ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

BMN Bushveld Minerals Limited

1.25
0.05 (4.17%)
Last Updated: 10:36:03
Delayed by 15 minutes
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
  0.05 4.17% 1.25 1.20 1.30 1.25 1.175 1.20 5,699,776 10:36:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Minrls,earths-ground,treated 151.18M -38.97M -0.0166 -0.75 29.29M

Bushveld Minerals Limited General meeting results (8086G)

27/11/2020 3:06pm

UK Regulatory


Bushveld Minerals (LSE:BMN)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Bushveld Minerals Charts.

TIDMBMN

RNS Number : 8086G

Bushveld Minerals Limited

27 November 2020

Market Abuse Regulation ("MAR") Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

27 November 2020

Bushveld Minerals Limited

("Bushveld Minerals", "Bushveld" or the "Company")

General meeting results

Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage provider, with ownership of high-grade assets in South Africa, is pleased to announce that all resolutions put to shareholders at the General Meeting held earlier today were duly passed.

 
 No           Ordinary Resolutions                                   Votes 
                                               In favour    Against          Withheld 
                                             ------------  ---------  --------------- 
      That the Directors be authorised 
       to exercise all powers of the 
       Company to issue up to 50,000,000 
       Ordinary Shares, pursuant on 
       the conversion of any Convertible 
       Notes issued pursuant to the 
 1     Convertible Loan Note Instrument       182,459,178   743, 417      224,172 
     --------------------------------------  ------------  ---------  --------------- 
      Subject to the passing of Resolutions 
       1 and 2 the Directors be are 
       authorised to exercise all 
       powers of the Company to issue, 
       grant rights to subscribe for, 
       or to convert any securities 
       into, up to 115,297,268 ordinary 
       shares (in the capital of the 
       Company being approximately 
 3     ten per cent.                          182,341,215   843,418       242,134 
     --------------------------------------  ------------  ---------  --------------- 
      Special Resolutions 
     --------------------------------------  ------------  ---------  --------------- 
      That, subject to the passing 
       of Resolution 1, the Directors 
       of the Company be and are hereby 
       authorised to exercise all 
       powers of the Company to issue 
       up to 50,000,000 Conversion 
       Shares in the capital of the 
       Company pursuant to the Conversion 
       as if the pre-emption rights 
       contained in Article 9.2 of 
       the Articles of Incorporation 
       of the Company did not apply 
 2     to such issue.                         182,459,178   749,417       224,172 
     --------------------------------------  ------------  ---------  --------------- 
      That, subject to the passing 
       of Resolutions 1, 2 and 3, 
       the Directors of the Company 
       be and are hereby authorised 
       to exercise all powers of the 
       Company to issue or grant Equity 
       Securities in the capital of 
       the Company pursuant to the 
       issue or grant referred to 
 4     in Resolution 3                        182,332,715   856,918       237,134 
     --------------------------------------  ------------  ---------  --------------- 
 

ENDS

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 
Abigail Wayne / Richard Parlons 
 
BMO Capital Markets Limited         Joint Broker                 +44 (0) 20 7236 1010 
Tom Rider / Michael Rechsteiner 
 / 
Neil Elliot 
 
Peel Hunt Limited                   Joint Broker                 +44 (0) 20 7418 8900 
Ross Allister / Alexander 
 Allen 
 
Tavistock                           Financial PR 
Charles Vivian / Gareth Tredway 
 / 
 Edward Lee                                                      +44 (0) 207 920 3150 
 
 

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a low-cost, integrated, primary vanadium producer, with ownership of high-grade vanadium assets.

The Company's flagship vanadium platform includes a 74 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; 100 per cent of Bushveld Vanchem, a primary vanadium processing facility with a beneficiation plant; the Mokopane Vanadium Project and the Brits Vanadium Project.

Bushveld's vision is to become a significant, low-cost, integrated primary vanadium producer through owning high grade assets. Whilst the demand for vanadium remains largely anchored in the steel industry, Bushveld Minerals believes there is strong potential for an imminent and significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries. Bushveld Energy, the Company's energy storage solutions provider, plays a leading role in the development and promotion of the role of vanadium in this market.

The Company's approach to project development recognises that, whilst attractive project economics are imperative, they may be insufficient to secure capital to bring them to account. A clear path to production within a visible timeframe, low capital expenditure requirements and scalability are important factors in ensuring a positive return on investment. This philosophy is core to the Company's strategy in developing projects.

Detailed information on the Company and progress to date can be accessed on the website www.bushveldminerals.com .

About Vametco

Vametco is located near Brits on the Western Limb of the Bushveld Complex. The integrated operation comprises a vanadium ore mine and a processing plant that produces mostly Nitrovan , a trademark product sold in major steel markets across the world. The mine lies adjacent to the Brits Vanadium Project, which will in future serve as an alternative source of near surface run of mine ("ROM") ore feed to the Vametco plant.

The Vametco mining operation uses open pit bench mining methods to mine a well-defined orebody. The deposit is continuous with limited faulting and dips in a northerly direction at approximately 19 degrees.

ROM ore is fed into a primary, secondary and tertiary crushing circuit, followed by milling and magnetic separation to produce magnetite concentrates. The magnetite concentrates are fed into the extraction process which includes the kiln for roasting followed by leaching and precipitation. Thereafter the precipitated vanadium as ammonium metavanadate is converted to modified vanadium oxide ("MVO") in rotary calciners. MVO is fed into the mix plant and finally into the shaft furnaces to produce Nitrovan.

About Vanchem

Vanchem is situated at Ferrobank Industrial Park in Emalahleni Local Municipality, Mpumalanga Province in the Republic of South Africa. Vanchem is a primary vanadium producing facility with a beneficiation plant capable of producing various vanadium oxides, ferrovanadium and vanadium chemicals. Vanchem uses the salt roast beneficiation process, similar to the one used at Vametco. The plant comprises: a core salt-roast processing plant, including 3 roasting kilns, an electric smelting ferrovanadium converter, an alumino-thermic smelting facility, also located at Highveld, a vanadium chemical plant; and a rail siding linking the plant with Bushveld deposits and additional potential supply sources through the national rail network.

About Bushveld Energy Limited

Bushveld Energy is a leading energy storage solutions provider, focusing on the African market. Bushveld Energy recognises that electricity in Africa intersects paramount potential for social transformation with an immense commercial opportunity.

Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through application in vanadium redox flow batteries. Its near term strategy is to deploy several VRFB systems as part of its longer term vision to become a significant electricity storage provider in Africa, meeting the demand for utility scale energy storage in Africa by leveraging South Africa-mined and beneficiated vanadium.

http://www.bushveldenergy.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMEDLFLBFLBFBX

(END) Dow Jones Newswires

November 27, 2020 10:06 ET (15:06 GMT)

1 Year Bushveld Minerals Chart

1 Year Bushveld Minerals Chart

1 Month Bushveld Minerals Chart

1 Month Bushveld Minerals Chart

Your Recent History

Delayed Upgrade Clock