Trading Suspension

Bushveld Minerals Limited

18 November 2024

 

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 :  [e-mail]

Bushveld Minerals Limited		[phone]
Craig Coltman, Chief Executive Officer
SP Angel Corporate Finance LLP	Nominated Adviser & Joint Broker	[phone]
Richard Morrison / Charlie Bouverat
Grant Barker / Abigail Wayne
Hannam & Partners	Joint Broker	[phone]
Andrew Chubb / Matt Hasson / Jay Ashfield
Tavistock	Financial PR	[phone]
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

 

END