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Pin to quick picksBushveld Minerals Share News (BMN)

Share Price Information for Bushveld Minerals (BMN)

London Stock Exchange
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Share Price: 0.65
Bid: 0.60
Ask: 0.70
Change: -0.01 (-1.52%)
Spread: 0.10 (16.667%)
Open: 0.625
High: 0.65
Low: 0.625
Prev. Close: 0.66
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TRADING UPDATES: Europa eyes fundraise; Eastinco extends long stop

Fri, 25th Mar 2022 18:51

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

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Angle PLC - Surrey, England-based liquid biopsy company - Notes use of its Parsortix system by a Milan-based cancer research institute in a study looking at early stage triple negative breast cancer patients. Researchers used Parsortix to isolate and harvest circulating tumour cells. Angle says the study shows Parsortix has the potential to provide information on tumour evolution and identify actionable therapeutic targets that could help determine future treatment options for patients with chemotherapy-resistant disease.

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Helios Underwriting PLC - London-based limited liability vehicles investment company - Increases retained capacity at March 25 by 84% to GBP171.9 million to GBP93.5 million the same time a year ago. Reinsured capacity at March 25 increases 18% to GBP60.8 million from GBP51.5 million year-on-year. Company says it remains "confident" it will deliver "improved results" when compared to the market as a whole.

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Europa Oil & Gas Holdings PLC- Ireland and Morocco focused oil and gas exploration and production company - Asks shareholders to vote on a conditional raising of GBP7 million and a subsequent issuing of 390 million shares at 1.8 pence each to fund the acquisition of a 25% in Serenity, UKCS Block 13/23c. Serenity is a oil field located in the Central North Sea. Drilling is expected at Serenity in summer.

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Bushveld Minerals Ltd - vanadium producer in South Africa - Extends the notice period for Mustang Energy PLC to issue notice to Bushveld in respect of the backstop announced on January 19 until March 28. The notice relates to Mustang's investment into VRFB Holdings Ltd in which Bushveld's 84% owned subsidiary holds a 51% interest.

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Pembroke VCT PLC - venture capital trust that invests in companies in design, education, food, beverage & hospitality, wellness, digital services and media sectors - Resolves to use GBP10 million of its GBP20 million over-allotment facility in relation to its subscription offer. This increases the amount that can be raised under the offer to GBP50 million.

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HSBC Holdings PLC - London-based banking and financial services company - Non-executive Director Rachel Duan acquires 3,000 American Depositary Shares at USD33.65 each, worth USD100,950, on Wednesday.

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Advanced Oncotherapy PLC - London-based proton therapy system provider - Announces equity fundraise of GBP2 million through a subscription of 8.0 million shares at a price of 25 pence each. The subscription shares have been subscribed for by Odey Asset Management LLP. Company says the issue price represents a premium of 6.4% to the closing middle market price of an ordinary share on Thursday.

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Kingswood Holdings Ltd - London-based wealth manager - Agrees to increase its master services agreement cap with Kingswood LLP to GBP625,000 for 2022. Kingswood Holdings entered a master service agreement with Kingswood LLP in December 2020. It contained a provision which capped the maximum payment due to Kingswood LLP in any calendar year at GBP250,000. In 2021, this increased to GBP400,000.

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Eastinco Mining & Exploration PLC - mining project investment company focused on Africa - Extends long stop agreement in relation to its acquisition of Aterian Resources Ltd from Altus Strategies PLC. Long stop extends to April 29.

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Novacyt SA - Surrey, England-based biotechnology company - Chief Executive Officer David Allmond acquires 43,500 shares at GBP2.31 each, worth GBP100,485, on Friday.

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Stagecoach Group PLC - Perth, Scotland-based transport company - Notes that Inframobility UK Bidco Ltd, a company wholly owned by Pan-European Infrastructure III SCSp, has acquired 93.7 million Stagecoach shares held by Threadneedle Asset Management Ltd. This represents 17% of Stagecoach's share capital.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Apr 2024 19:58

EARNINGS AND TRADING: Graft Polymer extends loan; ASA profit down 30%

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

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23 Apr 2024 15:09

Bushveld updates Vametco mineral resources

(Sharecast News) - Bushveld Minerals updated the market on mineral resources and reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex on Tuesday.

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14 Mar 2024 15:30

IN BRIEF: Bushveld receives USD3.0 million loan from Southern Point

Bushveld Minerals Ltd - vanadium producer operating the Vanchem and Vametco processing facilities in South Africa - Receives a further ZAR56.3 million, around USD3.0 million, from Southern Point Resources Ltd as an interest-free loan. This brings the total paid to Bushveld by the South Africa-focused investment fund to USD12.5 million.

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29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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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16 Feb 2024 10:57

IN BRIEF: Bushveld up after receiving delayed Southern Point payment

Bushveld Minerals Ltd - Vanadium producer operating in South Africa - Receives an additional ZAR76 million, around GBP3.2 million, from Southern Point Resources Ltd, a London-based investment fund. The payment is part of a subscription agreed between the pair in December for GBP9.9 million, which Southern Point was due to transfer to Bushveld's UK bank account. Payments received to date have been sent to a Bushveld subsidiary's bank account, which the company says would result in further funding delays if these were used to satisfy Southern Points obligations under the subscription agreement. Bushveld adds that it lost 11 and 3 days of production in January at its Vanchem and Vametco projects, respectively, as a result of the delayed settlement.

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5 Feb 2024 10:10

Bushveld Minerals suspends guidance, production dips but sales rise

(Alliance News) - Bushveld Minerals Ltd on Monday reported a surge in annual sales despite production falling, but said it has suspended full-year guidance until it receives funds from Southern Point Resources Ltd.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 11:44

IN BRIEF: Bushveld shares soar as refinances loan with OMF Fund

Bushveld Minerals Ltd - integrated primary vanadium producer - Completes the refinancing of its unsecured convertible loan notes issued to OMF Fund III (F) Ltd, which was dated September 29, 2020. It says it has refinanced its convertible debt obligations of USD47.1 million. Back in November, the firm entered an agreement to refinance its existing convertible loan notes with Orion Mine Finance. It extended the maturity date for existing convertible loan notes to January 31, 2024 (from December 21, 2023) and refinanced the convertible debt obligations of around USD46.9 million. This included a new convertible loan note of around USD14.1 million and a term loan of around USD28.1 million. Chief Executive Craig Coltman says: "I am pleased to announce all conditions set out on the definitive agreement with Orion were met and the refinancing transaction is now completed. We thank Orion for their ongoing support towards the company."

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1 Feb 2024 10:31

AIM WINNERS & LOSERS: Bushveld jumps as refinances loan with OMF Fund

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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29 Jan 2024 17:40

IN BRIEF: Bushveld Minerals finance director resigns after probe

Bushveld Minerals Ltd - integrated primary vanadium producer - Finance Director Tanya Chikanza resigns after investigation into Chikanza's alleged failure to disclose a material conflict of interest. Says it has been established that Chikanza made an oral disclosure to the previous CEO, which she accepts breached the company's conflict of interest policy. She will leave the company on Wednesday.

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19 Jan 2024 20:55

IN BRIEF: Bushveld still awaiting full Southern Point settlement

Bushveld Minerals Ltd - integrated primary vanadium producer - Receives payment of ZAR40 million, or approximately USD2 million, from Southern Point Resources of USD12.5 million due as part of Bushveld's USD18.4 million equity capital raising. Southern Point remains in default of the agreement until Bushveld receives the entire USD12.5 million. Says Southern Point previously claimed late transfer was caused by processing delays, but more recently said delay was due to an institutional funding partner defaulting on its agreement to provide funds. Southern Point says it will provide the funds no later than February 28.

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15 Jan 2024 12:03

IN BRIEF: Bushveld Minerals warns of suspension if receives no funds

Bushveld Minerals Ltd - integrated primary vanadium producer - Says it has not yet received USD12.5 million in funds from Southern Point Resources under its USD18.4 million equity capital raising. Company says it has had to constrain production, suspend some operational activities and defer creditor payments. Further, it warns that it may have to consider suspending operations if further payment delays occur.

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10 Jan 2024 17:40

Bushveld Minerals shares fall as yet to receive SPR funds

(Alliance News) - Bushveld Minerals Ltd on Wednesday said it has issued a letter of demand following the late payment of funds under the Southern Point Resources under its subscription in the recent equity issue.

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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.

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