Bushveld Minerals Confronts Loan Default and Disputes

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

Bushveld Minerals Limited faces a financial challenge as Vanchem, its former subsidiary, failed to repay a shareholder loan of approximately US$798,000 by the due date. The company is addressing the issue through appointed business rescue practitioners and is set to resolve disputed claims with Southern Point Resources Fund over incurred kiln repair costs. Further steps, including legal actions, are being considered to recover the owed amount.

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