Technology Metals Australia Limited announced that it has entered into a non-binding Memorandum of Understanding (MoU) with Indian steelmaking company Tata Steel Limited (Tata Steel), part of the global Tata Group. Technology Metals is progressing the development of the Murchison Technology Metals Project (MTMP) in Western Australia to produce high purity vanadium pentoxide (V2O5) and is investigating opportunities to move downstream including the production of vanadium electrolyte, ferrovanadium (FeV) and vanadium nitride (VN).