16th Feb 2024 11:06
Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Says intends to undertake capital raise to advance Kallak iron ore project in northern Sweden, the graphite anode materials plant in Finland, and for general corporate purposes. Aims to raise about SEK100 million, around GBP7.5 million via retail offer of shares. Further, a rights issue will be for about SEK80 million before deduction for costs. Main reason for intended fundraise is to complete the ongoing pre-feasibility study and environmental studies in preparation for the environmental impact assessment and application for environmental permit for Kallak. Read More