Update on the Kallak Iron Ore Project
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Beowulf (AIM: BEM; Spotlight: BEO), and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB ("Jokkmokk Iron"), are pleased to confirm that the Supreme Administrative Court (the "Court") has upheld the Government's awarding of the Exploitation Concession for the Gállok/Kallak Iron Ore Project ("Gállok").
Court ruling
On 25 June 2024 the Swedish Supreme Administrative Court released its judgment upholding the Government's decision to award the Exploitation Concession for Gállok in March 2022 (https://polaris.brighterir.com/public/beowulf_mining_plc/news/rns/story/w0mop8x). The Exploitation Concession and all attaching conditions therefore remain in full force.
Read the full Swedish Supreme Administrative Court decision:
Ed Bowie, Chief Executive Officer of Beowulf, commented:
"We are delighted that the Court has concluded its process and we can continue to advance the project towards the conclusion of the Pre-Feasibility Study and Environmental Impact Assessment. Gállok has an important role to play in supporting the decarbonisation of the steel industry and therefore has significance from a global green energy transition perspective. We are also working extremely hard to engage with all stakeholders to ensure the project delivers maximum benefit to the local community."
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