Ironveld PLC Further Update on Grosvenor Transactions (0726B)
09 Fevereiro 2022 - 3:59AM
UK Regulatory
TIDMIRON
RNS Number : 0726B
Ironveld PLC
09 February 2022
Ironveld Plc
("Ironveld" or the "Company")
Further Update on Grosvenor Transactions
As announced on 27 January 2022 the Company continues its close
dialogue with Grosvenor in respect of the progress of Grosvenor's
own funding arrangements necessary to complete the previously
announced Equity Subscription Agreement and the sale of the
Company's interest in Luge. Grosvenor continues to work positively
towards financing these transactions and the Company will provide
further updates in due course.
For further information, please contact:
Ironveld plc c/o Blytheweigh
Martin Eales, Chief Executive Officer +44 20 7138 3204
finnCap (Nomad and Broker)
Christopher Raggett / Charlie Beeson +44 20 7220 0500
Turner Pope (Joint Broker)
Andrew Thacker / James Pope +44 20 3657 0050
Blytheweigh
Tim Blythe / Megan Ray +44 20 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 (Vanadium), 68,6% Fe2O3 (Iron Oxide) and 14,7%
TiO2 (Titanium Dioxide).
The Definitive Feasibility Study published in April 2014
confirms the project's viability to deliver a Vanadium slag
product, for which the company has an offtake agreement, as well a
High Purity Iron product which commands a premium in the market
place, and Titanium slag containing commercial grades of
titanium.
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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February 09, 2022 01:59 ET (06:59 GMT)
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