Aim-listed Bushveld Minerals has entered into a business and share purchase agreement with Vanchem Vanadium Products (VVP) and South African Japan Vanadium (SAJV) to conditionally acquire VVP’s vanadium production business and SAJV’s ferrovanadium production business in South Africa. The company will acquire these assets, collectively known as the Vanchem business, plus 100% of the outstanding shares of Ivanti Resources, which has economic rights to certain secondary vanadium units treated within VVP’s vanadium production business, for $68-million.
