Holding(s) in Company

RNS Number : 5175K

Bushveld Minerals Limited

05 May 2022

 

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. 

05 May 2022 

Bushveld Minerals Limited

("Bushveld Minerals" "Bushveld" or the "Company")

Holdings in Company

Bushveld Minerals (AIM: BMN), the AIM quoted integrated primary vanadium producer and energy storage solutions provider, was notified on 04 May 2022 that Grafton Commodity Trading Limited ("Grafton Commodity Trading") no longer holds a notifiable interest in the Company's shares.

For details on how Grafton Commodity Trading's shareholding changed, please see the table below.

Date on which the threshold was crossed	Number of shares held	% of voting rights attached to shares	Total number of voting rights of issuer
18 January 2022	62,718,012	4.98%	1,259,788,857
01 March 2022	49,485,520	3.92%	1,261,969,177
04 March 2022	35,234,724	2.79%	1,261,969,177

ENDS

Enquiries: [e-mail]

Bushveld Minerals Limited		[phone]
Fortune Mojapelo, Chief Executive Officer
Andrew Mari, Investor Relations
SP Angel Corporate Finance LLP	Nominated Adviser & Broker	[phone]
Richard Morrison / Charlie Bouverat
Grant Baker / Richard Parlons
Tavistock	Financial PR
Gareth Tredway / Tara Vivian-Neal/ Adam Baynes		[phone]

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a low-cost, vertically integrated primary vanadium producer. It is one of only three operating primary vanadium producers, owning 2 of the world's 4 operating primary vanadium processing facilities. In 2021, the Company produced more than 3,592 mtV, representing approximately three per cent of the global vanadium market. With a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors, the Company participates in the entire vanadium value chain through its two main pillars: Bushveld Vanadium, which mines and processes vanadium ore; and Bushveld Energy, an energy storage solutions provider. Bushveld Vanadium is targeting to materially grow its vanadium production and achieve an annualised steady state production run rate of between 5,000 mtVp.a. and 5,400 mtVp.a by the end of 2022, from projects currently being implemented. Beyond that, pre-feasibility studies, currently under review, are to determine the optimal path to increase production even further to a steady state production run rate of between 6,400 mtVp.a. and 6,800 mtVp.a. in the medium-term and to a steady state production run rate of 8,400 mtVp.a in the long term.

Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through the advancement of vanadium-based energy storage systems, specifically Vanadium Redox Flow Batteries ("VRFBs").

Detailed information on the Company and progress to date can be accessed on the website www.bushveldminerals.com  

 

END

 

 

HOLUVOVRURUVRAR