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.