NICOSIA, CYPRUS / ACCESSWIRE / May 20, 2022 / Atalaya Mining Plc (AIM:ATYM)(TSX:AYM), the European mining and development company, announces that it was notified on 19 May 2022, that Michael Rechsteiner
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The Company s flagship vanadium platform includes a 74 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; 100 per cent of Bushveld Vanchem, a primary vanadium processing facility with a beneficiation plant; the Mokopane Vanadium Project and the Brits Vanadium Project. Bushveld s vision is to become a significant, low-cost, integrated primary vanadium producer through owning high grade assets. Whilst the demand for vanadium remains largely anchored in the steel industry, Bushveld Minerals believes there is strong potential for an imminent and significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries. Bushveld Energy, the Company s energy storage solutions provider, plays a leading role in the development and promotion of the role of vanadium in this market.
Partial repayment of Duferco convertible loan note and Total Voting Rights Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage provider, with ownership of high-grade assets in South Africa, is pleased to announce the partial repayment of the US$23 million unsecured convertible loan note held by Duferco Participations Holding S.A. ( Duferco ). On 30 September 2020, the Company announced that Duferco, the pre vious owner of Vanchem, had agreed to accept the partial early repayment of US$11.5 million of their US$23 million convertible loan notes, originally issued in accordance with the terms of the acquisition of Bushveld Vanchem announced on 23 October 2019.