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 £3.7 million investment, as part of a total proposed financing of £4.3 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.

Current stock price: 7.30 pence

12-month change: down 34%

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