TIDMBMN

RNS Number : 7128O

Bushveld Minerals Limited

13 June 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.

14 June 2022

Bushveld Minerals Limited

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

Appointment of Joint Corporate Broker

Bushveld Minerals Limited (AIM: BMN), the AIM quoted integrated primary vanadium producer and energy storage solutions provider, has appointed RBC Capital Markets as its Joint Broker with immediate effect, to act alongside SP Angel Corporate Finance LLP, who remains the Company's nominated adviser and joint corporate broker.

ENDS

Enquiries: info@bushveldminerals.com

 
                                                          +27 (0) 11 268 
Bushveld Minerals Limited                                  6555 
Fortune Mojapelo, Chief Executive 
 Officer 
 Chika Edeh, Investor Relations 
                                      Nominated Adviser   +44 (0) 20 3470 
SP Angel Corporate Finance LLP         & Joint Broker      0470 
Richard Morrison / Charlie Bouverat 
Grant Baker / Richard Parlons 
 
  RBC Capital Markets                                     +44 (0) 20 7653 
  Jonathan Hardy / Caitlin Leopold    Joint Broker         4000 
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 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.

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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June 14, 2022 09:25 ET (13:25 GMT)

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