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Bushveld Minerals completes transition to Vanadium producer after Vametco buy-out

Fortune Mojapelo, chief executive of Bushveld Minerals Ltd (LON:BMN) tells Proactive they're to take control of the Vametco vanadium project in South Africa through the buy-out of partner Yellow Dragon.

Shareholders will need to approve a reverse takeover that will see Bushveld pay US$11.1mln in cash and shares for Yellow Dragon’s 55% of their BVL joint venture.

Quick facts: Bushveld Minerals Ltd

Price: 13.375 GBX

LSE:BMN
Market: LSE
Market Cap: £154.21 m
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Bushveld Minerals 'still greatly undervalued' - CEO Fortune Mojapelo

Fortune Mojapelo, chief executive of Bushveld Minerals Ltd (LON:BMN), caught up with Proactive's Andrew Scott while in London to update on developments across the business. This month Bushveld Minerals Ltd’s (LON:BMN) partnership with South African electricity utility Eskom received its...

on 16/7/18

2 min read