RE: evi19 May 2022 06:16
We believe that there is plenty of scope for Bushveld Minerals shares to bounce back to its 2018 levels of around 40p. This is partly because Bushveld Minerals is one of only a few vanadium producers globally. Bushveld owns two of the world’s four operating primary production processing facilities. Its 549 million tonne resource is one of the largest primary vanadium resource bases with three mineral assets: Vametco, Brits and Mokopane.
Through Vametco and Vanchem, its processing facility, Bushveld Minerals produces Nitrovan, ferrovanadium, vanadium oxides and vanadium chemicals. The company’s orebodies comprise large, long-life, opencast deposits, with grades of 1.6 – 2.0% V2O5 in-magnetite, which are among the highest in the world.
Alongside all this, last week Bushveld Minerals announced that it had successfully defended a claim from Garnet Commerce regarding an alleged breach of a joint venture agreement. Garnet Commerce issued a claim form in the High Court against VRFB Holdings, of which Bushveld Energy has a 50% stake and Enerox Holdings, a VRFB manufacturer providing grid scale and micro-grid energy storage solutions