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RNS Number : 5866C Bushveld Minerals Limited 02 September 2024
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 until the release of this announcement
Bushveld Minerals Limited
("Bushveld Minerals", "Bushveld", "Company", or the "Group")
Orion Matched Funding Received
Further to the Company's announcement on 28 June 2024 and on 14 August 2024,
Bushveld Minerals Limited (AIM: BMN), the primary vanadium producer, is
pleased to announce that it has received the US$10 million in matched funding
from OMF Fund III (F) Limited ("Orion") and has begun work on cost cutting
initiatives and development works to return the Company to profitability and
secure its long-term future.
Further detail on these initiatives will be announced in due course.
Craig Coltman CEO of Bushveld Minerals commented:
"We are pleased to receive these funds from Orion to enable us to reduce long
outstanding creditors balances and allow us to advance our turnaround
strategy at Vametco."
Enquiries: info@Bushveldminerals.com (mailto:info@Bushveldminerals.com)
Bushveld Minerals Limited +27 (0) 11 268 6555
Craig Coltman, Chief Executive Officer
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat
Grant Barker / Abigail Wayne
Hannam & Partners Joint Broker +44 (0) 20 7907 8500
Andrew Chubb / Matt Hasson / Jay Ashfield
Tavistock Financial PR +44 (0) 207 920 3150
Gareth Tredway / Tara Vivian-Neal / James Whitaker
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a vertically integrated primary vanadium producer, it is
one of only three operating primary vanadium producers. In 2022, the Company
produced more than 3,800 mtV, representing approximately three per cent of the
global vanadium market. With a diversified vanadium product portfolio serving
the needs of the steel, energy and chemical sectors.
Detailed information on the Company and progress to date can be accessed on
the website www.bushveldminerals.com (http://www.bushveldminerals.com/)
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