Beowulf Mining ( (GB:BEM) ) has shared an announcement.
Beowulf Mining PLC has announced the successful completion of a Pre-Feasibility Study for its Graphite Anode Materials Plant, demonstrating strong project economics with a post-tax NPV of €924 million and an IRR of 37% over 25 years for Phase 1. The project, located in Finland, is poised to become a significant supplier to the lithium-ion battery sector, with plans for expansion in Phase 2, which could further enhance its economic viability and production capacity, supported by government and EU funding initiatives.
More about Beowulf Mining
Beowulf Mining PLC is a company operating in the mining industry, with a focus on developing graphite anode materials for the European battery sector. Its primary product is Coated Spherical Purified Graphite (CSPG), and it aims to establish itself as a key player in the European battery materials supply chain through its Finnish subsidiary, Grafintec Oy.
YTD Price Performance: 44.83%
Average Trading Volume: 12,926
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.16M
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