UK 05:31 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Vanadium, whose applications range from steelmaking to self-recharging flow batteries, may now be trading at barely a third of its levels in 2008, but shares in Guernsey-based Bushveld Minerals (BMN) have almost doubled as the AIM-quoted company presses ahead to develop its 285 million-tonne vanadium deposit in South Africa’s mineral-rich Bushveld Complex and expands its coal and other interests. Floated at 20p three years ago by acerbic wheeler-dealer Frank Scolaro’s Obtala Resources in a deal involving the private Mineral Wealth International group, BMN shares have rallied since April from below 2.3p to 4.35p ahead of a pre-feasibilty study on the project, expected in two months, at a cost of up to $6 million (£3.9 million).
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