Beowulf Mining ( (GB:BEM) ) has provided an announcement.
Beowulf Mining has announced a conditional placing to raise approximately £1.0 million as part of a larger capital raise aimed at securing a minimum of £2.1 million. This funding will support the advancement of the Kallak Iron Ore Project in Sweden and the Graphite Anode Materials Plant in Finland, as well as general corporate purposes. The capital raise includes a Rights Issue and a UK Retail Offer, with a General Meeting scheduled for 8 April 2025 to seek shareholder approval for increasing the company’s share capital. The company has secured underwriting commitments and bridge loans to ensure sufficient financial resources for its projects.
More about Beowulf Mining
Beowulf Mining PLC is a mineral exploration and development company with a focus on advancing projects critical to Europe’s green transition. The company operates through its subsidiaries Jokkmokk Iron Mines AB in Sweden, Grafintec Oy in Finland, and Vardar Minerals Limited in Kosovo. Its primary products include high-grade, low-impurity iron ore concentrates, which are aimed at supporting the decarbonization of the steel industry.
YTD Price Performance: 44.83%
Average Trading Volume: 10,264
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.16M
For a thorough assessment of BEM stock, go to TipRanks’ Stock Analysis page.