TNG (ASX:TNG) secures European patent

Company News

by Katrina Bullock

Australian metals company TNG (ASX:TNG) has secured a patent from the European Patent Office for its TIVAN® hydrometallurgical process.

The process allows for the extraction and recovery of high-purity vanadium, titanium and iron from their ores in commercial grades and quantities.

The processwas developed by TNG and its metallurgical consultants, Perth-based METS. The company will now be considering licensing the process globally and says it could be “highly lucrative”.

The company has now secured patents for the process in Europe, Australia, Canada, the Russian Federation, the United States and Vietnam; with more pending in China and South Africa.

Shares in TNG (ASX:TNG) last traded at 8 cents.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.