REG - Bushveld Minerals Ld - Trading Suspension

Bushveld MineralsAnnouncement

18/11/2024 07:00

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RNS Number : 5849M  Bushveld Minerals Limited  18 November 2024

Market Abuse Regulation ("MAR") Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

18 November 2024

Bushveld Minerals Limited

("Bushveld" or the "Company")

Trading Suspension

 

Further to the announcement of 08 November 2024, where the Company stated the
Company's funds at hand were not currently sufficient to sustain its
operations or meet its immediate liabilities, the Board of Bushveld
Minerals (AIM: BMN), the AIM quoted, integrated primary vanadium producer,
announces that discussions, with various stakeholders,  have not been
successful in securing additional funds to address the Company's liquidity
position. As a consequence, the Company has engaged with a turnaround
specialist to understand the prospects for business recovery and achieve the
best outcome for all stakeholders and affected persons.  Consequently, the
Company has requested that trading in the Company's shares on the AIM market
of the London Stock Exchange be suspended due to financial uncertainty.

Further announcements will be made shortly as appropriate.

 

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

 

ENDS

 

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a primary vanadium producer. It is one of the world's
three primary vanadium producers, offering compelling exposure to vanadium
through its upstream asset.

 

Detailed information on the Company and progress to date can be accessed on
the website www.bushveldminerals.com (https://www.bushveldminerals.com/)

 

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