Grängesberg
With production start set out already in 2025, GRANGEX will - according to plan - through Dannemora become the first green producer of highly enriched magnetite concentrate, meeting the quality requirements for the production of sponge iron, a central component in green steelmaking. The concentrate from Dannemora will moreover have among the lowest carbon footprint in the industry.
The financial advisors will work with structuring and implementing a favourable and sustainable capital structure for GRANGEX. The work will extend over two phases and is set to be completed by Dannemora's production start. Different capital markets financing alternatives as well as various project arrangements are in scope, where dialogues with several well-reputed, global strategic and financial investors have already been initiated.
In connection with ongoing discussions, GRANGEX today publishes the attached "Company update" presentation, which is also available on the Company's website.
"During 2022, we have made substantial progress towards a restart of the Dannemora mine, quickly progressing towards establishing the greenest magnetite producer in the world. The year was intense, ending with the publication of the final feasibility study in December, which marked the end of the investigation phase and the start of the construction phase. At the same time, the process is ongoing at the
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ABOUT GRANGEX, GRÄNGESBERG EXPLORATION HOLDING AB (publ)
Grängesberg
The Company's share (GRANGX) Is traded on NGM Nordic SME.
ISIN-code: SE0018014243
FISN-code: GRANGESBER/SH
Instrument-ID: 9XX
Legal Entity Identifier (LEI) number: 549300MZ7HL7X6AXMC13.
grangex.se
https://news.cision.com/grangesberg-exploration-holding-ab/r/grangex-notes-strong-interest-for-dannemora-s-high-quality-iron-ore-concentrate---appoints-financial,c3694451
https://mb.cision.com/Public/15169/3694451/a0dd14598d6b0624.pdf
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