Directorate Change

RNS Number : 9184J
Bushveld Minerals Limited
16 December 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. 

 

16 December 2022

Bushveld Minerals Limited

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

Board Changes

Bushveld Minerals Limited (AIM: BMN), the AIM-listed, integrated primary vanadium producer, announces that Ms Jacqueline Musiitwa will stand down from the Company's Board effective immediately, having accepted a role with the U.S. Agency for International Development ("USAID").

 

As part of her responsibility in taking up this public sector appointment, Ms Musiitwa is required to stand down from all her private sector roles, including as an Independent Non-Executive Director of Bushveld. Ms Musiitwa served as Chair of Bushveld Minerals' ESG Committee and as a member of the Remuneration Committee. David Noko has been appointed as Chair of the ESG Committee, no changes have been made to the Remuneration Committee.

 

The Company will commence the search for a replacement Independent Non-Executive Director in due course.

 

Michael Kirkwood, Interim Chairman of Bushveld Minerals commented : "On behalf of the Bushveld Board of directors I would like to congratulate Jacqueline on her appointment in this exciting position within the Office of the Chief Climate Officer at USAID and also thank her for her contribution to Bushveld. We wish her success in her new role."

 

 

 

ENDS

 

Enquiries: info@bushveldminerals.com

Bushveld Minerals Limited


+27 (0) 11 268 6555

Fortune Mojapelo, Chief Executive Officer



Chika Edeh, Head of Investor Relations






SP Angel Corporate Finance LLP

Nominated Adviser & Broker

+44 (0) 20 3470 0470

Richard Morrison / Charlie Bouverat

 


Grant Baker / Richard Parlons

 



 


RBC Capital Markets

Joint Broker

+44 (0) 20 7653 4000

Jonathan Hardy / Caitlin Leopold

 



 


Tavistock

Financial PR


Gareth Tredway / Tara Vivian-Neal / Mia Suma


+44 (0) 207 920 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 3% 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. Growth plans to expand to 8,000 mtVp.a. will be pursued, subject to funding and market conditions.

 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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