The Company’s purpose is to be a responsible and innovative mining company that creates value for our shareholders, wider society, and the environment by producing critical raw materials essential for the green energy transition.
The Company’s portfolio is diversified by commodity, geography and development stage.
The Company, through its wholly-owned subsidiary Jokkmokk Iron Mines AB, is advancing the Kallak iron ore project in northern Sweden from which test-work has produced a market leading magnetite concentrate of 71.5% iron content. In the Kallak area, 171 Mt of iron resource has been defined with further exploration upside identified, a potential source of high-quality iron ore for fossil-free steel making in Norrbotten for decades to come.
Grafintec, a wholly-owned subsidiary, is focused on developing a Graphite Anode Materials Plant (GAMP) to produce anode material for the lithium-ion battery industry. Grafintec has a site reserved within the GigaVaasa industrial hub. In addition, the Company holds a number of exploration projects including one of Europe’s largest flake graphite resources, Aitolampi, which has a defined resource of 1,275,000 tonnes contained graphite.
In Kosovo, the Company’s wholly-owned subsidiary, Vardar Minerals is focused on exploration in the Tethyan Belt, a major orogenic metallogenic province for base and precious metals. Vardar is delivering exciting results at its Mitrovica and Shala licences in the north of Kosovo which have several exploration targets, including lead, zinc, copper, and gold. Vardar also holds the Viti licences which are showing potential for copper-gold porphyry mineralisation and lithium-boron mineralisation . With Beowulf’s support, Vardar is focused on making a discovery.
Through Kallak and GAMP, the Company has two advanced projects progressing through pre-feasibility studies and through Vardar and Beowulf’s other exploration assets, the Company has the potential to make an economic discovery.