Orion Matched Funding Received

Source: RNS
RNS Number : 5866C
Bushveld Minerals Limited
02 September 2024
 

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

 

Bushveld Minerals Limited

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

Orion Matched Funding Received

Further to the Company's announcement on 28 June 2024 and on 14 August 2024, Bushveld Minerals Limited (AIM: BMN), the primary vanadium producer, is pleased to announce that it has received the US$10 million in matched funding from OMF Fund III (F) Limited ("Orion") and has begun work on cost cutting initiatives and development works to return the Company to profitability and secure its long-term future.

Further detail on these initiatives will be announced in due course.

 

Craig Coltman CEO of Bushveld Minerals commented:

"We are pleased to receive these funds from Orion to enable us to reduce long outstanding creditors balances and allow us to advance our turnaround strategy at Vametco."

 

 

 

 Enquiries:  info@Bushveldminerals.com

 

Bushveld Minerals Limited


+27 (0) 11 268 6555

Craig Coltman, Chief Executive Officer









SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

+44 (0) 20 3470 0470

Richard Morrison / Charlie Bouverat

 


Grant Barker / Abigail Wayne

 



 


Hannam & Partners

Joint Broker

+44 (0) 20 7907 8500

Andrew Chubb / Matt Hasson / Jay Ashfield

 



 


Tavistock

Financial PR

+44 (0) 207 920 3150

Gareth Tredway / Tara Vivian-Neal / James Whitaker



 

ABOUT BUSHVELD MINERALS LIMITED

 

Bushveld Minerals is a vertically integrated primary vanadium producer, it is one of only three operating primary vanadium producers. In 2022, the Company produced more than 3,800 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.

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