Bushveld Minerals Limited Holding(s) in Company (5175K)

TIDMBMN

RNS Number : 5175K

Bushveld Minerals Limited

05 May 2022

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.

05 May 2022

Bushveld Minerals Limited

("Bushveld Minerals" "Bushveld" or the "Company")

Holdings in Company

Bushveld Minerals (AIM: BMN), the AIM quoted integrated primary vanadium producer and energy storage solutions provider, was notified on 04 May 2022 that Grafton Commodity Trading Limited ("Grafton Commodity Trading") no longer holds a notifiable interest in the Company's shares.

For details on how Grafton Commodity Trading's shareholding changed, please see the table below.

 
 Date on which      Number of shares   % of voting rights    Total number 
  the threshold      held               attached to shares    of voting rights 
  was crossed                                                 of issuer 
 18 January 2022    62,718,012         4.98%                 1,259,788,857 
                   -----------------  --------------------  ------------------ 
 01 March 2022      49,485,520         3.92%                 1,261,969,177 
                   -----------------  --------------------  ------------------ 
 04 March 2022      35,234,724         2.79%                 1,261,969,177 
                   -----------------  --------------------  ------------------

ENDS

Enquiries: info@bushveldminerals.com

 
                                                          +27 (0) 11 268 
Bushveld Minerals Limited                                  6555 
Fortune Mojapelo, Chief Executive 
 Officer 
Andrew Mari, Investor Relations 
 
                                      Nominated Adviser   +44 (0) 20 3470 
SP Angel Corporate Finance LLP         & Broker            0470 
Richard Morrison / Charlie Bouverat 
Grant Baker / Richard Parlons 
 
Tavistock                             Financial PR 
Gareth Tredway / Tara Vivian-Neal/                        +44 (0) 207 920 
 Adam Baynes                                               3150

ABOUT BUSHVELD MINERALS LIMITED

Bushveld Minerals is a low-cost, vertically integrated primary vanadium producer. It is one of only three operating primary vanadium producers, owning 2 of the world's 4 operating primary vanadium processing facilities. In 2021, the Company produced more than 3,592 mtV, representing approximately three per cent of the global vanadium market. With a diversified vanadium product portfolio serving the needs of the steel, energy and chemical sectors, the Company participates in the entire vanadium value chain through its two main pillars: Bushveld Vanadium, which mines and processes vanadium ore; and Bushveld Energy, an energy storage solutions provider. Bushveld Vanadium is targeting to materially grow its vanadium production and achieve an annualised steady state production run rate of between 5,000 mtVp.a. and 5,400 mtVp.a by the end of 2022, from projects currently being implemented. Beyond that, pre-feasibility studies, currently under review, are to determine the optimal path to increase production even further to a steady state production run rate of between 6,400 mtVp.a. and 6,800 mtVp.a. in the medium-term and to a steady state production run rate of 8,400 mtVp.a in the long term.

Bushveld Energy is focused on developing and promoting the role of vanadium in the growing global energy storage market through the advancement of vanadium-based energy storage systems, specifically Vanadium Redox Flow Batteries ("VRFBs").

Detailed information on the Company and progress to date can be accessed on the website www.bushveldminerals.com

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END

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May 05, 2022 11:31 ET (15:31 GMT)

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