Home » Sovereign Metals (SVML) » #SVML Sovereign Metals – Offtake & Marketing Alliance with Japanese Trader

#SVML Sovereign Metals – Offtake & Marketing Alliance with Japanese Trader



MoU signed with global trading and investment firm for rutile offtake, marketing and product development for the Kasiya Rutile Project


MoU covers offtake and marketing rights for 30,000 tonnes per annum of natural rutile from Kasiya


Marketing alliance will focus on Asia, a key and established growth market for high-grade titanium feedstocks


Key Asian customers have confirmed premium chemical parameters of Kasiya’s natural rutile as part of product quality assessments


Asian titanium metal producers have confirmed the suitability of the Kasiya rutile product



Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce that it has entered into a non-binding Memorandum of Understanding (MoU) with Mitsui & Co Ltd (Mitsui), one of the largest global trading and investment companies in Japan. The MoU establishes a marketing alliance and offtake for 30,000 tonnes of natural rutile per annum from the Company’s world-class Kasiya Rutile Project (Kasiya) in Malawi.

This MoU creates a marketing alliance between the two parties to jointly market Sovereign’s rutile across Asia and other markets. The alliance will allow Sovereign to leverage off Mitsui’s extensive network and their market-leading understanding of the titanium industry and global logistics.

Mitsui has shared samples of rutile product from Kasiya with Asian end-users that have confirmed its premium chemical specifications should be suitable for use in their titanium sponge and pigment processes, as a precursor for high-grade, high-specification titanium metal and pigment production.

Sovereign’s Managing Director, Dr Julian Stephens commented: “The Asia region is a key natural rutile market with all major end-use sectors well established and further strong growth forecast. We expect expanding technology developments and increasing environmental awareness to drive greater demand for natural rutile. This marketing alliance with a very high-calibre partner in Mitsui will assist Sovereign to penetrate these ever-growing markets.

The MoU is non-exclusive and non-binding with no pricing terms which remains subject to negotiation and execution of a definitive agreement. The MoU will expire on 31 December 2023 but can be extended by agreement by both parties should a definitive agreement not have been reached by that time.



Dr Julian Stephens (Perth)
Managing Director

+61(8) 9322 6322

Sam Cordin (Perth)
+61(8) 9322 6322

Sapan Ghai (London)
+44 207 478 3900



Nominated Adviser on AIM


RFC Ambrian


Bhavesh Patel / Andrew Thomson

+44 20 3440 6800



Joint Brokers



+44 20 3207 7800

Matthew Armitt


Jennifer Lee




Optiva Securities

+44 20 3137 1902

Daniel Ingram


Mariela Jaho


Christian Dennis

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