Last checked at 13 Jul 2021 07:00
13 July 2021
Bushveld Minerals Limited
("Bushveld Minerals" "Bushveld" or the "Company")
Posting of accounts and notice of general meeting
Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa, confirms that it has posted its Report and Accounts for the twelve months ended 31 December 2020 (the "Annual Report") and Notice of AGM to shareholders.
The Annual General Meeting will be held at 11.00 a.m. on 5 August 2021 at Oak House, Hirzel Street, St Peter Port, Guernsey GY1 3RH.
The Annual Report is available on, and can be downloaded from the Company's website: http://www.bushveldminerals.com/financial-reports/
ENDS
For further information please contact:
Enquiries: info@bushveldminerals.com
Bushveld Minerals Limited | +27 (0) 11 268 6555 | |
Fortune Mojapelo, Chief Executive Officer | ||
Chika Edeh, Head of Investor Relations | ||
SP Angel Corporate Finance LLP | Nominated Adviser & Broker | +44 (0) 20 3470 0470 |
Richard Morrison / Charlie Bouverat | ||
Grant Baker / Richard Parlons | ||
Peel Hunt Limited | Joint Broker | +44 (0) 20 7418 8900 |
Ross Allister / Alexander Allen | ||
Tavistock | Financial PR | +44 (0) 207 920 3150 |
Gareth Tredway / Annabel de Morgan / Tara Vivian-Neal |
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a low-cost, vertically integrated primary vanadium producer. It is one of only three operating primary vanadium producers, owning 2 of the world's 4 operating primary vanadium processing facilities. In 2020, the Company produced more than 3,600 mtV, representing approximately three per cent of the global vanadium market. With a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors, the Company participates in the entire vanadium value chain through its two main pillars: Bushveld Vanadium, which mines and processes vanadium ore; and Bushveld Energy, an energy storage solutions provider. Bushveld Vanadium is targeting to materially grow its vanadium production and achieve an annualised steady state production run rate of between 5,000 mtVp.a. and 5,400 mtVp.a by the end of 2022, from projects currently being implemented. Beyond that, pre-feasibility studies are in progress to determine the optimal path to increase production even further to a steady state production run rate of between 6,400 mtVp.a. and 6,800 mtVp.a. in the medium-term and to a steady state production run rate of 8,400 mtVp.a in the long term.
Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through the advancement of vanadium-based energy storage systems, specifically Vanadium Redox Flow Batteries ("VRFBs").
Detailed information on the Company and progress to date can be accessed on the website www.bushveldminerals.com