Vanadium developer Technology Metals Australia will raise A$11.5-million in a share placement to progress the development of its Murchison technology metals project (MTMP), in Western Australia. The company has received firm commitments for the placement of some 41.1-million shares, at a price of 28c each from existing and new strategic and institutional investors. Shareholder Resource Capital Fund (RCF) has committed to participate in the share placement, subscribing for A$2.75-million of the placement shares and increasing its shareholding in Technology Metals to nearly 18%.