Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Shipped to the US!
https://importkey.com/search/Bushveld
https://mobile.twitter.com/BushveldMin_Ltd/status/1321658250794835968
-Updates on Increased Production at Vametco and Vanchem- Last year Vametco produced circa 2,850 mtV, this year projected to be circa 3,800 mtv including Vanchem. That’s a circa 25% increase in Production for 2020!
-News of Reduced Production Costs at Vametco and Vanchem.
-Increased Sales to China (currently 18%, an increase of 600% from last year)
-Updates on the Construction of Bushveld’s new Electrolyte Plant
-Updates on the New Solar plus VRFB Mini-Grid at Vametco. Built to guarantee electricity supply to the mine but also to showcase this concept to other mines all over Africa!
-News of new Vanadium supply contracts with Invinity Energy Systems, who have just announced nearly 8MWh of new Business in California.
https://www.lse.co.uk/rns/IES/invinity-chosen-for-78mwh-of-california-projects-hpohq4g6ml35dpo.html
Remember Bushveld have the first right of refusal to supply Vanadium into these projects!
-Updates on our Minority stake in Enerox. Maybe news on the new 200 MWh Pangea Storage Project in Australia which Enerox signed an LOI on in 2019.
https://renewablesnow.com/news/cellcube-pangea-join-hands-in-50mw200mwh-aussie-storage-project-654064/
Bushveld again has first right of refusal to supply the Vanadium.
-News on the Massive $400million Eskom Battery Energy Storage Tender.
We really are due the largest re-rate that AIM’s ever seen I think!!
https://webcasting.brrmedia.co.uk/broadcast/5f8d7182c4d0076f2b940ed4
Excellent stuff Ian!
Looks like something is brewing over at Invinity (9.52% up today) which can only mean good things for Bushveld!
It is now only a matter of time. I am just listening to Bloomberg about a substantial stimulus package upcoming in the US.
So we now have:
- A clear path to 6,000 mtV ++ production per year
- Eskom tender results to be announced pre- end of year
- Huge Worldwide Infrastructure projects to kick-start economies
- New VRFB contracts to be announced by Invinity/Enerox
- Imminent Completion of the World’s largest Energy Storage project (VRFB) in Dalian, China through Rongke Power (who through UET we are now partners with!)
- Other substantial VRFB projects announced in China and Japan which will need large amounts of Vanadium
It has been a long, draining few months with regards to the share price but there are a LOT of positives moving forward!
The beauty of the Orion financing deal is that we can now commit to supplying Vanadium to any VRFB deals that Invinity or Enerox are negotiating on, as we have a clear path to higher production.
My concern before is that we could not do this due to the upcoming Eskom tender.
It seems Invinity are very close to closing further deals, and we will no doubt have additional projects from Enerox in the near future.
Whether we gain a significant slice of the Eskom tender or not (which I think we will get minimum 50%) we are still in a very good place to benefit massively from other VRFB deals I think.
This time from Vanchem- 11,000 Kg of Ammonium MetaVanadate
https://importkey.com/search/Bushveld
UET and Rongke Power (the Range Power written in Bushveld’s recent RNS was a spelling mistake!) are affiliated/sister companies and have been working together since 2016.
https://www.prnewswire.com/news-releases/unienergy-technologies-strategic-partner-to-deliver-worlds-largest-battery-300277413.html
https://ecopartnerships.lbl.gov/partnership/unienergy
Rongke Power as you know are installing the Words Largest VRFB Battery (and world’s largest battery) at Dalian, China which will be 800MWh.
UET and Rongke Power have installed more than 30 VRFBS around the World since 2010, spanning the US, China, Europe and SA (with Eskom).
https://nelha.hawaii.gov/wp-content/uploads/2018/12/05.-Rick-Winter_UET.pdf
So when the Eskom tender requests experience and commercial installation expertise, it looks like we are partnering with the elite!
Plus 11,000 Kg of Ammonium MetaVanadate From Vanchem.
Don’t worry everyone, Bushveld is still making money.
Can everyone please pick up their energy a little, it is starting to get a bit depressing reading this board.
Any newcomers looking in will just move on immediately if everyone keeps on like this!
There is a LOT to look forward to here, including Bushveld Energy bidding for one of the largest Energy Storage tenders ever seen, which they have been working towards (and in my opinion were chief instigators of) since 2016!
https://mobile.twitter.com/GwedeMantashe1/status/1304040131339472896
https://mobile.twitter.com/BigBiteNow/status/1303652005387407361