Bushveld Minerals Faces Financial Challenges in FY2023

Bushveld Minerals (GB:BMN) has released an update.

Bushveld Minerals, an integrated primary vanadium producer, reports a revenue decrease to $137.5 million for FY2023, a significant net loss of $104 million, and an increase in net debt to $105.8 million. Despite financial challenges, including impairment losses and negative free cash flow, the company looks forward to stabilizing with new funding from Southern Point Resources and a focus on making its Vametco plant a sustainable, cash-generating asset. Shareholders are invited to discuss these results and the company’s future outlook in an upcoming investor session.

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