Beowulf and its wholly owned Finnish subsidiary Grafintec Oy (Grafintec), provided an update for the advance site reservation in the GigaVaasa area for the establishment of the Graphite Anode Materials Plant ("GAMP"). On 14 February 2024, the municipality of Korsholm approved a renewal of the advance site reservation for Plot 1, Block 3017 in the Giga Vaasa area by a further six months. The extended advance site reservation is valid until 31 July 2024, with option to extend further.