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Bushveld Minerals

Bushveld secures footing in downstream energy storage sector

Bushveld Minerals has secured a foothold in the downstream energy business after agreeing to supply $5m in a convertible loan to UK-listed Avalon Battery Corporation which is merging with redT energy, another UK business.

Avalon Battery Corp is a vanadium redox flow battery (VRFB) manufacturer whilst redT energy is described by Bushveld Minerals as an energy storage provider. VRFB technology is considered crucial in enabling renewable energy projects to provide consistent power.

Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production. 

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