Bushveld Minerals Share News (BMN)

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.

Bushveld acquires remaining 26pc interest in BVH

(Sharecast News) - Vanadium producer Bushveld Minerals announced its conditional acquisition of the remaining 26% minority interest in Bushveld Vametco Holdings (BVH) on Monday, gaining full ownership of the Vametco vanadium mine and production facility in South Africa.

IN BRIEF: Bushveld Minerals avoids uncalled for general meeting

Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Notes speculation around Kamran Sattar and Portillion Capital Ltd's intention to call a general meeting of shareholders in order to effect boardroom changes. Says it met with Sattar on Monday and reports that, having discussed his concerns, Sattar confirms he no longer intends to attempt to requisition a general meeting of shareholders.

EARNINGS: FireAngel Safety interim loss widens amid ongoing headwinds

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

LONDON BROKER RATINGS: RBC likes Bellway, Redrow among housebuilders

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Bushveld announces big partnership plans with Southern Point Resources

(Sharecast News) - Vanadium producer and energy storage developer Bushveld Minerals announced its intention to forge a substantial investment partnership with the SPR GP1 fund, also known as Southern Point Resources, on Monday.

Bushveld Minerals says Southern Point to invest up to USD78 million

(Alliance News) - Bushveld Minerals Ltd shares surged on Monday after it entered a binding term sheet with Southern Point Resources GP1 (Pty) Ltd, in large part to fund ongoing expansion at its Vanchem plant.

Bushveld Minerals to receive 22% stake in VRFB after note redemption

(Alliance News) - Bushveld Minerals Ltd on Wednesday said holders of convertible loan notes in Mustang Energy PLC have elected to redeem their notes.

IN BRIEF: Bushveld quarterly sales double and production rises

Bushveld Minerals Ltd - South Africa-focused iron ore and tin exploration and development company - Says for the three months ending June 30, production rose by 26% to 840 million tonnes from 668 million tonnes a year prior. Weighted average production costs for the second quarter of the year were down by 12% to USD27.4 per unit of volume from USD31.2 the year before. Adds sales in the period were 1.68 billion tonnes, more than doubled from 787 million tonnes in the second quarter of 2022.

Bushveld Minerals notes Garnet to take 60% stake in Enerox from VRFB-H

(Alliance News) - Bushveld Minerals Ltd on Friday noted that VRFB Holdings Ltd has received notice from Garnet Commerce Ltd regarding its option in Enerox Holdings Ltd, which wholly owns Enerox GmbH, the owner of the CellCube brand and energy storage system.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Bushveld and Primorus revise terms of loan note agreement

Bushveld Minerals Ltd - Iron ore and tin exploration and development company with operations in South Africa - Agrees with London-based investment firm Primorus Investments PLC to alter the terms of the Bushveld convertible loan note, first announced on January 19 2022.

Bushveld brings in De Beers veteran to replace co-founder as CEO

(Sharecast News) - Integrated vanadium producer Bushveld Minerals announced the appointment of Craig Coltman as its new chief executive officer on Wednesday.

AIM WINNERS & LOSERS: Live Co shares to be suspended amid audit delay

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

Bushveld shares drop despite narrowing loss and new CEO

(Alliance News) - Bushveld Minerals Ltd on Wednesday said its loss narrowed and revenue rose as it announced the appointment of a new chief executive.