Bushveld Minerals (“BMN”), a primary vanadium producer with operations in South Africa (“SA”), is to sell 100% of its interest in the Vanchem plant to Southern Point Resources (“SPR”), following shareholder approval which was secured on 31st May with 94.8% voting in favour. Approval is still required by the SA Competition Tribunal, which is guided for Q3, and consent to the transaction from Orion Mine Finance, a major lender to BMN. As part of the consideration for this sale, SPR agreed to incre ....
