Beowulf Mining PLC Kallak North Exploitation Concession Update (5163E)
12 February 2018 - 6:00PM
UK Regulatory
TIDMBEM
RNS Number : 5163E
Beowulf Mining PLC
12 February 2018
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations ("MAR") (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is being made on
behalf of Kurt Budge, Chief Executive Officer.
12 February 2018
Beowulf Mining plc
("Beowulf" or the "Company")
Kallak North Exploitation Concession Update
Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration
and development company, focused on the Kallak magnetite iron ore
project and the Åtvidaberg polymetallic exploration licence in
Sweden, and its graphite portfolio in Finland, has received the
submissions to Government made by other interested parties, the
Sami reindeer herding communities of Jåhkågasska Tjiellde and
Sirges sameby, the regional council, Region Norrbotten, and the
municipality, Jokkmokks Kommun, regarding the County Administrative
Board ("CAB") for the County of Norrbotten statement dated 30
November 2017. The Company's comments have also been circulated to
the other parties.
Each party has an opportunity to review comments and make a
further submission to the Government. The deadline for submissions
is 5 March 2018.
Kurt Budge, CEO, commented:
"We will be reviewing all the comments made by interested
parties, with our Swedish Advisory Board, and legal advisers, as we
prepare another submission.
"As we have now entered a procedure of providing comments on
other interested parties submissions, it seems as though this
process is never ending, but we must trust that the Government is
being thorough, objective, and assessing our application in
accordance with requirements of the prescribed application process,
and Swedish law."
Enquiries:
Beowulf Mining plc
Kurt Budge, Chief Executive Tel: +44 (0) 20 3771 6993
Officer
Cantor Fitzgerald Europe
(Nominated Adviser & Broker)
David Porter Tel: +44 (0) 20 7894 7000
Blytheweigh
Tim Blythe / Megan Ray Tel: +44 (0) 20 7138 3204
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
forecasts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDURUSRWUAUAAR
(END) Dow Jones Newswires
February 12, 2018 02:00 ET (07:00 GMT)
Beowulf Mining (LSE:BEM)
Historical Stock Chart
From Apr 2024 to May 2024
Beowulf Mining (LSE:BEM)
Historical Stock Chart
From May 2023 to May 2024