logo-loader
viewBushveld Minerals Ltd

Bushveld’s AfriTin spin-off moves closer to listing on AIM

It's official: Bushveld's tin spin-out is underway

1508744819_Directors---generic---blurred.jpg
The IPO will involve a £2 mln fundraising

AfrTin, the tin specialist being spun off by Bushveld Minerals Limited (LON:BMN), will list on AIM shortly, following shareholder approval of the demerger granted on 20 October 2017.

The assets currently held in the Greenhills subsidiary will debut on AIM shortly, following a  proposed £2 mln fundraising via a placing.

READ: Bushveld Minerals pushes ahead with tin float

The plan is to create a company capable of building a critical mass of tin resources with a near term production outlook.

AfriTin's key assets will include an 85% interest in the Uis tin project in Namibia, a brownfield near term production opportunity, which was once the largest open cast tin mine of its kind in the world.

The company will also hold portfolio of tin assets in South Africa which include the Mokopane tin project and the Zaaiplaats tin tailings project.

READ: Bushveld raises up to £8 mln in new money through convertible bonds

AfriTin aims to take advantage of an ongoing global deficit for tin and to become the first Aim-traded tin mining company and an African tin champion.

Quick facts: Bushveld Minerals Ltd

Price: 19.25 GBX

LSE:BMN
Market: LSE
Market Cap: £221.95 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bushveld Minerals Ltd named herein, including the promotion by the Company of Bushveld Minerals Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Bushveld Minerals granted mining permit for Mokopane

Headlines from the Proactive UK newsroom. Bushveld Minerals (LON:BMN) has been granted a mining permit for its Mokopane deposit in South Africa.  Mokopane is one of the world's largest primary vanadium resources.  Shield Therapeutics (LON:STX) is to present data further...

on 22/10/19

2 min read