Mustang Energy PLC has announced a pivotal agreement to acquire a 51% stake in VRFB Holdings from Bushveld Energy Ltd, marking a significant shift in the energy storage and vanadium production landscape. The deal, valued at USD19.4 million, will be facilitated through the issuance of 79.4 million new Mustang shares at 20.00 pence per share to Bushveld Energy, underscoring the strategic importance of the acquisition.
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