Surefire Resources receives interest from German group for vanadium and titanium supply

Proactive - Interviews for investors

Surefire Resources NL (ASX:SRN) managing director Paul Burton joins Proactive’s Tylah Tully to discuss an expression of interest (EoI) the company has received from HMS Bergbau AG, a German commodities trading group, for the supply of vanadium and titanium from the company’s Victory Bore Project in Western Australia. HMS Bergbau specialises in the global marketing and logistics of raw materials, with established operations across Europe, Africa, Asia and the Middle East, as well as strong ties to funding organisations. The EoI outlines the possibility of a long-term strategic partnership to ensure a steady supply of vanadium and other metals to Germany and Europe, aiming to diversify Europe’s critical mineral sources. Burton acknowledged synergies between HMS’s presence in the Middle East and Surefire’s processing plans in Saudi Arabia. Surefire listed on the Frankfurt Stock Exchange in July 2024 to bolster European interest in its critical minerals project. Germany’s recent €1 billion Raw Materials Fund further supports initiatives to secure critical mineral supply chains. The Victory Bore Project has a mineral resource estimate of 464.6 million tonnes and a 2023 pre-feasibility study highlighted a net present value of US$1.1 billion, a 42% internal rate of return, and a 2.4-year payback period for its 24-year mine life. #ProactiveInvestors #SurefireResources #ASX #Vanadium, #Titanium, #VictoryBoreProject, #CriticalMinerals, #Germany, #CommoditiesTrading, #HMSBergbau, #MiningAustralia, #EuropeanSupplyChain, #MineralResources, #SaudiArabia, #VanadiumSupply, #PreFeasibilityStudy, #GermanIndustry, #RawMaterials, #MineralExploration, #MiningNews, #ASXStocks, #Sustainability