Bushveld Minerals appoints liquidators amid financial difficulties
11th Apr 2025 14:27
(Alliance News) - Bushveld Minerals Ltd on Friday said it has appointed liquidators and will cancel trading of its share on AIM. Read More
(Alliance News) - Bushveld Minerals Ltd on Friday said it has appointed liquidators and will cancel trading of its share on AIM. Read More
(Alliance News) - Bushveld Minerals Ltd announced on Wednesday that Chief Executive Officer Craig Coltman and Non-Executive Director Michael Kirkwood are to leave their positions, halving the size of its board. Read More
(Alliance News) - Bushveld Minerals Ltd reported on Friday that a USD798,000 loan owed by its subsidiary, Bushveld Vanchem Pty Ltd, to a fellow subsidiary, Bushveld Vanadium 2 Pty Ltd, had not been paid and was in default. Read More
(Alliance News) - Bushveld Minerals Ltd said on Tuesday that its principal subsidiaries have entered into business rescue, following Monday's AIM trading halt. Read More
(Alliance News) - Bushveld Minerals Ltd shares were suspended from trading on AIM on Monday "due to financial uncertainty". Read More
(Alliance News) - Stock prices in London were lower midday on Friday after further stimulus from China "failed to move the needle", and yesterday's rate cuts are tempered by the possible implications of the second Trump US presidency. Read More
(Alliance News) - Bushveld Minerals Ltd on Friday said it has suspended guidance for the rest of this year, as a result of its ongoing liquidity issues. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
Bushveld Minerals Ltd - vanadium producer operating the Vanchem and Vametco processing facilities in South Africa - Withdraws its full-year production guidance for 2024 following "liquidity issues". The company previously forecast group production between 3,800 and 4,000 metric tonnes vanadium, which represented a year-on-year reduction of 400 mtV, but now "finds itself in a position whereby it is unable to continue operating at current production levels". It has begun a controlled slowdown of production at its Vametco facility, the duration of which depends on the receipt of further funding from the sale of its Vanchem facility earlier this year. Bushveld Minerals will address the impact on production guidance in more detail in its third-quarter update at the beginning of November. Read More
Bushveld Minerals Ltd - vanadium producer operating the Vanchem and Vametco processing facilities in South Africa - Confirms it has met all the conditions related to its receipt of approval for the disposal of Lemur Holdings Ltd from the Development Bank of South Africa, as announced in its interim results on September 17. As a result, it is no longer liable for the outstanding approximately USD2.5 million in debt owed to the DBSA, and will receive a total consideration of USD100. Read More
(Alliance News) - Bushveld Minerals Ltd on Tuesday said it has begun to launch cost-cutting initiatives and development works to restore the company to profitability. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News: Read More
Bushveld Minerals Ltd - Vanadium producer operating the Vanchem and Vametco processing facilities in South Africa - Receives USD2 million from Southern Point Resources Fund as final instalment of the USD12 million interim working capital facility announced in May. Further, OMF Fund IIl will match the funds, subject to approval by the South African Reserve Bank, as part of its June agreement to match up to USD10 million dollars in monies provided by SPR to Bushveld. Read More
(Alliance News) - Bushveld Minerals Ltd on Tuesday said it has agreed a deal with Southern Point Resources Fund I SA LP to sell Vanchem for up to USD40.6 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Bushveld Minerals Ltd - vanadium producer operating the Vanchem and Vametco processing facilities in South Africa - Receives a further ZAR56.3 million, around USD3.0 million, from Southern Point Resources Ltd as an interest-free loan. This brings the total paid to Bushveld by the South Africa-focused investment fund to USD12.5 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Bushveld Minerals Ltd - Vanadium producer operating in South Africa - Receives an additional ZAR76 million, around GBP3.2 million, from Southern Point Resources Ltd, a London-based investment fund. The payment is part of a subscription agreed between the pair in December for GBP9.9 million, which Southern Point was due to transfer to Bushveld's UK bank account. Payments received to date have been sent to a Bushveld subsidiary's bank account, which the company says would result in further funding delays if these were used to satisfy Southern Points obligations under the subscription agreement. Bushveld adds that it lost 11 and 3 days of production in January at its Vanchem and Vametco projects, respectively, as a result of the delayed settlement. Read More