At the beginning of February, the domestics vanadium alloy market is running smoothly.

The consolidation of the Company’s issued and outstanding common shares ("Common Shares") was approved by the Company’s shareholders

The vanadium alloy prices rise constantly;

The company has engaged a local consultant group that will undertake the phase 1 and phase 2 exploration program aimed at firming up the prospectivity of Gwesan Vanadium Project.

The vanadium alloy prices rise steadily;

The vanadium market appears cold slightly;

In 2020, the total output of vanadium pentoxide was 19.5 mlb, a decrease of 3% from the same period last year. (Total production in 2019 is 2020 mlb)

Aim-listed vanadium miner Bushveld Minerals has achieved a 24% year-on-year increase in vanadium production from its high-grade assets in South Africa.