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Game changing Bushveld Minerals Limited transaction closer to completion after share sale

Fortune Mojapelo, chief executive of Bushveld Minerals Limited (LON:BMN) says this week’s £580,000 share placing will fund ongoing working capital for its value-unlocking tin interests, and the Imaloto coal project in Madagascar.
Critically it will assist the Vametco vanadium mine and processing plant acquisition which Mojapelo describes as “a major coup, and the manner in which it has been amended is very positive and assists with making it even more fundable.”
The aim is to complete the transaction “in the near future,” and allay any concerns investors may have had about another share placing. Mojapelo emphasises the Vametco purchase is “a very critical transaction for us …which we believe will make a big difference for our shareholders.”
The near term strategy for Bushveld Minerals is to be recognised as not “just another exploration company,” but “a very significant producing integrated vanadium platform with the significant position in the global market.”

 
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