Bushveld Minerals acquisition "ticks all the boxes"

BMN - Video / 2016

Bushveld Minerals (LON:BMN) chief executive, Fortune Mojapelo tells Proactive Investors that the company's reverse takeover of Strategic Minerals is a transformational acquisition. "It is a low cost producer, it is well located in terms of infrastructure, it is not huge, it has got a fantastic management team, we know it well - it ticks pretty much all the boxes we are looking for" he says.

Mojapelo says the efforts now are focused on completing due diligence and the necessary admission documentation so they can put it all out to market. "We quite like the fact it has the capacity for chemicals line, not necessarily immediately, but we would look to leverage such a platform to support the energy storage applications of vanadium batteries" he says.

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Bushveld Minerals (LON:BMN) chief executive, Fortune Mojapelo tells Proactive Investors that the company's reverse takeover of Strategic Minerals is a transformational acquisition. "It is a low cost producer, it is well located in terms of infrastructure, it is not huge, it has got a fantastic management team, we know it well - it ticks pretty much all the boxes we are looking for" he says.

Mojapelo says the efforts now are focused on completing due diligence and the necessary admission documentation so they can put it all out to market. "We quite like the fact it has the capacity for chemicals line, not necessarily immediately, but we would look to leverage such a platform to support the energy storage applications of vanadium batteries" he says.

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