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Through the dedicated and successful process development, Dannemora can be transformed from low quality to a high-quality iron ore producer.
Christer Lindqvist, CEO of the GRANGEX group
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GRANGEX announces completion of Optioneering Study for the restart of operations at the Sydvaranger Mine

On 6 May 2024, GRANGEX AB (publ) (“Grangex” or “the Company”) announced the completion of the acquisition of the Sydvaranger Mining AS (“Sydvaranger”).  Sydvaranger owns an iron ore mine in Kirkenes, Northern Norway (the “Sydvaranger Mine”). GRANGEX’s stated strategy is to restart production of ultra-high-grade direct reduction magnetite concentrate at the Sydvaranger Mine and to become a leading supplier to the European and global steel industries as they undergo the current ‘green steel revolution’. Post completion of the acquisition, GRANGEX established a technical steering

GRANGEX announces Updated Feasibility Study for the Dannemora Mine

On 16 December 2022, GRANGEX AB (publ) (“Grangex” or “the Company”) announced the results of a Feasibility Study for its 100% owned Dannemora mine, a brownfield high-grade magnetite concentrate project located in Southern Sweden (“Dannemora”). The Company is today pleased to announce the results of an Updated Feasibility Study (“DFS”) for Dannemora, confirming Dannemora’s technical and economic viability to be a producer of high-grade magnetite concentrate. The Updated DFS was completed by SLR Consulting Limited (“SLR”) in accordance with the JORC Code1). Together with the Company’s

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-

Press meeting regarding the GRANGEX acquisition of the Sydvaranger mine 6 May 13.30

In connection with today's press release regarding GRANGEX acquisition of Sydvaranger Mining AS and its mine, a press meeting will be held today at the processing plant in Kirkenes, Norway, at 13.30 CET.The press conference will be broadcast live on video with the link.https://www.youtube.com/watch?v=b4JHEMuzqqI&ab_channel=Sydvaranger Contact personChrister Lindqvist, Managing Director, telephone +46 70 591 04 83.

GRANGEX completes acquisition of Sydvaranger Mining AS

On 30 November 2023, GRANGEX AB (publ) (“GRANGEX” or “the Company”) 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 (the “Sydvaranger Mine”). On 22 December 2023, GRANGEX further announced that it had entered into a US$17,500,000 royalty agreement (“Royalty Agreement”) with Anglo American for the part-funding of the Sydvaranger acquisition and for

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

GRANGEX resolves on a rights issue of shares of approximately MSEK 81.2

FRIDAY, 22 DECEMBER 2023, 14.30 CET THIS PRESS RELEASE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SWITZERLAND, SOUTH AFRICA, USA OR ANY OTHER JURISDICTION WHERE SUCH MEASURE IN WHOLE OR IN PART IS SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AND OFFER OR INVITATION TO ACQUIRE OR SUBSCRIBE FOR ANY SECURITIES IN GRANGEX AB (PUBL) IN ANY JURISDICTION. PLEASE ALSO REFER TO “IMPORTANT INFORMATION” BELOW. As a first step to finance the purchase and

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

GRANGEX enters into an agreement to acquire Sydvaranger Mining AS

GRANGEX AB (“Grangex”, “Purchaser”) today announces that it has executed a conditional sale and purchase agreement (“SPA”) with OMF Fund II H Ltd (“Orion”, “Seller”) for the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”) from Orion for a total consideration of USD 33 million. 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 its sustainable mining strategy.On 29 June 2023 Grangex announced the execution of an exclusivity

GRANGEX enters into an exclusivity agreement to acquire Sydvaranger Mining AS

GRANGEX AB (“Grangex”) today announces that it has entered into an exclusivity agreement with OMF Fund II H Ltd (“Orion”) for the purposes of negotiating final definitive documentation in relation to the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”) from Orion for a total consideration of USD 33 million. Sydvaranger owns a high-grade iron ore mine in Kirkenes, Northern Norway, where Grangex aims to restart production of ultra-high-grade iron ore, in line with its sustainable mining strategy. Orion is a leading private investment fund

Land and Environmental Court grants authorisation for the restart of the Dannemora mine

GRANGEX is pleased to announce that today the Land and Environmental Court in Nacka (Mark- och Miljödomstolen i Nack) has issued a judgement. The Land and Environmental Court approves the environmental impact assessment, completes the environmental assessment and grants Dannemora Iron AB a permit for mining operations etc. and water operations at the Dannemora mine in Östhammar municipality according to Chapters 9 and 11 of the Environmental Code."This is a historic day for the Dannemora mine and of course GRANGEX. The fact that in less than a year from the time we submitted our application

GRANGEX signs a USD 10 million Royalty Agreement and a binding term sheet for an Offtake Agreement with Anglo American

Grängesberg Exploration Holding AB (publ) (“GRANGEX” or the “Company”) is pleased to announce that the Company, through its wholly owned subsidiary Dannemora Iron AB, today has secured a binding term sheet for an offtake agreement (the “Offtake Agreement”) for the entire planned production of low carbon ultra-high-grade magnetite concentrate at the Dannemora mine, with global miner Anglo American. The exclusive Offtake Agreement covers the entire Life of Mine, estimated to 11 years and a production of ~1.0Mt iron ore per year, with an indicative total revenue value of approx. SEK 15 billion,

GRANGEX notes strong interest for Dannemora’s high-quality iron ore concentrate – appoints financial advisors

Grängesberg Exploration Holding AB ("GRANGEX" or ”the Company") has appointed Swedbank AB and SpareBank 1 Markets AS as financial advisors for the project financing of the restart of the Dannemora iron ore mine, as well as the build-up of the circular apatite project in 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

GRANGEX presents positive results for the Dannemora mine Feasibility Study

Grängesberg Exploration Holding AB - GRANGEX - presents the results of a Feasibility study (the Study or FS) for the recommencement of mining at their Dannemora Iron Mine, with a carbon free focus. The Study establishes, among more, that Dannemora can be a producer of high-grade iron ore concentrate with a very low carbon footprint, having strong pre-requirements to become a preferred supplier for green steel producers. The Study was prepared and signed by SLR Consulting Limited (“SLR”) [1]. [1] Key members of the SLR team for the FS were part of the same team that executed the Scoping

The Pre-Feasibility Study on Dannemora confirms viable possibilities for “green” iron ore production

Grängesberg Exploration Holding AB - GRANGEX - presents the results of the completed Pre-feasibility study (PFS) of the conditions for the recommencement of production in the Dannemora mine. The key objective for the PFS has been to investigate the possibility to develop Dannemora as a carbon-free mine operation. The PFS confirms the possibility of producing a high-grade iron ore concentrate with a much-reduced carbon footprint and that the project should be taken to the final feasibility study stage. The study is a continuation of the Scoping Study presented in May 2021 and shows

Good possibilities for a restart of the Dannemora mine -Scoping study indicates conditions to produce 67.9 % iron ore concentrate

Nordic SME listed Grängesberg Exploration Holding AB - GRANGEX - presents the results of the completed Scoping study that indicates good conditions regarding the restart of the Dannemora mine. The study shows that it's possible to produce an iron ore concentrate with very high quality. The overall conclusion of the comprehensive study is that with the proposals on how a restart of the Dannemora mine can be carried out and with the cost calculations prepared, there are good conditions to restart the Dannemora mine and produce an iron ore concentrate, containing 67.9 % iron, that is in high

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