Bushveld continues focus on vanadium project as pre-tax losses widen

By Liz Gyekye
Published: Wednesday, 26 August 2015

The South Africa-based mineral explorer has followed in the footsteps of many juniors by posting a pre-tax loss for its last financial year and will undertake a corporate restructuring. However, this has not stopped Bushveld from implementing a strategy focused on an accelerating development of its vanadium platform and a push to complete its prefeasibility study by the end of this year.

AIM-listed Bushveld Minerals Ltd has reported a £2.9m ($4.5m*) loss in the financial year ended 28 February, widening from negative earnings of £416,743 a year ago, and will undertake a corporate restructuring to align the company with its new focus on vanadium.

The junior is currently not...

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