Bushveld Minerals Limited (AIM: BMN), the AIM listed, integrated primary vanadium producer, with ownership of high grade vanadium assets.
Is pleased to announce the appointment of BMO Capital Markets Limited as joint corporate broker to the Company with immediate effect, to act alongside SP Angel Corporate Finance LLP, who remains the Company’s nominated adviser and joint corporate broker, and Alternative Resource Capital, who remains joint corporate broker.
About Bushveld Minerals Limited
Bushveld Minerals is a low cost, integrated, primary vanadium producer, with ownership of high grade vanadium assets.
The Company’s flagship vanadium platform includes a 74% controlling interest in Bushveld Vametco Alloys (Pty) Ltd a primary vanadium mining and processing company; the Mokopane Vanadium Project and the Brits Vanadium Project.
Bushveld’s vision is to become a significant, low cost, integrated primary vanadium producer through owning high grade assets. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy, the Company’s energy storage project developer and component manufacturer. Whilst the demand for vanadium remains largely anchored in the steel industry, Bushveld Minerals believes there is strong potential for an imminent and significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries.
While the Company’s focus is on the vanadium operations and the development and promotion of VRFBs it has additional investments in coal, power and tin.
The coal platform comprises the wholly-owned Imaloto Coal Project, which is being developed as one of Madagascar’s leading independent power producers. The Company’s tin interests are held through its shareholding in AIM listed AfriTin Mining Limited.
The Company’s approach to project development recognises that, whilst attractive project economics are imperative, they are insufficient to secure capital to bring them to account. A clear path to production within a visible timeframe, low capital expenditure requirements and scalability are important factors in ensuring a positive return on investment. This philosophy is core to the Company’s strategy in developing projects.
Detailed information on the Company and progress to date can be accessed on the website: www.bushveldminerals.com.
