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.
ENDS
Enquiries: [email protected]
Bushveld Minerals Limited
+27 (0) 11 268 6555
Fortune Mojapelo, Chief Executive Officer
Chika Edeh, Head of Investor Relations
