non-binding Letter of Support notes the broad alignment of the Project with the Government’s Critical Mineral Strategy to diversify production of, and capture more value from, critical minerals supply.

 
TNG seeks Titanium, Vanadium and Iron northwest of Alice Springs.

It is said by some they are tardy and there is movement at and towards the board.

My dart pick for the August 2022 competition.

gg
 
Garpal Gumnut said:
TNG seeks Titanium, Vanadium and Iron northwest of Alice Springs.
My dart pick for the August 2022 competition.

gg
Click to expand...
Did you intercept the carrier pigeon, gg? Up 12%

• The Korean official Export Credit Agency Korea Trade Insurance Corporation (“K-SURE”) has issued a conditional Letter of Support for the provision of up to A$200 million in debt funding for TNG’s Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.
• TNG has now received a total of up to A$800 million in conditional Letters of Support/Interest for the Mount Peake Project from Australian, German and Korean Government backed funding sources.
• The Letter of Support from K-SURE builds on the December 2021 Memorandum of Understanding on Cooperation in Critical Minerals Supply Chains, signed between the Republic of Korea and Australia.
• KPMG Corporate Finance and Germany’s KfW IPEX-Bank GmbH continue to support TNG in achieving these landmark financing milestones
 
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