Beowulf Mining

BEM · AIM · Basic Resources · mcap £3.4m · 5.2p 1 open situation →

EV: £3.4m
EV / EBIT: –
Net cash: £37k
FCF yield: -34.7%
Revenue: –
Share price 1y: −50%
Insiders 12m: no deals
Next report: around 28 Jun

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2026 Funding and creditor position Placing of 106% of the market value Placing of 70% of the market value Placing of 35% of the market value Rights issue of 62% of the market value

Open · 1

Balance-sheet stress / refinancing

Funding and creditor position

Strategic Investment failed; seeking alternative funding

The proposed Strategic Investment by Bacchus Capital & Affiliates was under review by the Swedish ISP. On 22 Oct 2026 Beowulf said the ISP will discontinue the review without a binding investment agreement. Bacchus will not extend its commitments open-endedly and has withdrawn its application, so the investment cannot conclude. The company is managing cash and creditors, talking to Alumni Capital and reviewing funding options.

Investment status: No prospect of Bacchus Capital Strategic Investment concluding, per 22 Oct 2026 announcement 22 Oct 2026 ↗
ISP review: To be discontinued without a binding investment agreement; Bacchus withdrew its application 22 Oct 2026 ↗
Bacchus position: Unable to extend Investment Agreement commitments for an open-ended period 22 Oct 2026 ↗
Alumni Capital: Open and constructive dialogue continuing 22 Oct 2026 ↗
Next milestone: Review of interim and longer-term funding options; no date given 22 Oct 2026 ↗

Next: Interim and longer-term funding options; further updates as appropriate

22 Oct 2026 Strategic Investment failed; seeking alternative funding

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Closed · 4

Dilutive fundraisePlacing of 106% of the market value went quiet · 7 Jul 2026 – 6 Aug 2026 −16% Dilutive fundraisePlacing of 70% of the market value went quiet · 26 Nov 2025 – 26 Dec 2025 −50% Dilutive fundraisePlacing of 35% of the market value completed · 29 Aug 2025 – 28 Sep 2025 −21% Dilutive fundraiseRights issue of 62% of the market value completed · 4 Apr 2025 – 22 Jun 2025 −48%

Company filings. Not investment advice.