REG - Bushveld Minerals Ld - Response to Market Speculation

Bushveld MineralsAnnouncement

10/10/2023 07:00

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RNS Number : 4852P  Bushveld Minerals Limited  10 October 2023

10 October 2023

Bushveld Minerals Limited

("Bushveld Minerals" "Bushveld" or the "Company")

Response to Market Speculation

 

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary
vanadium producer and energy storage solutions provider, notes the market
speculation regarding Mr Kamran Sattar and Portillion Capital Ltd's intention
to call a general meeting of shareholders in order to effect boardroom
changes. The Company met with Mr Sattar yesterday afternoon and is pleased to
report that having discussed his concerns, Mr Satter has confirmed in writing
that he no longer intends to attempt to requisition a general meeting of
shareholders.

 

The Company is fully focused on concluding the restructuring of the Orion Mine
Finance convertible loan, the investment with Southern Point Resources and
meeting 2023 production and cost guidance. The Company looks forward to making
further announcements in respect of these discussions in due course.

 

 

ENDS

 

Enquiries: info@bushveldminerals.com

 Bushveld Minerals Limited                                                       +27 (0) 11 268 6555
 Craig Coltman, Chief Executive Officer
 Chika Edeh, Head of Investor Relations

 SP Angel Corporate Finance LLP                  Nominated Adviser & Broker      +44 (0) 20 3470 0470
 Richard Morrison / Charlie Bouverat
 Grant Baker / Richard Parlons

 RBC Capital Markets                             Joint Broker                    +44 (0) 20 7653 4000
 Jamil Miah / Sahil Suleman

 Tavistock                                       Financial PR
 Gareth Tredway / Tara Vivian-Neal/ Adam Baynes                                  +44 (0) 207 920 3150

 

 

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a low-cost, vertically integrated primary vanadium
producer. It is one of only three operating primary vanadium producers, owning
2 of the world's 4 operating primary vanadium processing facilities. 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, the
Company participates in the entire vanadium value chain through its two main
pillars: Bushveld Vanadium, which mines and processes vanadium ore; and
Bushveld Energy, an energy storage solutions provider.

Bushveld Energy is focused on developing and promoting the role of vanadium in
the growing global energy storage market through the advancement of
vanadium-based energy storage systems, specifically Vanadium Redox Flow
Batteries ("VRFBs").

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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