Announcement • Dec 17
Bushveld Minerals Limited Provides Update on Extended Plant Maintenance Shutdown At Vametco Bushveld Minerals Limited informed by the Piers Marsden and Jenna Osborne of Matuson & Associates (Joint BRPs) that they have commenced an extended plant maintenance shutdown at Vametco, which will continue until end-March 2025. The shutdown aims to rebase the business to optimise the turnaround by fixing the critical parts of the business that will efficiently generate revenue and ensure future sustainability. This period will allow sufficient time to plan, procure, and install critical components for the maintenance and sustainable operation of the plant. Once the plant is back online, it is anticipated its reliability will be enhanced, and it will operate close to full capacity. Announcement • Oct 18
An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100. An undisclosed buyer agreed to acquire Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) on July 31, 2024. Bushveld Minerals received approval from the Development Bank of South Africa to dispose of Lemur Holdings Limited, including its $2.5 million debt. The disposal remains subject to certain outstanding conditions being met.
An undisclosed buyer completed the acquisition of Lemur Holding Limited from Bushveld Minerals Limited (AIM:BMN) for $100 on October 18, 2024. As a result of the completion of the Disposal, Bushveld is no longer liable for the outstanding $2.5 million debt owed to DBSA. Richard Morrison, Charlie Bouverat, Grant Barker, Abigail Wayne of SP Angel Corporate Finance LLP acted as financial advisors to Bushveld Minerals Limited (AIM:BMN). Announcement • Jul 31
Bushveld Minerals Limited Provides Production Guidance for the Year 2024 Bushveld Minerals Limited provided production guidance for the year 2024. For the year, the Group production guidance will be between 3,800 mtV and 4,000 mtV. Announcement • Jul 13
Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024 Bushveld Minerals Limited, Annual General Meeting, Aug 07, 2024. Location: oak house, hirzel street, st peter port, gy1 3rh, Guernsey Announcement • Apr 23
Bushveld Minerals Limited Provides an Updated Mineral Resources and Ore Reserves for the Vametco Vanadium Mine Near Britishs on the Western Limb of the Bushveld Complex Bushveld Minerals Limited provided an updated Mineral Resources and Ore Reserves for the Vametco vanadium mine near Brits on the Western Limb of the Bushveld Complex. The resources and reserve estimation was carried out by MSA Group Inc. in accordance with the terminology and definitions given in the JORC Code (2012). Key Highlights: The total Ore Reserves have increased by approximately 10% from the previous Ore Reserve estimate as at 31 December 2022. The Ore Reserves are reported as at the 31 December 2023 at 293,400 tonnes V2O5 in magnetite at a grade of 2.00% V2O5 (in magnetite). The combined Inferred and Indicated Mineral Resource comprises 3 Seams (The Lower, Intermediate and Upper Seams) and is reported as at the 31 December 2023 at 180.4 million tonnes (Mt) at an average grade of 1.98% V2O5 (in magnetite), with an average magnetite content of 35.0% (in whole rock) for 694.6 thousand tonnes of contained vanadium. The previously reported combined Inferred and Indicated Mineral Resource, as a 31 December 2022, was 181.5 Mt at an average grade of 1.98% V2O5 (in magnetite), with an average magnetite content of 35.0% (in whole rock) for 699.0 thousand tonnes of contained vanadium. Within this, the Ore Reserve in the Probable Category comprise 3 Seams (The Lower, Intermediate and Upper Seams) and is reported as 51.0 Mt at an average grade of 2.00% V2O5 (in magnetite), with an average magnetite content of 28.9% (in whole rock) for 164,300 tonnes of vanadium. The Lower Seam is the main ore seam and the thickest, ranging from 13.8 to 52.0 metres in thickness, comprising a Probable Reserve of 41.2 Mt at an average grade of 2.03% V2O5 (in magnetite), with an average magnetite content of 28.2% (in whole rock) for 132,200 tonnes of vanadium. The decrease in the total 2023 Mineral Resource, by 0.61% less tonnes than the 31 December 2022 estimate, is attributed to mining of the seams over the last 12 months. No Mineral Resource exploration was carried out over the period. The year-on-year depletion which was calculated to be 1.1 Mt, was offset by an increase in tonnage through improved definition of the existing pit design (1.7 Mt) and an adjustment to the modifying factors (4.1 Mt), resulting in an increase in the total Ore Reserves from 46.4 Mt to 51.0 Mt as at 31 December 2023. The Ore Reserve modifying factors (mining loss and dilution) were adjusted based on pit to plant reconciliation production data supplied by Bushveld Vametco Alloys (Pty). Ltd. This resulted in a significant increase in the Upper Seam ore tonnes from 36.2 Mt to 41.2 Mt. Announcement • Dec 21
Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited. Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on October 30, 2023. Bushveld will issue 232.83 million shares along with payment of ZAR 18 million in cash to BVI 1833.Completion of the Transaction also secures fulfilment of a key condition precedent to the Orion Convertible Loan Note Refinancing agreement, announced on 27 November 2023.The Transaction is subject to South African Reserve Bank approval, which is expected to be received within 6 weeks. As on December 19, 2023, Bushveld Minerals has met all the necessary conditions and received final approval from the South African Reserve Bank. Completion of the Transaction will take place on the later of the fifth business day following SARB approval being granted or the Company publishing an announcement to confirm completion of the Company's debt restructuring transaction. Following completion of the Transaction, BVH will apply to the Minister of Mineral Resources and Energy to amend and update the BVH Mining Right to reflect the updated ownership structure. Richard Morrison, Charlie Bouverat, Grant Baker, Richard Parlons of SP Angel Corporate Finance LLP acted as financial advisors to Bushveld Minerals Limited (AIM:BMN).
Bushveld Minerals Limited (AIM:BMN) completed the acquisition of remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on December 19, 2023. Announcement • Dec 14
Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million. Bushveld Minerals Limited has completed a Follow-on Equity Offering in the amount of £14.654696 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 486,038,755
Price\Range: £0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,451,114
Price\Range: £0.03
Transaction Features: Subsequent Direct Listing Announcement • Dec 01
Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million. Bushveld Minerals Limited has filed a Follow-on Equity Offering in the amount of £17.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 530,000,000
Price\Range: £0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 66,666,667
Price\Range: £0.03
Transaction Features: Subsequent Direct Listing Announcement • Nov 30
Bushveld Minerals Limited, Annual General Meeting, Dec 21, 2023 Bushveld Minerals Limited, Annual General Meeting, Dec 21, 2023, at 10:00 Coordinated Universal Time. Announcement • Nov 18
Bushveld Minerals Limited Announces Executive Changes The board of Bushveld Minerals announced that Ms. Tanya Chikanza, finance director has on 16 November 2023 tendered her resignation in accordance with the provisions of her employment contract, which requires that she provide the company with 6 months' notice. The board further announced that the company is investigating Ms. Chikanza regarding alleged misconduct relating to failure to disclose a material conflict of interest. Given Ms. Chikanza's resignation, the company has suspended her from her contractual appointment with immediate effect, pending the outcome of an independent disciplinary process that will now follow. Ms. Janandre Lamprecht will assume the role of acting chief financial officer and the company will initiate a comprehensive search for a replacement Finance Director. Ms. Lamprecht is a Chartered Accountant who began her career at PricewaterhouseCoopers and has extensive experience in the mining industry having worked for listed international mining houses in multiple jurisdictions. Ms. Lamprecht has been with the Company since August 2022 and previously led the Group's financial accounting, reporting and tax functions. Announcement • Nov 17
Bushveld Minerals Limited Announces Resignation of Tanya Chikanza as Board Member The board of Bushveld Minerals announces that Ms. Tanya Chikanza, board member has on 16 November 2023 tendered her resignation in accordance with the provisions of her employment contract, which requires that she provide the company with 6 months' notice. Announcement • Oct 31
Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited. Bushveld Minerals Limited (AIM:BMN) signed an agreement to acquire remaining 26% stake in Vametco Vanadium Mine from Business Venture Investments 973 Proprietary Limited and Business Venture Investments No. 1833 Proprietary Limited on October 30, 2023. Announcement • Sep 13
Bushveld Minerals Limited announced that it has received $12.5 million in funding Bushveld Minerals Limited announced that it has raised $12.5 million in an equity round of funding on September 11, 2023. The transaction included participation from Southern Point Resources. Announcement • Jun 27
Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023 Bushveld Minerals Limited, Annual General Meeting, Aug 02, 2023, at 11:00 Coordinated Universal Time. Location: Oak House, Hirzel Street, St Peter Port, Guernsey, GY1 3RH St Peter Port Guernsey Agenda: To receive and adopt the Annual Financial Statements of the Company and the Directors report and the report of the Auditors for the financial year ended 31 December 2022; To approve the Directors' fees as reflected in the Remuneration Report and in note 35 of the Annual Financial Statements; to consider Messrs RSM UK Audit LLP be reappointed as Auditors to the Company; to consider the Directors be authorised to approve the remuneration of the Company's Auditors; to consider Michael Kirkwood shall be re-elected as a Director, having retired by rotation and offered himself for re-election; and to consider other business matters.