Ironveld PLC Acquisition Unconditional (6019U)
March 29 2023 - 5:00AM
UK Regulatory
TIDMIRON
RNS Number : 6019U
Ironveld PLC
29 March 2023
Ironveld Plc
("Ironveld" or the "Company")
Acquisition Unconditional
Ironveld announces that the acquisition of Ferrochrome Furnaces
(Pty) Ltd ("FCF") by its subsidiary Ironveld Smelting (Pty) Ltd is
now unconditional in all respects. FCF will, in accordance with the
Companies Act of South Africa, be taken out of Business Rescue in
the coming days and the transaction will close in accordance with
its terms.
For further information, please contact:
Ironveld plc c/o BlytheRay
Martin Eales, Chief Executive Officer 020 7138 3204
finnCap (Nomad and Broker)
Christopher Raggett
Charlie Beeson 020 7220 0500
Turner Pope (Joint Broker)
Andy Thacker
James Pope 020 3657 0050
BlytheRay
Megan Ray
Tim Blythe 020 7138 3204
NOTES TO EDITORS
Ironveld (IRON.LN) is the owner of Mining Rights over
approximately 28 kilometres of outcropping Bushveld magnetite with
a SAMREC compliant ore resource of some 56 million tons of ore
grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2.
In 2022 Ironveld agreed to acquire and refurbish a smelter
facility in Rustenburg, South Africa, in which it can process its
magnetite ore into the marketable products of high purity iron,
titanium slag and vanadium slag.
Ironveld is an AIM traded company. For further information on
Ironveld please refer to www.ironveld.com .
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END
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