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.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 9 December 2019

Continue reading... | 10/12/2019

Omega Diagnostics

Omega Diagnostics will lose money this year, but it is on course to become profitable in 2020-21 as sales of the VISITECT CD4 test. 

Continue reading... | 10/12/2019


House broker Shore Capital has slashed its pre-tax profit forecast for engineer Tricorn Group by two-thirds to £420,000. 

Continue reading... | 10/12/2019

Evgen Pharma

Evgen Pharma has entered into an agreement with The University of Dundee for the use of SFX-01 in a clinical trial in non-alcoholic steatohepatitis and liver fibrosis, where there is no existing treatment. 

Continue reading... | 10/12/2019

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