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Bushveld Minerals Ltd

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Market:
LSE
Market Cap:
£148.96 m
Price
12.92 GBX
Change
-2.49%
52 weeks high
29.50
52 weeks low
7.75

Our Vision

Bushveld Minerals’ vision is to become one of the world’s most significant, lowest-cost, vertically-integrated primary vanadium producers with a diversified vanadium product portfolio. We intend to gain recognition for our operating efficiency and the value we create for all our stakeholders.

Our Mission

Bushveld Minerals is committed to generating value in a safe and sustainable way for all our stakeholders throughout the commodities cycle.

Our Strategy

Bushveld Minerals is committed to generating value in a safe and sustainable way for all of our stakeholders throughout the commodity cycle.

Bushveld Minerals’ strategy is:

To build a sustainable, cash-generating, low-cost production platform, comprising:

a) high-grade, opencast and low-cost primary vanadium mines; and

b) refurbished brownfield processing facilities, with a flexible and scalable low-cost production capability and a diversified vanadium product portfolio.

To leverage our large, low-cost production platform and build a leading downstream vanadium-based energy storage platform, which will have a pivotal role across the VRFB value chain as a supplier of electrolyte, a project developer and a VRFB technology champion.

Compelling commodity with attractive fundamentals

Bushveld Minerals’ primary vanadium resources offer significant growth potential. Our ore bodies comprise large, high-grade opencast deposits, with grades of 1.6 – 2.0 %V2O5 in-magnetite, which are among the highest in the world;

The Company’s 550 Mt (100% basis) combined resource is one of the largest in the world and is complemented by low-cost, scalable processing capacity;

Bushveld Minerals owns 2 of the world’s 4 operating primary vanadium processing facilities and has capacity to scale up production significantly, increasing its share of the vanadium market.

 

Quality Vanadium Assets

Bushveld Minerals’ primary vanadium resources consist of large, high-grade opencast deposits, with grades of 1.6 – 2 per cent V2O5 in magnetite, which are among the highest in the world and offer significant growth potential.

The company’s 550 Mt combined primary resource is one of the largest in the world and is complemented by low-cost, scalable processing capacity positioned in the lowest quartile of the cost curve, which we intend to operate to maximise efficiencies.

Bushveld Minerals owns two of the world’s four existing primary vanadium production processing facilities, and has capacity to scale up production significantly.

When Vanchem and Vametco’s expansion initiatives are complete, the group’s production platform will be more than 8,400 mtVp.a, increasing Bushveld Minerals’ share of the vanadium market.

Diverse Product Offering

Through Vametco and Vanchem, Bushveld Minerals produces Nitrovan, ferrovanadium, vanadium oxides and vanadium chemicals, which deliver a diversified revenue stream from the steel, chemicals and energy storage markets

Leading Position in VRFB Technology

Bushveld Minerals, through its subsidiary Bushveld Energy, focuses on VRFB technology within the stationary storage market. The energy storage market is expected to grow to US$50 billion by 2027

Vertical Integration

Bushveld Minerals’ vertical integration strategy allows it to mine, process and manufacture vanadium-based products in a single value chain and provides flexibility to maximise sales, depending on product demand dynamics;

We are leveraging our low-cost scalable production base to build a leading downstream vanadium-based energy storage platform, to enable us to play a key role across the VRFB value chain;

Vertical integration is key, not only for strengthening the vanadium demand profile from energy storage, but also for unlocking significant economic opportunities for the Company through a single value chain;

The Company’s vertical integration strategy will provide a natural hedge against volatility in the vanadium price, as the Group can supply the steel, chemicals and energy storage markets to maintain its solid position throughout the commodity cycle.

Leadership Team

Bushveld Minerals’ experienced leadership team provides a pool of skills and depth of experience that will enable it to achieve its targets;

The team has the necessary vanadium mining and processing experience to ensure targets are achieved;

The management team has a proven track record of value-creating transactions that have generated strong returns for shareholders;

Board composition is constantly reviewed to ensure strong corporate governance.

Governance

Bushveld Minerals is committed to high standards of corporate governance and applies the Quoted Companies Alliance Corporate Governance Code;

The Company continuously reviews its governance policies and is committed to improving its practices over time.

Sustainability

Bushveld Minerals is dedicated to maintaining sustainable mining and processing practices across all of our operations and projects. This includes ensuring our employees enjoy a healthy and safe working environment, that we operate in an environmentally and socially responsible manner, and that we add value to all stakeholders with whom we work;

The Company actively promotes the principles of the circular economy, developing the technical and commercial parameters to ensure that vanadium contained in VRFBs is re-used. VRFBs are one of the key solutions to integrate renewable energy globally and accelerate the rate of the energy transition.

Shareholder Returns

Bushveld Minerals is committed to delivering attractive returns to its shareholders. We apply a consistent and disciplined approach towards capital allocation to manage the Group’s growth initiatives.

Please click here to view the Bushveld management team 

Registered Office | 18-20 Le Pollet, St Peter Port, Guernsey

Principal Operating Address | 5 Harries Road

Illovo Edge Office Park

2nd Floor, Illovo 2196, South Africa

Investor Relations: Chika Edeh
Email. [email protected]

Please click here for Majot shareholders 

REGISTERED OFFICE

18-20 Le Pollet

St Peters Port

Guernsey GY1 1WH

PRINCIPAL OPERATING ADDRESS

2nd Floor, Building 3

Illovo Edge Office Park 5 Harries Road,

Illovo, Johannesburg, 2116, South Africa

NOMINATED ADVISOR & BROKER

SP Angel Corporate Finance LLP

Prince Frederick House 35-39 Maddox Street

London W1S 2PP

JOINT BROKER

BMO Capital Markets Limited

95 Queen Victoria Street

London, EC4V 4HG

JOINT BROKER

Alternative Resource Capital LLP,

8-10 Hill Street,

London, W1J 5NQ

SOLICITORS TO THE COMPANY AS TO ENGLISH LAW

Gowling WLG (UK) LLP

4 More London Riverside

London SE1 2AU

LEGAL COUNSEL TO THE COMPANY AS TO GUERNSEY LAW

Carey Olsen, Carey House

Les Banques

St Peter Port, Guernsey GY1 4BZ

LEGAL COUNSEL TO THE COMPANY AS TO SOUTH AFRICA LAW

Edward Nathan Sonnenbergs

150 West Street, Sandown, Sandton

Johannesburg 2196, South Africa