REG - Beowulf Mining PLC - Appointment of Non-Executive Director

Beowulf MiningAnnouncement

10/07/2023 07:00

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RNS Number : 4603F  Beowulf Mining PLC  10 July 2023

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inside information as stipulated under the Market Abuse Regulation ("MAR")
(EU) No. 596/2014, as incorporated into UK law by the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

 

10 July 2023

Beowulf Mining plc

 

("Beowulf" or the "Company")

 

Beowulf announces the appointment of Mikael Schauman as Non-Executive Director

 

Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development
company focused on the Kallak magnetite iron ore project in northern Sweden,
its graphite projects in Finland, and on gold and base metal exploration in
Kosovo, is pleased to announce that Mikael Schauman has been appointed to the
Board as Non-Executive Director (NED).

 

Mikael Schauman, a Swedish national, has been involved in base metals for the
past forty years. His experience stretches from industrial marketing of
products of mining companies as well as worldwide responsibility for trading
these products to Senior Management of a publicly listed mining company.
Mikael is versed in the field of mining, management of mining companies as
well as commercialisation of the products, including industrial marketing,
agency business and third-party trading, on a global basis.

 

Mikael Schauman holds a BSc in Finance from Stockholm School of Economics. He
started his career at Boliden and subsequently spent 18 years at various
commodity trading companies. For the past 16 years he served in the senior
management of Lundin Mining Corporation as VP and SVP Commercial. In this role
he had sole responsibility for the company's commercial organisation and
world-wide sales. Mikael has at the same time actively contributed to
increasing growth within Lundin Mining, for example via the acquisitions and
mergers made over the years. In the role of senior manager, he has also
contributed to developing the Groups sustainability work.

 

Mikael Schauman said: "It is exciting to be part of a business that creates
growth in a sustainable way. The green transition is important, and the
products Beowulf develops are crucial for this transition to be sustainable in
the long term."

 

Johan Röstin, Chairman of Beowulf, said:

"We are delighted to have Mikael join the Board as NED. He brings a wealth of
corporate experience to the Company including specialised knowledge of
marketing products from mining companies and management experience. His
experience will provide invaluable assistance throughout Beowulf's portfolio.

"Mikael's appointment, together with previous week's announcement that Ed
Bowie will take up the role of CEO in early August, are key milestones in
building the Company for its important next phase of development."

 

AIM Rules Disclosures

Mr Johan Mikael Schauman, aged 63, currently holds or has held the following
directorships and partnerships in the last five years:

 

 Current directorships / partnerships  Previous directorships / partnerships
 Nonferore AB                          Zinkgruvan Mining AB
                                       Barinas Enterprises Company Ltd
                                       Koboltti Holdings Ltd
                                       LMC Bermuda Ltd
                                       Lundin Mining AB
                                       Lundin Mining Exploration Ltd
                                       Lundin Mining Holding AB
                                       North Atlantic Natural Resources AB
                                       Zinc Holdings Ltd
                                       Tenke Holdings Ltd

 

Mr Schauman holds no ordinary shares or options in the Company.

 

Other than as provided in this announcement, no other disclosures in relation
to Mr Schauman are required under Rule 17 and schedule 2 (g) of the AIM Rules
for Companies.

 

 

Enquiries:

 Beowulf Mining plc
 Johan Röstin                               Tel: +46 (0) 702 53 00 00
 SP Angel

 (Nominated Adviser & Broker)
 Ewan Leggat / Stuart Gledhill / Adam Cowl  Tel: +44 (0) 20 3470 0470
 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. Development
consists primarily of iron ore, graphite, gold and other base metals. Beowulf
Mining was founded in 1988 and 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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