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AIM-listed vanadium producer Bushveld Minerals has signed a two-part funding deal with Orion Mine Finance, allowing the company to proceed with planned works on its two processing plants.
Bushveld Minerals' Vametco integrated mining and processing plant, located 8 km northeast of Brits in the North West Province of South Africa
The deal's first part is a long-term US$30 million production financing agreement (PFA), which Bushveld will use to fund the expansion of its Vametco facility to 4,200 tonnes per year and make debt
Bushveld has altered the financing arrangement with Orion for its Vanchem refurbishment.
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