The planned acquisition of the Vametco vanadium mine from Evraz could, on completion, be a major transformational event for Bushveld (BMN). It would move BMN closer to being a fully vertically integrated vanadium explorer-producer-seller. The sale of vanadium in the currently oversupplied market will be greatly supported by BMN’s move into the vanadium redox flow-battery space. Advanced discussions are underway relating to a placing of shares and/or co investment to fund the deal.
