08:30 Fri 16 Aug 2019
Bushveld Minerals Ld - AfriTin Working Capital Support Financing - Update
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AfriTin Working Capital Support Financing - Update
On
In the unlikely event of default, Nedbank will first call on the suretyship of the parent company of the
The above is less onerous on
the terms agreed for the Working Capital Facility announced on the
Enquiries: info@bushveldminerals.com
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+27 (0) 11 268 6555 |
Fortune Mojapelo, Chief Executive Officer |
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Nominated Adviser & Broker |
+44 (0) 20 3470 0470 |
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Alternative Resource Capital |
Joint Broker |
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+44 (0) 207 186 9001 |
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+44 (0) 207 186 9004 |
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Joint Broker |
+44 (0) 20 7236 1010 |
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Tavistock |
Financial PR |
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+44 (0) 207 920 3150 |
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Brunswick |
Financial PR ( |
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Miyelani Shikwambana |
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+27 (0) 11 502 7300 |
ABOUT
The Company's flagship vanadium platform includes a 74 per cent controlling interest in
Bushveld's vision is to become a significant, low cost, integrated primary vanadium producer through owning high grade assets. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy, the Company's energy storage solutions provider. Whilst the demand for vanadium remains largely anchored in the steel industry,
While the Company's focus is on vanadium operations and the development and promotion of VRFBs, it has additional investments in coal, power and tin.
The Company's approach to project development recognises that, whilst attractive project economics are imperative, they are insufficient to secure capital to bring them to account. A clear path to production within a visible timeframe, low capital expenditure requirements and scalability are important factors in ensuring a positive return on investment. This philosophy is core to the Company's strategy in developing projects.
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
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