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Ironveld shares jump 32% as its processing plant hits sustained production with strong demand.

Market News
14 Jul 2026
Proactive Investors
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Bullish
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Ironveld PLC's shares rose 32% after its dense media separation plant reached sustained production, running 16 hours daily and processing 2.5 to 3.5 tonnes per hour. The plant produces magnetite and maghemite, with the latter offering a new revenue stream in drilling muds for oil, gas, and mining. Ironveld secured three clients, including one major buyer needing 5,000 tonnes monthly, and is working to reach full plant capacity by July's end. The company is also progressing with a mineralogical study to optimize ore processing and assess economics, signaling strong demand that may exceed current capacity.

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