ASX-listed Vanadium Resources (VR8) has entered into a A$4.6-million subscription agreement with South African construction and mining services company Raubex, which will inject the investment for development of a vanadium project. In return for the investment premium, VR8 associate company Vanadium Resources Pty, which owns the Steelpoortdrift vanadium project in, Mpumalanga, South Africa, has entered in to an arms-length mining services agreement with Raubex’s wholly-owned contract mining subsidiary SPH Kundalila.
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