Market Abuse Regulation ("MAR") Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
18 November 2024
Bushveld Minerals Limited
("Bushveld" or the "Company")
Trading Suspension
Further to the announcement of 08 November 2024, where the Company stated the Company's funds at hand were not currently sufficient to sustain its operations or meet its immediate liabilities, the Board of Bushveld Minerals (AIM: BMN), the AIM quoted, integrated primary vanadium producer, announces that discussions, with various stakeholders, have not been successful in securing additional funds to address the Company's liquidity position. As a consequence, the Company has engaged with a turnaround specialist to understand the prospects for business recovery and achieve the best outcome for all stakeholders and affected persons. Consequently, the Company has requested that trading in the Company's shares on the AIM market of the London Stock Exchange be suspended due to financial uncertainty.
Further announcements will be made shortly as appropriate.
Enquiries : info@Bushveldminerals.com
| Bushveld Minerals Limited | | +27 (0) 11 268 6555 |
| Craig Coltman, Chief Executive Officer | | |
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| SP Angel Corporate Finance LLP | Nominated Adviser & Joint Broker | +44 (0) 20 3470 0470 |
| Richard Morrison / Charlie Bouverat |
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| Grant Barker / Abigail Wayne |
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| Hannam & Partners | Joint Broker | +44 (0) 20 7907 8500 |
| Andrew Chubb / Matt Hasson / Jay Ashfield |
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| Tavistock | Financial PR | +44 (0) 207 920 3150 |
| Gareth Tredway / Tara Vivian-Neal / James Whitaker | | |
ENDS
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a primary vanadium producer. It is one of the world's three primary vanadium producers, offering compelling exposure to vanadium through its upstream asset.
Detailed information on the Company and progress to date can be accessed on the website www.bushveldminerals.com
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