TNG in talks for Mt Peake finance, offtakes

Australian strategic metals developer TNG on Tuesday said it has had preliminary meetings with Germany's KfW IPEX-Bank and received a positive hearing with an expression of interest to conduct further due diligence ahead of possible mandating for finance for the development of its flagship Mount Peake vanadium/titanium/iron project, in the Northern Territory. The ASX-listed company has also engaged with other debt finance provider, including North Australia Infrastructure Fund and Australia's Export Credit Finance Agency, Efic. "The extent of their potential involvement in the funding package is unknown at this stage, but we expect updates in this area shortly," it stated.