GRANGEX enters into a Royalty Agreement with Anglo American in respect of its proposed acquisition of Sydvaranger Mining
FRIDAY, DECEMBER 22, 2023, 14:20 CET Report this content On 30 November 2023, GRANGEX AB (publ) (“Grangex” or “the Company”) announced that it has executed a conditional sale and purchase agreement (“SPA”) with OMF Fund II H Ltd (“Orion”) for the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”). Sydvaranger owns an iron ore mine in Kirkenes, Northern Norway, where Grangex aims to restart production of ultra-high-grade magnetite concentrate (the “Sydvaranger Mine”), in line with is sustainable mining strategy. Further to that