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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: 0.725
Bid: 0.70
Ask: 0.75
Change: 0.125 (20.83%)
Spread: 0.05 (7.143%)
Open: 0.60
High: 0.725
Low: 0.575
Prev. Close: 0.60
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IN BRIEF: Bushveld notes claims against VRFB over Enerox investment

Wed, 14th Jul 2021 18:34

Bushveld Minerals Ltd - Johannesburg-based vanadium producer - Notes claim form issued in English High Court by Garnet Commerce Ltd against VRFB Holdings Ltd and Enerox Holdings Ltd.

The form seeks declarations against VRFB concerning an alleged breach of the joint venture agreement in relation in Enerox, particularly the indirect investment through Mustang Energy PLC.

VRFB will look to defend against the claims.

Bushveld has a 25% indirect interest in Enerox, through VRFB, which holds a 50% interest. Garnet also holds a stake in Enerox.

Enerox is a vanadium redox flow battery manufacturer.

Current stock price: 12.42 pence

Year-to-date change: down 36%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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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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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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IN BRIEF: Bushveld Minerals to produce more vanadium in 2022 than 2021

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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Mustang Energy PLC - London-based special purpose acquisition company - Says finalisation and review of prospectus by Financial Conduct Authority has commenced. Prospectus concerns Mustang's share exchange agreement with Acacia Resources Ltd. Mustang intends to increase its stake in VRFB Holdings Ltd to 49.5% through the purchase of Acacia Resource's 27% stake, as announced in August. VRFB-H is a 50% shareholder in Enerox Holding Ltd, a special purpose vehicle which holds the entire issued share capital of Enerox GmbH, an Austrian-based vanadium redox flow battery manufacturer.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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