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VR8 Signs Offtake Term Sheet with US Vanadium and Appoints RMB for Funding

9:04am on Tuesday 28th of April, 2026 AEST Mining
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VR8 Signs Offtake Term Sheet with US Vanadium and Appoints RMB for Funding

9:04am on Tuesday 28th of April, 2026 AEST
Key Points
  • Non-binding offtake for 100% vanadium slag with U.S. Vanadium
  • Focus on co-production of vanadium slag and pig iron to diversify revenue
  • Rand Merchant Bank appointed exclusive financial advisor for funding
  • Plans to develop V-Iron Plant on brownfield site to reduce capital intensity
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