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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bushveld Minerals Limited | LSE:BMN | London | Ordinary Share | GG00B4TM3943 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.025 | -3.85% | 0.625 | 0.60 | 0.65 | 0.65 | 0.625 | 0.65 | 5,280,859 | 10:16:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Minrls,earths-ground,treated | 151.18M | -38.97M | -0.0166 | -0.37 | 14.53M |
TIDMBMN
RNS Number : 9184J
Bushveld Minerals Limited
16 December 2022
Market Abuse Regulation ("MAR") Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
16 December 2022
Bushveld Minerals Limited
("Bushveld Minerals" "Bushveld" or the "Company")
Board Changes
Bushveld Minerals Limited (AIM: BMN), the AIM-listed, integrated primary vanadium producer, announces that Ms Jacqueline Musiitwa will stand down from the Company's Board effective immediately, having accepted a role with the U.S. Agency for International Development ("USAID").
As part of her responsibility in taking up this public sector appointment, Ms Musiitwa is required to stand down from all her private sector roles, including as an Independent Non-Executive Director of Bushveld. Ms Musiitwa served as Chair of Bushveld Minerals' ESG Committee and as a member of the Remuneration Committee. David Noko has been appointed as Chair of the ESG Committee, no changes have been made to the Remuneration Committee.
The Company will commence the search for a replacement Independent Non-Executive Director in due course.
Michael Kirkwood, Interim Chairman of Bushveld Minerals commented : "On behalf of the Bushveld Board of directors I would like to congratulate Jacqueline on her appointment in this exciting position within the Office of the Chief Climate Officer at USAID and also thank her for her contribution to Bushveld. We wish her success in her new role."
ENDS
Enquiries: info@bushveldminerals.com
+27 (0) 11 268 Bushveld Minerals Limited 6555 Fortune Mojapelo, Chief Executive Officer Chika Edeh, Head of Investor Relations Nominated Adviser +44 (0) 20 3470 SP Angel Corporate Finance LLP & Broker 0470 Richard Morrison / Charlie Bouverat Grant Baker / Richard Parlons +44 (0) 20 7653 RBC Capital Markets Joint Broker 4000 Jonathan Hardy / Caitlin Leopold Tavistock Financial PR Gareth Tredway / Tara Vivian-Neal +44 (0) 207 920 / Mia Suma 3150
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 2021, the Company produced 3,592 mtV, representing approximately 3% 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. Growth plans to expand to 8,000 mtVp.a. will be pursued, subject to funding and market conditions.
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
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END
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December 16, 2022 02:00 ET (07:00 GMT)
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