Bushveld Minerals Ld (AIM:BMN) Bushveld Electrolyte Company update following media report

Bushveld Minerals Limited (AIM: BMN), the integrated primary vanadium producer and energy storage solutions provider, notes the recent media report, published in South Africa on 19 February.

Which referred to the commissioning of the Bushveld Electrolyte Company (‘BELCO’), South Africa’s first vanadium electrolyte factory, having started and the hope to produce 1 million litres of vanadium electrolyte this year.

The Company would like to clarify that whilst cold commissioning of the electrolyte manufacturing facility has commenced, hot commissioning and production is, as previously advised, due to be completed in H1 2023. Further, whilst progress is being made in the qualification process with manufacturers to use its electrolyte, the Company is not providing any production guidance, at the current time, as production will be informed by sales and off-take contracts with Original Equipment Manufacturers, discussions of which are ongoing.


Enquiries: [email protected]

Bushveld Minerals Limited

+27 (0) 11 268 6555

Fortune Mojapelo, Chief Executive Officer

Chika Edeh, Head of Investor Relations

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.