Australian Vanadium increased its total consideration offered in a scheme of arrangement with Technology Metals Australia (ASX:TMT).
The revised offer is now 14 AVL shares for every 1 TMT share, up from the previous offer of 12 AVL shares for every 1 TMT share.
Australian Vanadium confirmed this is its best and final proposal.
Technology Metals' board unanimously recommends that its shareholders vote in favour of the scheme.