Bushveld Minerals Limited Result of General Meeting (2252U)
20 October 2017 - 10:55PM
UK Regulatory
TIDMBMN
RNS Number : 2252U
Bushveld Minerals Limited
20 October 2017
20 October 2017
Bushveld Minerals Limited
("Bushveld Minerals" or the "Company")
Result of General Meeting
Bushveld Minerals (AIM: BMN), a diversified mineral development
company with a portfolio of vanadium, tin and coal assets in
Southern Africa, announces that all resolutions put to the
shareholders to approve the demerger of the Company's tin assets
(the "Demerger") at the General Meeting held earlier today were
duly passed. Further announcements regarding the Demerger will be
made, as appropriate, in due course.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulations (EU) No. 596/2014.
Enquiries: info@bushveldminerals.com
Bushveld Minerals
Fortune Mojapelo +27 (0) 11 268 6555
SP Angel Corporate Finance
Ewan Leggat +44 (0) 20 3470 0470
Beaufort Securities
Jon Belliss +44 (0) 20 7382 8300
Blytheweigh
Tim Blythe / Camila Horsfall +44 (0) 20 7138 3204
Gabriella von llle +27 (0) 711 121 907
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a diversified AIM listed mineral
development company with a portfolio of vanadium, iron ore, tin and
coal greenfield assets in Southern Africa and Madagascar. The
Company's flagship platform, the vanadium platform, includes the
Mokopane Vanadium Project, the Brits Vanadium Project, and the
Bushveld Iron Ore & Titanium Project. The tin platform
comprises the Mokopane Tin Project whereas the Imaloto Coal
Project, which is being developed as one of Madagascar's leading
independent power producers, makes up the Company's coal
platform.
The Company's vision is to become the largest low cost
integrated primary vanadium producer through owned low-cost
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 a slow growing steel industry, Bushveld Minerals believes there
is a strong potential for imminent significant global vanadium
demand surge from the fast-growing energy storage market,
particularly through the use and adoption of Vanadium Redox Flow
Batteries.
Bushveld Minerals' 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 with a visible timeframe, low capex requirements
and scalability are important factors in retaining an attractive
exit option. 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 company news service from the London Stock Exchange
END
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