Major Sales Agreement Signed For Windimurra Vanadium Production

Posted On Monday, January 24th, 2011 By Under Uncategorized

Atlantic Ltd (ASX: ATI, Atlantic) is pleased to announce the execution of a major sales and marketing agreement (Agreement) between its wholly-owned subsidiary Midwest Vanadium Pty Ltd (MVPL), Wengfu (Group) Co Ltd (Wengfu) and Element Commodities Ltd (Element) for the sale of 100% of the ferrovanadium production from the Windimurra vanadium project (Windimurra) in Western Australia.

Wengfu is a major Chinese state-owned mining and chemical manufacturing group and a leading international player in the phosphate and fertiliser sector.

Element is a specialist Hong Kong-based global supply chain and commodities trading firm.  Financially backed by Wengfu, Element manages the global flow of raw materials with significant expertise in marketing vanadium.