GRANGEX executes offtake agreement with Anglo American
On 6 May 2024, (“GRANGEX” or “the Company”) announced that it had completed the acquisition of 100% of the share capital of Sydvaranger Mining AS (“Sydvaranger”) from OMF Fund II H Ltd (“Orion”). Sydvaranger owns an iron ore mine in Kirkenes, Northern Norway (the “Sydvaranger Mine”). Further to the above announcement, the Company is today pleased to announce that it has executed an offtake agreement (“Offtake Agreement”) with Anglo American. Offtake Agreement The key terms of the Offtake Agreement are as follows: · Anglo American will purchase all life-of-mine ultra-high-