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Bushveld Minerals

Bushveld increases indirect interest in Vametco to 75%

Bushveld Minerals (LON:BMN) has increased its indirect beneficial interest in Vametco Alloys to 75%, from 59.1%, through the acquisition of Sojitz Noble Alloys’ 21.22% interest in Vametco’s intermediate holding company Strategic Minerals Corporation (SMC), for $20-million.

Following completion of the transaction, Bushveld will, through wholly owned Bushveld Vametco Limited, own 100% of SMC and, therefore, have an indirect beneficial interest of 75% in Vametco.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.