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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ironveld Plc | LSE:IRON | London | Ordinary Share | GB0030426455 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0675 | 0.067 | 0.068 | 0.0675 | 0.0675 | 0.0675 | 3,347,730 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Scrap & Waste Materials-whsl | 103k | -435k | -0.0001 | -7.00 | 2.75M |
TIDMIRON
RNS Number : 6161V
Ironveld PLC
11 August 2022
Ironveld plc
Commencement of work at Smelter site
Ironveld plc ("Ironveld" or the "Company") is delighted to announce that, following successful completion of the recent placing to raise gross proceeds of GBP4.5 million, its team of specialist contractors has now commenced work at the FCF Smelter site in Rustenburg, South Africa.
The focus in the initial weeks will be site clean-up and security, as well as water, electrical and gas supply servicing and safety checks. In addition, mechanical, electrical and structural compliance checks and statutory certification will be completed. Following this, the planned refurbishment and upgrades across the facility, which will allow the first of the three furnaces to commence production, will be undertaken. The planned refurbishment will take six to nine months, as previously announced by the Company.
Final contracts for completion of the acquisition are progressing well. Ironveld has been permitted by the Business Rescue Practitioners (Tayfin Forensic and Investigative Auditors) and the sole creditor to gain access to the smelter facility at this early stage in order to progress with the refurbishment as time efficiently as possible.
**ENDS**
For further information, please contact:
Ironveld plc c/o BlytheRay Giles Clarke, Chairman +44 20 7138 3204 Martin Eales, Chief Executive Officer finnCap (Nomad and Joint Broker) Christopher Raggett / Charlie Beeson +44 20 7220 0500 Turner Pope (Joint Broker) James Pope/Andrew Thacker +44 20 3657 0050 BlytheRay Tim Blythe / Megan Ray +44 20 7138 3204
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END
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(END) Dow Jones Newswires
August 11, 2022 02:00 ET (06:00 GMT)
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