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almost all buys today with no immediate sign of placement shares being dumped - new valuation is fantastic as long as we see continuous actual progress. Bought some more at 0.817p - and going up :)
looks like the boxes are ticked for progress in March - well, that's a first for Harry! Actually doing what he said he would and in time! I think sentiment will start to improve rapidily now we've seen actual progress.
Now April;
April 2022:
o Launch of Tulu Kapi Foundation, administered with local authorities, community representatives and Ethiopian Evangelical Church of Mekane Yesus.
o Final pricing agreed with contractors.
have submitted the really obvious question;
Can you confirm that all the progress outlined for completion by the end of March has now been confirmed?
All field programmes recommenced for community consultations and new host land preparations, with regular independent security monitoring over the ensuing months.
o Remaining few Ethiopia regulatory administrative tasks completed, such as endorsement of historical costs, working rules for the London clearing account to avoid restrictions of capital controls and clearance for both banks to lend on same terms.
o Updated term sheet for offtake-linked mezzanine facility now involving senior lenders as well the metals trader.
Thanks
we are looking at a massive investment in Finland from our JV partner - it's why Kurt was away when we got the concession. Finland currently worth way more than our current SP - forget Kallak!
Also, Kurt made clear references to interested parties in JV/purchase in kallak - that could happen at any time. I don't see a small placement being a reason for a negative outcome here - it's how miners develop.
I have never for one moment thought we would ever actually dig anything out of the ground - we are an explorer - we find stuff, hope it's valuable, get a licence then sell. I suspect Kurt wants to know a bit more about exactly how valuable both kallaks are before he sells them. Will be a few months - then they will be queuing up....Same with Vardar.
Finland looks a long term deal with the JV partner doing most of the work
we are basically ridding ourselves of the short term, in for a quick kill, investors. Their failure to spot the huge soon to be revealed potential in Finland or note that Kurt's last rns talks about JVs, and, let's face it, sale of Kallak to a Big Miner is their problem. Good riddance. Let's keep the faith :)
it's worth reposting;
If all goes well, Vaasa will have a large factory for the production of anode materials needed in electric car batteries. The goal is for the factory to become one of Europe's leading players in the field.
It is a joint venture founded by Finnish Grafintec and Indian Epsilon Advances Materials that made a site reservation in the Gigavasa area and entered into a letter of intent for a factory with the city of Vaasa. Grafintec, formerly Fennoscandian Resources, is in turn a wholly owned subsidiary of international Beowulf Mining, which is listed in London and Stockholm.
The plan is to build an anode material factory in the area just south of the city, which is reserved for players in the battery value chain. The goal is for production to start in 2025. The anode is one of the main components of the battery alongside the cathode and electrolyte.
Vaasa's City Director Tomas Häyry welcomes Grafintec's and Epsilon's plans and says that the aim is to build up an anode material production of significant scope.
- The demand for anode materials will be very large in Europe in the next few years. The ambition is to become one of the most important players in the European anode material market, says Häyry.
According to Häyry, the planned factory establishment is an important piece of the puzzle in the Gigavasa area's strategy to create the conditions for a sustainable battery value chain.
Many competitive advantages
Beowulf Mining's CEO Kurt Budge says that Vaasa has many competitive advantages that decided the choice of place of establishment. You do not look at any other places. Budge visited Vaasa in October and praises the positive atmosphere of cooperation, infrastructure, know-how and access to renewable energy.
- All these are ingredients for success. Now we have a busy year ahead of us.
https://www-hbl-fi.translate.goog/artikel/nytt-foretag-vill-tillverka-batterimaterial-i-vasa/?fbclid=IwAR0PNITQ1qq2sWblJZm2DOLDcyf_2LwqFyZPks5v1H-6fDbBvlViiilfl9U&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB
from FB
Now Beo / Grafintech has a JW of 49% of this factory at SEK 4.7 billion.
49% of the investments in the factory are about double beo's current stock value.
Epsilon Carbon Pvt Ltd is setting up an anode material production facility in Vaasan kaupunki - Vasa stad - City of Vaasa with an initial investment of $100 mn in phase 1 by 2025, going up to $400 mn in the final phase.
Ambassador Raveesh Kumar met Vikram Handa, MD and Saiprasad Jadhav, CEO from Epsilon Carbon Pvt Ltd, Rasmus Blomqvist, Founder and MD of Grafintec Oy, Kurt Budge, CEO of Beowulf Mining plc and Puneet Thakur of Business Finland.
surprised we haven't had a separate rns for the brilliant news from Finland but...
Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, is pleased to provide further comments on the Swedish Government's decision to award an Exploitation Concession for the Kallak North Iron Ore Project ("Kallak") to the Company's 100 per cent owned subsidiary Jokkmokk Iron Mines AB ("JIMAB").
The Company's legal advisers have reviewed the Government's decision and the conditions attached to it and are satisfied that, with respect to the conditions, they include matters the Company would naturally expect to address in project development and the Environmental Court process.
Kurt Budge, Chief Executive Officer of Beowulf, commented:
"During a very busy last week where I was focusing on Grafintec's exciting prospects in Finland, our partnership with Epsilon Advanced Materials and joint plans for an anode materials production facility in the GigaVaasa area, it was difficult to take time out and fully appreciate the significance of finally being awarded an Exploitation Concession for Kallak.
"The positive decision is testament to the work of the Swedish technical team that prepared a comprehensive application, and the support of the Company's advisers, stakeholders and shareholders.
"The Company will now embark on the next stages of Kallak's development, which include the completion of a Scoping Study, before the year end, the creation of a roadmap for environmental permitting and updating options for investment and partnering, following-up on interest shown previously. I also intend to develop ideas for possible collaboration, and build the local partnerships critical to maximising benefits for Jokkmokk. In doing so, I hope that we can harness the energy and spirit of collaboration that I experienced with institutions and authorities in Finland last week and replicate it in our work in Jokkmokk and Norrbotten.
"Achieving this important milestone, I reflect on where the Company has come from since 2014, we now have an Exploitation Concession for Kallak, we are planning the development of an anode materials production facility in Finland, and drilling should start in Kosovo in the coming days.
"We are making solid progress in all areas of the business and I look forward to providing further updates to the market in due course."