APPOINTMENT OF JOINT BROKER

RNS Number : 0054S

Bushveld Minerals Limited

16 December 2016

 

16 December 2016

Bushveld Minerals Limited

("Bushveld" or "the Company")

APPOINTMENT OF JOINT BROKER

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in South Africa and Madagascar has appointed SP Angel Corporate Finance LLP as Joint Broker to the Company with immediate effect.

Strand Hanson Limited remains the Company's Nominated Adviser and Beaufort Securities Ltd remains the Company's Joint Broker.

Fortune Mojapelo, CEO of Bushveld Minerals, commented: "Bushveld is pleased to have secured the services of SP Angel as joint broker to complement the outstanding work Beaufort Securities has done to date. We welcome SP Angel in line with our joint brokers policy as we look forward to working with all our advisers in the new year to continue to execute on the Company's strategy."

Enquiries: [e-mail]

Bushveld Minerals
Fortune Mojapelo	[phone]
Joint Brokers:
Beaufort Securities
Jon Bellis	[phone]
SP Angel Corporate Finance
Ewan Leggat	[phone]
Strand Hanson (Nominated Advisor)
Andrew Emmott	[phone]
Blytheweigh (Financial Public Relations)
Tim Blythe / Camila Horsfall / Nick Elwes	[phone]
Gabriella von llle (South Africa)	[phone]

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 includes the 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

 

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