Update on Enerox GmbH Investment
Bushveld Minerals Limited (AIM: BMN), the AIM-quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa ("Bushveld Minerals"), is pleased to announce an investment by Mustang Energy Plc ("Mustang"; "LON: MUST"), into VRFB Holdings Limited ("VRFB-H") to acquire an indirect interest of 11.05 per cent in Enerox GmbH ("Enerox"). Enerox is a Vanadium Redox Flow Battery ("VRFB") manufacturer providing grid scale and micro-grid energy storage solutions. The Company also announces the completion of the investment by VRFB-H into the 100 per cent holding company for Enerox, Enerox Holdings Limited ("EHL").