PROJECT FINANCE

Vanadium gets 'Lygendary' backing for SPD development 

CHINESE firm Lygend Group will spend almost A$6 million for a 9.99% stake in South Africa-focused Vanadium Resources at a 40% premium to VR8's share price over the past month.

 SPD sits within the Bushveld complex alongside Glencore, Implats and AngloAmerican

SPD sits within the Bushveld complex alongside Glencore, Implats and AngloAmerican

The injection of $5.91 million at 11c comes with a four-month period to allow Lygend subsidiary Matrix Resources to negotiate an offtake agreement for up to 40% of planned production from the Steelpoortdrift...

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