TNG receives funding from Export Finance Australia

TNG Limited, a mineral processing technology company, has received export finance funding for its Mount Peake vanadium-titanium-iron project in the Northern Territory.

Vanadium is used to strengthen steel and as electrolyte in the emerging technology of vanadium redox flow battery energy storage, while titanium is a high strength, light weight metal used in aerospace and space industries and as a pigment.

The project utilises the HySustain technology developed by AGV to produce green hydrogen using the electrolysis of demineralised water and 100 per cent renewable energy.

The company received a conditional letter of support for up to $300 million in debt funding from Export Finance Australia.

The funding will underpin financing of the project, one of 15 projects recognised under the federal government’s critical minerals priority roadmap.