Bushveld Minerals Limited Trading Suspension
18 Noviembre 2024 - 1:00AM
RNS Regulatory News
RNS Number : 5849M
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 : info@Bushveldminerals.com
Bushveld Minerals Limited
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+27 (0) 11 268 6555
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Craig Coltman, Chief Executive Officer
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SP
Angel Corporate Finance LLP
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Nominated Adviser & Joint Broker
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+44 (0) 20 3470 0470
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Richard Morrison / Charlie
Bouverat
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Grant Barker / Abigail
Wayne
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Hannam & Partners
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Joint Broker
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+44 (0) 20 7907 8500
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Andrew Chubb / Matt
Hasson / Jay Ashfield
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Tavistock
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Financial PR
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+44 (0) 207 920 3150
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Gareth Tredway / Tara
Vivian-Neal / James Whitaker
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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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END
SUSGPGWAGUPCPUM
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