Ironveld PLC - South Africa-focused mining company - Receives non-binding term sheet from a South Africa-based financial institution regarding asset-level financing of mining and smelting activities at its high-purity iron, vanadium and titanium project. Says funding would allow it to invest in all planned operations, including transition to production of high-purity iron powders. Transaction is however subject to further due diligence, with no certainty that it will be concluded.
Ironveld also announces that Chief Executive Officer Martin Eales has stepped down with immediate effect. Executive Chair John Wardle will assume Eales' duties on an interim basis.
Current stock price: 0.14 pence
12-month change: down 55%
By Emma Curzon, Alliance News reporter
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Ironveld (IRON)