RSM advises on Bushveld Minerals Limited’s reverse acquisition

RSM’s capital markets team has advised Bushveld Minerals Limited, an AIM-listed mineral project development company with a portfolio of vanadium and coal assets in Southern Africa, on its reverse acquisition of 55 per cent of Bushveld Vametco. 

The deal will deliver a controlling interest for Bushveld Minerals Limited in a vanadium producing mine and processing plant in South Africa.

The capital markets team at RSM, led by Paul Watts with support from Ed Pipe and Laura Quinn, acted for Bushveld on the transaction.

Paul Watts, capital markets partner at RSM, said:

‘Having acted last month on the successful de-merger of Bushveld’s tin business onto AIM as a separate entity, AftiTin, RSM is pleased to continue to support Bushveld, acting as reporting accountants on their reverse take-over of Vametco. 

‘The transaction completes Bushveld’s transition to a vanadium producer, and with capacity expansion plans to capitalise on the current strong vanadium pricing, this will no doubt be the beginning of an exciting new chapter in the Group’s development. 

‘Both recent transactions demonstrate that despite the challenges facing the mining sector, there are opportunities for exploration and producing companies to deliver attractive shareholder returns.’