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WRITTEN BY Aaliyah Rogan

TMT shareholders approve AVL scheme of arrangement

Technology Metals Australia (ASX:TMT) shareholders have approved the previously reported merger with Australian Vanadium (ASX:AVL) via scheme of arrangement. 

Technology Metals will now be seeking approval of the scheme by the Supreme Court of Western Australia on 19 January 2024.

If the court approves the scheme, Technology Metals will lodge a copy of the orders of the court within the Australian Securities and Investments Commission (ASIC) on 22 January 2024. 

Upon this, Technology Metals expects the Australian Securities Exchange (ASX) will suspend TMT shares from trading with effect from the close of trading that day. 

If the scheme becomes effective, it is expected to be implemented on 1 February.

Subsequent to today’s (16 January) announcement, Technology Metals’ share price had jumped 6% to $0.265 as of 3.45pm AEDT. Australian Vanadium remained unchanged.

Write to Aaliyah Rogan at Mining.com.au      

Images: Technology Metals Australia
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Written By Aaliyah Rogan
Originally from New Zealand, Aaliyah brings several years of experience covering the resources sector, with a focus on companies, commodities and global mining markets. Her reporting has spanned European markets and the evolving global mining landscape, with a focus on the stories and market forces driving change across the sector.

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