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  2. Share Prices
  3. Bushveld Minerals Share Price
  4. Bushveld Minerals Share News
  5. Bushveld Says Lemur Resources To Acquire South African Vanadium Assets

Pin to quick picksBushveld Minerals Share News (BMN)

Bushveld Minerals Information

Share Price Information for Bushveld Minerals (BMN)

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Share Price: 0.65
Bid: 0.60
Ask: 0.70
Change: -0.06 (-8.57%)
Spread: 0.10 (16.667%)
Open: 0.775
High: 0.64
Low: 0.64
Prev. Close: 0.70
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Bushveld Says Lemur Resources To Acquire South African Vanadium Assets

Fri, 19th Jun 2015 14:50

LONDON (Alliance News) - Bushveld Minerals Ltd Friday said Lemur Resources, in which it holds a 63% stake, is holding talks about potentially acquiring vanadium assets in South Africa.

Lemur Resources, which is listed on the Australian Securities Exchange, said Friday it was in talks about acquiring a South African company which holds three greenfield properties in the north west of the country.

The company it is set to purchase has not been named but Lemur said it has entered into a loan agreement, whereby it has loaned the company around AUD213,000 for immediate working capital. That loan will be offset by the purchase price should the deal go ahead, said Lemur.

Bushveld shares were up 1.8% to 4.15 pence per share on Friday afternoon.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
3 Jan 2024 21:30

IN BRIEF: Bushveld Minerals yet to receive subscription payment

Bushveld Minerals Ltd - integrated primary vanadium producer - Says it has yet to receive payment from Southern Point Resources under its subscription in the recent equity issue. Notes that while it is "confident" that the USD12.5 million in funds will be received in the coming week, and has been assured as such by Southern Point, it is "obliged to inform the market of the current state of affairs". Adds that shares due to SPR have been issued as a share certificate and remain in the company's possession. The money due is classified as a short-term receivable on the balance sheet until it has been received.

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19 Dec 2023 13:35

Busheld Minerals granted SARB approval for 100% ownership of Vametco

(Alliance News) - Bushveld Minerals Ltd on Tuesday said it had received approval for the acquisition of minority interests in the Vametco vanadium mine and production facility.

Read more
15 Dec 2023 11:59

LONDON MARKET MIDDAY: FTSE 100 hurt by "mixed bag" of PMI data

(Alliance News) - The FTSE 100 in London was down at midday Friday, seeing Thursday's rally from hopes of interest rate cuts in the US coming to an end.

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15 Dec 2023 10:58

Bushveld Minerals inks deal with Southern Point Resources

(Alliance News) - Bushveld Minerals Ltd saw its shares rise on Friday, after entering into a definitive agreement with Southern Point Resources Ltd.

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14 Dec 2023 15:53

TRADING UPDATES: Eurasia Mining settles dispute with former advisor

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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13 Dec 2023 14:18

Bushveld gives notice to 40pc of head office staff

(Sharecast News) - Vanadium producer Bushveld Minerals said in an update on Wednesday that it was implementing strategic cost-cutting measures to ensure long-term competitiveness and financial stability, while also right-sizing its head office staff to align with a renewed focus on core operational assets.

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13 Dec 2023 14:12

Bushveld Minerals cuts costs by letting go of 40% of head office

(Alliance News) - Bushveld Minerals Ltd on Wednesday said it will be cutting costs, but the measures will impact about 40% of head office positions.

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12 Dec 2023 19:24

IN BRIEF: Bushveld Minerals completes fundraise with retail offer

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Announces the completion of the PrimaryBid offer that was announced on December 5. Says retail investors subscribed for around 2.5 million shares at an issue price of 3 pence per share, raising around GBP73,533.

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5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Nov 2023 21:36

EARNINGS AND TRADING: Southern Energy loss swing; Craven House widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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20 Nov 2023 18:23

TRADING UPDATES: Eqtec to restucture; Bushveld to sell Cellcub stake

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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16 Nov 2023 19:30

TRADING UPDATES: Instem acquisition by Ichor sanctioned by UK court

(Alliance News) - (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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6 Nov 2023 14:26

TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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30 Oct 2023 14:34

IN BRIEF: Bushveld to become sole Vametco owner in acquisition deal

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Enters conditional agreement to acquire the remaining 26% minority interest in Bushveld Vametco Holdings Proprietary Ltd, currently owned by a black economic empowerment consortium, in exchange for the issue of 232.8 million shares or 13% of its enlarged share capital. Transaction will grant Bushveld 100% ownership of the Vametco mine and vanadium plant, and complete control over its cash flows. Says 70% of consideration shares will be subject to a six-month lock-in period. Consideration also includes Bushveld paying ZAR18 million in cash to one of the BEE consortium vendors.

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