RCS - Beowulf Mining PLC - Extension of Site Reservation in GigaVaasa Area

Beowulf MiningAnnouncement

19/02/2024 07:00

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RNS Number : 5104D  Beowulf Mining PLC  19 February 2024

 

 

 

19 February 2024

 

Beowulf Mining Plc

 

("Beowulf" or the "Company")

 

Extension of Site Reservation in the GigaVaasa Area for Establishing Graphite
Anode Materials Plant

 

Beowulf (AIM: BEM; Spotlight: BEO), and its wholly owned Finnish subsidiary
Grafintec Oy ("Grafintec"), are pleased to provide an update for the advance
site reservation in the GigaVaasa area for the establishment of the Graphite
Anode Materials Plant ("GAMP").

 

On 14 February 2024, the municipality of Korsholm approved a renewal of the
advance site reservation for Plot 1, Block 3017 in the GigaVaasa area by a
further six months. The extended advance site reservation is valid until 31
July 2024, with option to extend further.

 

Rasmus Blomqvist, Managing Director of Grafintec, commented:

 

"I am very pleased that the municipality of Korsholm is showing us its
continued support by approving a further renewal of the advance site
reservation. Grafintec's team supported by its engineering partners have made
good progress since the initial site reservation a year ago. The approval of a
renewal of the site reservation enables us to continue with our development
plans without delay. We look forward to updating the market with our progress
in Finland."

 

 

Enquiries:

Beowulf Mining plc

Ed Bowie, Chief Executive
Officer
ed.bowie@beowulfmining.com

 

SP Angel

(Nominated Adviser & Joint Broker)

Ewan Leggat / Stuart Gledhill / Adam Cowl           Tel: +44 (0) 20
3470 0470

 

Alternative Resource Capital

(Joint Broker)

Alex
Wood
Tel: +44 (0) 20 7186 9004

 

BlytheRay

Tim Blythe / Megan Ray
 
Tel: +44 (0) 20 7138 3204

 

 

 

About Beowulf Mining plc

 

Beowulf Mining is a mining company with main activities in exploration and
development in Sweden, Finland and Kosovo. Beowulf's portfolio is diversified
by commodity, geography and stage of development of the
projects and consists primarily of iron ore, graphite, gold and base metals.
Beowulf Mining is headquartered in London, England.

 

 

Cautionary Statement

 

Statements and assumptions made in this document with respect to the Company's
current plans, estimates, strategies and beliefs, and other statements that
are not historical facts, are forward-looking statements about the future
performance of Beowulf. Forward-looking statements include, but are not
limited to, those using words such as "may", "might", "seeks", "expects",
"anticipates", "estimates", "believes", "projects", "plans", strategy",
"forecast" and similar expressions. These statements reflect management's
expectations and assumptions in light of currently available information. They
are subject to a number of risks and uncertainties, including, but not limited
to , (i) changes in the economic, regulatory and political environments in the
countries where Beowulf operates; (ii) changes relating to the geological
information available in respect of the various projects undertaken; (iii)
Beowulf's continued ability to secure enough financing to carry on its
operations as a going concern; (iv) the success of its potential joint
ventures and alliances, if any; (v) metal prices, particularly as regards iron
ore. In the light of the many risks and uncertainties surrounding any mineral
project at an early stage of its development, the actual results could differ
materially from those presented and forecast in this document. Beowulf assumes
no unconditional obligation to immediately update any such statements and/or
forecast.

 

 

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