Sovereign Metals: Signs MoU with Chemours for rutile supply

Sovereign Metals Signs MoU with Chemours for rutile supply

• Sovereign Metals (SVM) enters a memorandum of understanding (MoU) with titanium dioxide pigment producer The Chemours Company
• The non-binding and non-exclusive deal is for Sovereign to potentially supply 20,000 tonnes of natural rutile per annum from its Kasiya rutile project in Malawi
• Sovereign’s MD Dr Julian Stephens says signing this agreement with a global industry leader is a “true testament to the quality and strategic nature of our world-class Kasiya project”
• The two-year MoU is subject to the companies executing a definitive agreement
• SVM shares are up 1.28 per cent to trade at 39.5 cents at 12:52 pm AEDT.