$217m Vanadium Merger
$217m Vanadium Merger
Consolidation has kicked off in the vanadium sector, with two WA explorers agreeing to a $217 million all-paper merger. The merger is driven by the desire for single ownership of the same highly prospective orebody and the goal of both companies to gain more scale in the eyes of investors.
釩行業的整合已經開始，兩家西澳勘探公司同意了一項2.17億美元的全紙質合併。此次合併的驅動因素是對同一極具前景的礦體的單一所有權願望，以及兩家公司在投資者眼中擴大規模的目標。
On Monday, Australian Vanadium (ASX:AVL) and Technology Metals Australia (ASX:TMT) finalised a deal to bring together their adjoining flagship projects near Meekatharra in the State's Mid-West region. AVL will lead the merger, acquiring TMT in a deal that offers 12 of its shares for every TMT share held. This puts the paper price at just over 32 cents for TMT shares, compared to the 27 cent close last Friday.
週一，澳大利亞釩(澳大利亞證券交易所股票代碼：AVL)和澳大利亞技術金屬公司(澳大利亞證券交易所股票代碼：TMT)敲定了一項協定，將他們在該州中西部地區Meekatharra附近毗鄰的旗艦專案整合在一起。AVL將牽頭合併，收購TMT，以每持有一股TMT股票換取12股TMT股票。這使得TMT股票的紙價略高於32美分，而上週五收盤價為27美分。
If the merger proceeds, RCF, the major shareholder in TMT (and the largest shareholder in AVL), has committed to subscribing $15 million to an institutional placement, totaling $20 million.
如果合併進行，TMT的主要股東RCF(也是AVL的最大股東)已承諾認購1500萬美元用於機構配售，總計2000萬美元。
In their statements to the ASX on Monday, the two companies said, "the consolidation of two adjoining projects across one orebody provides a unique opportunity to realise operational and corporate synergies by creating a single integrated project. The combined group will become the leading Australian vanadium developer with a world-class asset of scale, located in a Tier-1 mining jurisdiction."
兩家公司在週一提交給澳大利亞證券交易所的聲明中表示，“在一個礦體上整合兩個毗鄰的專案，提供了一個獨特的機會，通過創建一個綜合專案來實現運營和企業協同效應。合併後的集團將成為澳大利亞領先的釩開發商，擁有世界級的規模資產，位於一級採礦管轄區。”
AVL CEO Graham Arvidson stated, "The combination of Australian Vanadium and Technology Metals Australia is transformational for both companies and marks a significant milestone in both management teams' efforts to develop their respective projects." He added that the merger would unlock material synergies for both sets of shareholders, making AVL the leading force in the Australian vanadium sector.
AVL首席執行官格雷厄姆·阿維德森表示：“澳大利亞釩和澳大利亞科技金屬公司的合併對兩家公司來說都是變革性的，標誌著兩個管理團隊努力開發各自專案的一個重要里程碑。”他補充說，合併將為兩組股東帶來實質性的協同效應，使AVL成為澳大利亞釩行業的主導力量。
TMT CEO Ian Prentice welcomed the consolidation of the Gabanintha vanadium orebody in WA, describing it as "arguably one of the best undeveloped vanadium resources in the world."
TMT首席執行官Ian Prentice對西澳Gabanintha釩礦體的整合表示歡迎，並將其描述為“可以說是世界上最好的未開發釩資源之一”。
Apart from these broad reasons for the deal, the two companies anticipate synergies in exploration, feasibility, and development work on the orebody, promising a 25-year mine life and the highest-grade Australian vanadium project. They also foresee better opportunities for resource expansion, improved terms from suppliers and governments, and a potential catalyst for future vanadium flow battery production in Australia.
除了這筆交易的這些廣泛原因外，兩家公司還預計在礦體的勘探、可行性和開發工作方面存在協同效應，承諾礦山壽命為25年，並將成為澳大利亞最高品位的釩專案。他們還預計，資源擴張有更好的機會，供應商和政府提供更好的條款，並可能成為澳大利亞未來釩液流電池生產的催化劑。
The merger aims to provide the new company with "increased market relevance, liquidity, and balance sheet" by creating a leading ASX-listed vanadium company with a pro forma market capitalisation of $217 million and pro forma cash of $52.1 million post-completion of the Placement. The combined entity is well-funded for the next phase of project development activities.
這項合併旨在通過創建一家在澳交所上市的領先釩公司，為新公司提供“更強的市場相關性、流動性和資產負債表”，在配售完成後，公司的預計市值為2.17億美元，預計現金為5210萬美元。合併後的實體為下一階段的專案開發活動提供了充足的資金。
譯文內容由第三人軟體翻譯。