Grangex AB

GRANGX

SE0018014243

Iron & Steel

End-of-day quote NORDIC GROWTH MARKET Other stock markets 06:00:00 2024-05-23 pm EDT			5-day change	1st Jan Change
9.25 ^SEK	+2.21%		-0.54%	-60.97%

May. 08	Anglo American, Grangex Sign Offtake Agreement for Norwegian Iron Ore Mine	MT
May. 08	Grangex AB Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Grangex in Exclusive Talks to Buy Iron Ore Mine Owner in Norway

June 29, 2023 at 09:35 am EDT

Grangex AB (NGM:GRANGX) on June 29, 2023 said it is in exclusive talks to acquire Sydvaranger Mining AS for USD 33 million (EUR 30 million) from OMF Fund II H Ltd. Sydvaranger owns a high-grade iron ore mine in Northern Norway and a processing plant, with the project net present value of the asset estimated at USD 550 million. Grangex wants to restart production at the mine and will partner with Anglo American and the Tschudi Group on its future development. The purchase will complement Grangex's iron ore project Dannemora, located in Sweden, positioning the company as one of the leading developers of high-grade, low carbon pellet feed production in Scandinavia, according to the statement.

Clarksons Securities is advising OMF Fund II H Ltd. on the deal.

Latest news about Grangex AB

Anglo American, Grangex Sign Offtake Agreement for Norwegian Iron Ore Mine	May. 08	MT
Grangex AB Reports Earnings Results for the Full Year Ended December 31, 2023	May. 08	CI
Grangex AB completed the acquisition of Sydvaranger Mining AS from OMF Fund II (H) LP a fund managed by Orion Resource Partners.	May. 05	CI
Anglo American Commits $17.5 Million in Royalty Agreement with Grangex	Dec. 22	MT
Grangex AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Grangex AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-23	CI
Grangex in Exclusive Talks to Buy Iron Ore Mine Owner in Norway	23-06-29	CI
Grangex AB entered into an exclusivity agreement to acquire Sydvaranger Mining AS from OMF Fund II (H) LP a fund managed by Orion Mine Finance for $33 million.	23-06-28	CI
Grangex AB Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-16	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the Full Year Ended December 31, 2022	23-04-25	CI
Grängesberg Exploration Holding AB Presents Positive Results for the Dannemora Mine Feasibility Study	22-12-16	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-08	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-18	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-19	CI
Grängesberg Exploration Holding AB Presents the Results of the Completed Pre-Feasibility Study	22-01-19	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-18	CI
Gr?ngesberg Exploration Holding AB announced that it expects to receive TWD 7.8 million in funding	21-10-18	CI
Grängesberg Exploration Holding AB Presents the Results of the Completed Scoping Study At Dannemora Mine	21-05-27	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-21	CI
Grängesberg Exploration Holding AB Reports Earnings Results for the Nine Months Ended September 30, 2020	20-12-16	CI
Grängesberg Exploration AB completed the acquisition of Metallvärden i Sverige AB (publ.)(NGM:GRANGX) in a reverse merger transaction.	20-11-29	CI
Metallvärden i Sverige AB (publ.) cancelled the acquisition of MV/X AB from Zee Bee Ventures ApS.	20-08-11	CI
OT Oil AB cancelled the acquisition of Metallvärden i Sverige AB (publ.) in a reverse merger transaction.	20-06-13	CI
Metallvärden i Sverige AB (publ.) agreed to acquire MV/X AB from Zee Bee Ventures ApS.	19-08-11	CI
Grängesberg Exploration AB agreed to acquire Metallvärden i Sverige AB (publ.)(NGM:GRANGX) in a reverse merger transaction.	19-06-29	CI

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Company Profile

GRANGEX AB (publ), formerly Grangesberg Exploration Holding AB (publ), is a Sweden-based company active primarily in the metal industry. The Company's business concept is to primarily explore and develop sustainable apatite and iron ore deposits and become a sustainable raw material supplier to European industry in the ongoing climate change. GRANGEX intends for the Dannemora mine to become the carbon dioxide-free iron ore mine upon start-up, and for the GRANGEX Apatit project in Grangesberg to become the fossil-free producer of apatite.

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Iron & Steel

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