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
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Bushveld Minerals Limited
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+27 (0) 11
268 6555
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Craig Coltman, Chief Executive Officer
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SP
Angel Corporate Finance LLP
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Nominated Adviser & Joint Broker
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+44 (0) 20
3470 0470
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Richard Morrison / Charlie
Bouverat
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Grant Barker / Abigail
Wayne
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Hannam & Partners
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Joint Broker
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+44 (0) 20
7907 8500
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Andrew Chubb / Matt
Hasson / Jay Ashfield
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Tavistock
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Financial PR
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+44 (0)
207 920 3150
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Gareth Tredway / Tara
Vivian-Neal / James Whitaker
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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