(via NewsDirect)
Arvidson said: “We are pleased with the strong support shown by RCF and other investors for the placement.
“Following the announced merger with TMT earlier this week, receiving this support is a positive endorsement of AVL’s strategy and team but also highlights the growing investor interest in the vanadium thematic which continues to benefit from the clean energy transition and ongoing electrification of energy supplies requiring storage solutions.
“The placement ensures that the combined group will be well-funded to progress its integration strategy between AVL and TMT as well as the go-forward development strategy, and we are excited by the future opportunities”.
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