Member Info for tintin35

they refer to an Indian investment in the company of $100m up to $400m on Facebook from a Linked in page....That would drastically revalue BEM....

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."

ha ha...

LKAB have literally moved towns before that got in the way. Sticking a couple of reindeer in the back of a van doesn't seem to onerous to me...

Kurt was offering to pay compensation ages ago to get this over the line. Anyway, we'll get environmental licence then flog it to LKAB so what do we care?

going gangbusters!

next week we should see;
March 2022:

o 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.

if these are confirmed we might start to see some faith restored - that's what's been keeping us down - so could be back to 1.5p next week if so...

If you look at the recent (un-rns'd) investment in Finland you'll note that this is currently worth twice the BEM market value - forget Kallak! And it's going to happen a lot sooner....

and the interview..
https://sverigesradio.se/artikel/beowulfs-vd-kanner-ett-ansvar-att-fa-jokkmokk-att-blomstra?fbclid=iwar3_fkv3nrbokdppu0-dxtnbzokgrknkjn2eczqkwem3arysbyjtmiyddda

well, this could send it sky rocketing...

https://www.theguardian.com/politics/2022/mar/24/west-could-target-russia-gold-reserves-over-ukraine-says-boris-johnson

JOKKMOK MARCH 24, 2022 18:49
Kurt Budge is in Finland when Norr Media manages to reach him for an interview. Two days have passed since Beowulf Mining's Swedish subsidiary Jokkmokk Iron Mines received processing concession for a mine in Kallak after a decision by the government. Budge is in Finland to discuss the possibilities of some kind of anode project in Vaasa. And the reflections after the Kallak decision have just started to sink in.
- It wasn't exactly the right week for the decision to come but it doesn't matter. It feels very, very good after waiting so long. Deep down, I believe that the decision could have been made much earlier, the job was done. But of course I'm satisfied. Now we can finally go from theoretical reasoning to active action. It's a milestone for the company.
How do you start up, what does the plan look like?
- It is the environmental test to be developed and here we have, among other things, a large, large part of technical measurements that we have not been able to do before the concession to be carried out. It is a very extensive work. We will also start looking for some labor.
Are you opening offices in Jokkmokk?
- Yes, absolutely. We want to be a part of society and development. It is important to point out that it is not just about the mine. It's about the whole ecosystem and an economic development for the municipality where we will contribute, hopefully with all the good powers that exist in the people, entrepreneurs and not least in the Sami population. I truly believe that we can walk together towards a stronger Jokkmokk. The money is going to stay.
How do you solve the transport issue?
- To be honest, we have already discussed with the Swedish Transport Administration and the Inlandsbanan. We see great opportunities here even though I know there are probably those who doubt. We only want to see opportunities.
Is cooperating with the Sami a stated goal?
- Since I started my work in 2014, I have always seen Jokkmokk as a whole where we work for a common future for everyone. We will live up to what we promised, to the government's demands and take our own responsibility.
How do you see Sven-Otto Littorin's game against the journalist from @TAG?
- A big mistake... for which he has apologized. It was a step that I personally have never taken and never will take. For seven years I have been working for partnership and I will continue on that path.

from Linkedin
Signs of diversifying Indian investment in Finland!
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.

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.

With the support of Carci Mining Consultants Limited ("Carci"), the Company has completed a concept Mining Study for Kallak North which shows that the mine could produce approximately 2.7 million tonnes ("Mt") per annum of concentrate based on the existing resource for Kallak North only and modelled over an initial 15 years.

There exists the potential for a longer life mining operation, when considering Kallak South and the Company's exploration ground further south, which have both additional defined iron ore mineralisation and an Exploration Target.

(See RNS Announcement on 25 May 2021 - Kallak Iron Ore Project - Mineral Resource Estimate and Exploration Target Upgrade https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/x8q5k9x)

This production rate is one scenario and given the forecast demand for high quality iron ore being created by projects such as HYBRIT and more specifically H2 Green Steel, there could well be a requirement for a higher production rate. The Company will be using the results of the concept Mining Study as the basis for discussions with The Swedish Transport Agency (Trafikverket), the Inlandsbanan (the Inland Railway) and emerging fossil-free steel producers in Norrbotten.

Dependent on customer locations, domestic and export, the Inlandsbanan and the Malmbanan are the obvious rail routes to market for Kallak, but in the case of Malmbanan there is clearly competition for access.

Recent discussions in Sweden suggest that a rail connection between Jokkmokk and Boden has been discussed, which in the Company's view would be of clear benefit to a variety of users including mining, forestry, hydrogen transport and others, as well as future investors in projects such as Kallak and H2GreenSteel.

More broadly, the Company understands that transport infrastructure in the north of Sweden is in the spotlight, as one enabler to securing future capital investments as part of the transition to a Green Economy/European Green Deal. This renewed impetus is good news and builds on previous EU funded studies between 2011-2013, led by Sweden, the Bothnian Green Logistic Corridor.

wait till we get the rns that mentions "interested parties"...

no chance;

We reported earlier that German Chancellor Olaf Scholz said Russia's invasion of Ukraine was "stuck" and that President Vladimir Putin needed to "hear the truth".

He also warned that suggestions of an instant embargo on Russian energy supplies should be dismissed as the impact on Europe would be devastating.

He said Germany was in the process of becoming independent from Russian energy sources, but "that doing this from one day to the next would push our country and the whole of Europe into a recession".

He warned that "entire industries would be on the brink [of collapse]" and that existing anti-Russian sanctions were already hitting German citizens hard.
https://www.bbc.co.uk/news/live/world-europe-60830013

well, this can't do any harm...

https://www.theeastafrican.co.ke/tea/business/ethiopia-moves-to-allow-entry-of-kenyan-banks-3757144

and you can't herd reindeer. They do what the heck they want. The Sami follow them in jet skis and 4x4 vehicles.

The left wing media over there are effectively saying that they should import iron ore from dodgy third world countries with poor human rights records rather then use their own resources. They seem happy to be beholden to hostile countries such as Russia for their iron ore (after they just destroyed one of the biggest steel manufacturing plants in Europe) rather than, god forbid, carry on mining. Sweden used to be one of the biggest mining countries in the world. Now they'd rather leave the stuff in the ground and subsidise groups who spend all their time chasing down reindeer and killing them.

starting to go back up in Sweden now the short term baggers have b*ggered off...