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Pin to quick picksBushveld Minerals Share News (BMN)

Share Price Information for Bushveld Minerals (BMN)

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Share Price: 0.675
Bid: 0.65
Ask: 0.70
Change: 0.025 (3.85%)
Spread: 0.05 (7.692%)
Open: 0.65
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Bushveld Minerals updates on its energy project

Wed, 05th Oct 2016 10:26

(ShareCast News) - Diversified mineral development company Bushveld Minerals updated the market in respect of its 84% owned subsidiary, Bushveld Energy, on Wednesday.The AIM-traded firm launched BE in January 2016 to focus on developing and promoting the role of vanadium in the growing global energy storage market through application in Vanadium Redox Flow Batteries. It reported continued progress in respect of the cooperation agreement with the Industrial Development Corporation, with tenders for studies now closed and the market study and techno-economic study awards being concluded.There was also ongoing identification of potential sites for VRFB installations in South Africa, in order to demonstrate the technology and its commercial application.Bushveld said it was also progressing market opportunities of VRFBs outside of South Africa through a memorandum of understanding recently signed with UniEnergy Technologies, a US-based manufacturer of turnkey, large and medium-scale VRFBs for utility, micro-grid, commercial and industrial, and other applications."Bushveld Energy is pleased to be cooperating on both studies with the IDC, a state funding institution that committed ZAR 14bn in support of renewable energy projects in the past five years," said Bushveld CEO Fortune Mojapelo."It has also prioritised energy storage as one of the eight most attractive new industries in terms of financial and developmental returns."The IDC also has important stakeholder linkages with the South African government, regulators and utilities and other key players that are necessary to provide a catalytic stimulus for the energy storage industry as they have for the renewable industry to date."At 1208 BST, shares in Bushveld Minerals were up 0.68% at 1.46p.
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IN BRIEF: Bushveld maintains hot commissioning target of mid-2023

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions - Says it would like to clarify that, while cold commissioning of the electrolyte manufacturing facility has commenced, hot commissioning and production remains due to be completed in the first half of 2023, as previously announced.

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28 Nov 2022 14:54

Mustang Energy to acquire Bushveld Energy's 51% stake in VRFB Holdings

(Alliance News) - Mustang Energy PLC on Monday said it entered into a deal with Bushveld Energy Ltd to acquire its 51% stake in VRFB Holdings.

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage provider - Reports production in the third quarter that ended September 30 of 1,016 metric tonnes of vanadium, a fall of 3.8% from 1,056 metric tonnes a year ago but an increase of 52% on the second quarter of 2022, when it was 668 metric tonnes. Sales in the third quarter grow 25% to 1,034 metric tonnes of vanadium from 826 tonnes a year prior. Meanwhile, production for the first nine months of 2022 totals 2,657 metric tonnes of vanadium, 1.1% higher than 2,629 a year prior.

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13 Sep 2022 15:37

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(Alliance News) - Bushveld Minerals Ltd on Tuesday reported a significantly narrowed interim loss as it upped revenue thanks to higher vanadium prices and a beneficial exchange rate.

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