IN BRIEF: Beowulf Mining secures investment from Bacchus Capital
Beowulf Mining PLC - explorer of iron ore, graphite, gold and base metals, targeting Sweden, Finland and Kosovo - Enters into a binding agreement with Bacchus Capital Advisers Ltd for a GBP3.7 million investment, as part of a total proposed financing of GBP4.3 million. This provides capital to advance core assets through to the end of 2027 and strategically positions Beowulf to be a key participant in the global critical and defence minerals sector. "The backing from Bacchus Capital & Affiliates marks a significant step in progressing the company and our core assets - providing stabilisation and enabling us to focus on advancing key workstreams across our portfolio," says Chief Executive Ed Bowie. Bacchus Capital & Affiliates has the right, from completion of the investment, to appoint two non-executive directors, including the chair, to represent their shareholder interests. Read More