News blog


  • BY: Andrew Hore |
  • POSTED: 12/08/2019 |

Ironveld has entered into confidentiality agreements with potential purchasers of its mining rights for the high-purity iron, vanadium and titanium project in the Bushveld complex in South Africa. 

Shareholders would have to be asked for their approval if a deal were struck. This is part of a strategic review by the board. They believe that selling the project might be best for its ongoing development and obtain the highest value for shareholders without having to pour additional cash into the project.

The resources are near to the surface so open cast mining is possible. The existing measured, indicated and inferred resources are 27Mt of iron, 8.3Mt of titanium oxide and 1.4bn tonnes of vanadium.

The share price is 0.98p, up 0.23p on the news, but it is still just below par value. In February, £1.1m was raised at 1.75p a share.

A disposal would leave the company as a shell.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 20 January 2020

Continue reading... | 19/01/2020

Northern Bear

Building services provider Northern Bear has acquired electrical contractor J Lister for an initial £950,000 in cash and shares. 

Continue reading... | 19/01/2020

SimiGon Ltd

A shareholder has filed two legal claims against simulation technology company SimiGon Ltd. 

Continue reading... | 19/01/2020

UniVision Engineering Ltd

UniVison Engineering Ltd has signed a framework agreement with the China Railway Engineering (Hong Kong) and China Railway Wuhan Electrification Engineering joint venture. 

Continue reading... | 19/01/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds