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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: 0.75
Bid: 0.70
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IN BRIEF: Bushveld to become sole Vametco owner in acquisition deal

Mon, 30th Oct 2023 14:34

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.

Current stock price: 1.35 pence, down 3.6% on Monday afternoon

12-month change: down 72%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Jul 2018 13:06

Bushveld Minerals Completes "Milestones" At Imaloto Power Project

LONDON (Alliance News) - Bushveld Minerals Ltd said Wednesday its coal and energy subsidiary Lemur Holdings Ltd completed a Social and Environmental Impact Assessment at its power project in the a

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22 May 2018 16:01

Bushveld Minerals Completes 30 Year Agreement To Build Power Plant

LONDON (Alliance News) - Bushveld Minerals Ltd said Tuesday it has signed a 30-year concession agreement with the government of the Republic of Madagascar for the approval to develop, construct an

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27 Apr 2018 12:38

Bushveld Minerals On Track To Keep Pushing Up Vanadium Output

LONDON (Alliance News) - Resources firm Bushveld Minerals Ltd on Friday reported a strong increase in vanadium production in the first quarter of 2018 after the first phase of an expansion mainly

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28 Mar 2018 14:14

Bushveld Minerals Appoints Michael Kirkwood As Non-Executive Director

LONDON (Alliance News) - Bushveld Minerals Ltd, a vanadium miner, said Wednesday it has appointed Michael Kirkwood as senior independent non-executive director starting from a

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26 Mar 2018 18:18

Bushveld Minerals Raises USD22 Million In Equity Placing (ALLISS)

LONDON (Alliance News) - South African vanadium producer Bushveld Minerals Ltd said Monday that it has raised USD22.2 million through an oversubscribed equity a

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13 Dec 2016 11:04

Bushveld to buy stake in Namibia tin project

(ShareCast News) - Diversified mineral explorer Bushveld is to buy an interest in the Uis tin project in Namibia. The company's subsidiary Greenhills Resources will buy a 49% stake in Dawnmin Africa Investments, which is the 85% owner of the tin project, from a consortium of shareholders in Namibia.

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13 Dec 2016 08:37

Bushveld Buys Into Uis Tin Project In Namibia For GBP650,000 (ALLISS)

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21 Oct 2016 08:39

Bushveld Minerals completes £0.75m placing

(ShareCast News) - Bushveld Minerals announced on Friday that it has placed 53,571,430 new ordinary shares of 1p each in the company, at a price of 1.4p each, raising gross proceeds of £0.75m. The AIM-traded firm said the placing coordinator, Beaufort Securities, has been issued 5,357,143 broker war

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5 Oct 2016 10:26

Bushveld Minerals updates on its energy project

(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 energ

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5 Oct 2016 08:15

Bushveld Expects Results From Energy Storage Research By Year-End

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15 Jul 2016 15:45

Bushveld Minerals Postpones Completion Of Strategic Minerals Purchase

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20 Jun 2016 07:57

Bushveld Gets Encouraging Results From Groenfontein Tests

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Bushveld Says Settlement Reached For Imaloto Mining Licence

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13 Jun 2016 09:36

Bushveld To Investigate Energy Storage Opportunities In South Africa

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