GRANGEX enters into an extension agreement for the Sydvaranger mine acquisition
On 30 November 2023, GRANGEX AB (publ) (“Grangex”)announced that it had 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 in line with is sustainable mining strategy. Further to that announcement, the Company is today pleased to announce that it has entered into an extension agreement with