viewBushveld Minerals Ltd

Bushveld secures £19mln in financing

The vanadium producer said the package of 375mln South African Rand encompassed a 250mln Rand loan and a 125mln Rand credit facility

Bushveld Minerals Limited - Bushveld secures £19mln in financing
The loan if for five years while the credit facility will cover a three-year term

Bushveld Minerals Limited (LON:BMN) has secured 375mln South African Rand (£19.4mln) in funding through a loan and a revolving credit facility.

The vanadium producer said the loan encompassed 250mln Rand over five years, while the 125mln Rand credit facility will be for a three-year term.

READ: Bushveld Minerals trims price for Vanchem acquisition

"We are pleased to announce the successful conclusion of the debt facility discussions. The funding provides additional flexibility for our business as we advance strategic initiatives at Bushveld Vanadium and Bushveld Energy”, said Bushveld chief executive Fortune Mojapelo.

“The Company is committed to maintaining a conservative balance sheet and believes shareholders will benefit from the improved capital structure", the CEO added.

In late-afternoon trading, Bushveld’s shares were 3.4% lower at 23p.

Quick facts: Bushveld Minerals Ltd

Price: 12.95 GBX

Market: LSE
Market Cap: £149.31 m

Add related topics to MyProactive

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


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...



Bushveld Energy, as part of a consortium of investors, increases investment...

Bushveld Minerals (LON:BMN) subsidiary Bushveld Energy CEO Mikhail Nikomarov joined Steve Darling from Proactive Vancouver to discuss the company acquiring more of a stake in Enerox Holdings. That company is a maker of Vanadium Redox Flow Batteries. Nikomarov telling Proactive why they decided...

2 hours, 8 minutes ago

2 min read