Beowulf Mining (AIM: BEM)
Announced that its 100 per cent owned Jokkmokk Iron Mines AB (“JIMAB”) has been awarded an Exploitation Concession for the Kallak North Iron Ore Project (“Kallak”).
This is wonderful news for the company, and a testament to the hard work and patience of CEO Kurt Budge.
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| Beowulf Mining | AIM: BEM |
| Stage | Development and exploration |
| Metals | Iron Ore, gold, graphite, base metals |
| Market cap | £118 m @ £0.1175 |
| Location | Sweden, Finland, Kosovo |
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Beowulf Mining – Kallak drill core
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Beowulf Mining Awarded Kallak Concession by the Swedish Governement
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Beowulf Mining (AIM: BEM) Announced that its 100 per cent owned Jokkmokk Iron Mines AB (“JIMAB”) has been awarded an Exploitation Concession for the Kallak North Iron Ore Project (“Kallak”).
This is wonderful news for the company, and a testament to the hard work and patience of CEO Kurt Budge.
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Kurt Budge, Chief Executive Officer of Beowulf, commented:
“I am grateful to the new Minister of Enterprise and Innovation for placing trust in the Company to take the Kallak project forward. The award of the Concession is simply a long-awaited milestone on the development timeline and we now look forward to environmental permitting.
“Beowulf’s ambition is to build the most sustainable mine possible. I firmly believe that there is no better country than Sweden in which to make this vision a reality, where mining can take place in balance with the environment and stakeholder interests for the benefit of wider society.
“Following our guiding principles, Beowulf seeks to build mutually respectful relations and productive partnerships with Jokkmokks Kommun, local entrepreneurs, landowners and reindeer herders. The Beowulf team is looking forward to establishing our proposed ‘Task Force’ with the municipality, local agencies and enterprises, to help build local capacities and to maximise local economic opportunities during Kallak’s development, construction and when the mine is in operation.
“The Company remains committed to working constructively – and in good faith – with all stakeholders and engaging in meaningful dialogue. I believe there is space for us all to be part of Jokkmokk’s future, one that is sustainable, diversified and thriving. Beowulf is planning for that future.
“The Company looks forward to reviewing the full detail of the decision in due course but will naturally seek to comply with any relevant requirements in respect of minimising the mine’s impact on the Sami community.
“The Company will be engaging with stakeholders in Jokkmokk on what happens next in the development of Kallak and will provide further updates to the market in due course.”
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