Beowulf Mining（BEM）株式概要ベオウルフ・マイニング社は、スウェーデン、フィンランド、コソボで天然資源資産の買収、探査、評価を行っている。 詳細BEM ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金0/6リスク分析キャッシュランウェイが1年未満である 過去1年間で株主の希薄化は大幅に進んだ 過去5年間で収益は年間8%減少しました。 収益が 100 万ドル未満 ( £0 )+2 さらなるリスクすべてのリスクチェックを見るBEM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUK£Current PriceUK£0.055該当なし内在価値ディスカウントEst. Revenue$PastFuture-3m12016201920222025202620282031Revenue UK£1.0Earnings UK£0.1AdvancedSet Fair ValueView all narrativesFeatured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.4% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative14.5kusers have viewed this narrative40users have liked this narrative1users have commented on this narrative280users have followed this narrativeRead narrativeBeowulf Mining plc 競合他社First Development ResourcesSymbol: AIM:FDRMarket cap: UK£3.4mAterianSymbol: LSE:ATNMarket cap: UK£3.8mPremier African MineralsSymbol: AIM:PREMMarket cap: UK£4.8mTertiary MineralsSymbol: AIM:TYMMarket cap: UK£4.1m価格と性能株価の高値、安値、推移の概要Beowulf Mining過去の株価現在の株価UK£0.05552週高値UK£0.1352週安値UK£0.04ベータ0.951ヶ月の変化0%3ヶ月変化-42.11%1年変化-56.00%3年間の変化-94.82%5年間の変化-97.44%IPOからの変化-91.20%最新ニュースお知らせ • Apr 30Beowulf Mining plc to Report Q1, 2026 Results on May 29, 2026Beowulf Mining plc announced that they will report Q1, 2026 results on May 29, 2026New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.17m market cap, or US$7.07m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).お知らせ • Jan 31Beowulf Mining plc to Report Fiscal Year 2025 Results on Feb 27, 2026Beowulf Mining plc announced that they will report fiscal year 2025 results on Feb 27, 2026お知らせ • Sep 22Beowulf and Jokkmokk Iron Mines AB Provides an Update on the Status of the Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB ("Jokkmokk Iron") provided an update on the status of the Kallak Iron Ore Project ("Kallak" or "the Project"). The preparation and submission of a robust Environmental Permit application remains the Company's top priority and to this end a number of workstreams have been advanced: Community and local stakeholder engagement remains a key focus to foster trust and transparency, inform and educate and also provide a valuable feedback loop to ensure that the Project's development aligns with stakeholder interests and to minimise and mitigate any negative impacts; Nature value inventory work was completed during the summer along the transport corridor between the mine and the railhead; Reindeer and wildlife management plan initiated along the Inlandsbanan; Sustainability framework developed to steer project development; Numerous technical workstreams have advanced, which are essential to the completion of the Pre-Feasibility Study ("PFS"). The Company continues to collaborate with key partners to explore effective solutions; Mining: Strategy being developed to produce and deploy nitrogen-free explosives, further reducing emissions; Autonomous, fully electric mining trucks being evaluated; Processing: Potential enhancements under review that could enable more cost- and energy-efficient crushing and grinding; Further enhancements planned for the final processing stage, where the concentrate is upgraded; Logistics and Transportation: Pipeline selected as the preferred transport solution between the mine and the nearest railway; Further steps being taken to optimise the rail configuration for the Kallak Project; Studies being initiated to design and evaluate an efficient magnetite concentrate handling facility in the port of Narvik, with a view to reducing permitting risks and minimising upfront capital costs. The Kallak deposit is one of Europe's largest untapped sources of iron ore, with the potential to produce a market-leading, high-grade, low-impurity magnetite concentrate that can support regional and global green steel production.New Risk • Aug 31New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.26m market cap, or US$8.47m).New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.56m market cap, or US$8.90m).最新情報をもっと見るRecent updatesお知らせ • Apr 30Beowulf Mining plc to Report Q1, 2026 Results on May 29, 2026Beowulf Mining plc announced that they will report Q1, 2026 results on May 29, 2026New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.17m market cap, or US$7.07m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).お知らせ • Jan 31Beowulf Mining plc to Report Fiscal Year 2025 Results on Feb 27, 2026Beowulf Mining plc announced that they will report fiscal year 2025 results on Feb 27, 2026お知らせ • Sep 22Beowulf and Jokkmokk Iron Mines AB Provides an Update on the Status of the Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB ("Jokkmokk Iron") provided an update on the status of the Kallak Iron Ore Project ("Kallak" or "the Project"). The preparation and submission of a robust Environmental Permit application remains the Company's top priority and to this end a number of workstreams have been advanced: Community and local stakeholder engagement remains a key focus to foster trust and transparency, inform and educate and also provide a valuable feedback loop to ensure that the Project's development aligns with stakeholder interests and to minimise and mitigate any negative impacts; Nature value inventory work was completed during the summer along the transport corridor between the mine and the railhead; Reindeer and wildlife management plan initiated along the Inlandsbanan; Sustainability framework developed to steer project development; Numerous technical workstreams have advanced, which are essential to the completion of the Pre-Feasibility Study ("PFS"). The Company continues to collaborate with key partners to explore effective solutions; Mining: Strategy being developed to produce and deploy nitrogen-free explosives, further reducing emissions; Autonomous, fully electric mining trucks being evaluated; Processing: Potential enhancements under review that could enable more cost- and energy-efficient crushing and grinding; Further enhancements planned for the final processing stage, where the concentrate is upgraded; Logistics and Transportation: Pipeline selected as the preferred transport solution between the mine and the nearest railway; Further steps being taken to optimise the rail configuration for the Kallak Project; Studies being initiated to design and evaluate an efficient magnetite concentrate handling facility in the port of Narvik, with a view to reducing permitting risks and minimising upfront capital costs. The Kallak deposit is one of Europe's largest untapped sources of iron ore, with the potential to produce a market-leading, high-grade, low-impurity magnetite concentrate that can support regional and global green steel production.New Risk • Aug 31New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.26m market cap, or US$8.47m).New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.56m market cap, or US$8.90m).お知らせ • May 23Beowulf Mining plc, Annual General Meeting, Jun 24, 2025Beowulf Mining plc, Annual General Meeting, Jun 24, 2025. Location: the offices of fieldfisher llp, riverbank house, 2 swan lane, ec4r 3tt, london United Kingdomお知らせ • May 08+ 1 more updateBeowulf Mining plc has completed a Follow-on Equity Offering in the amount of £1 million.Beowulf Mining plc has completed a Follow-on Equity Offering in the amount of £1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,980,877 Price\Range: £0.111348 Transaction Features: Subsequent Direct Listingお知らせ • Mar 10Beowulf and Grafintec Oy Announce the Successful Conclusion, and Robust Project Economics of the Pre-Feasibility Study from the Graphite Anode Materials PlantBeowulf and its wholly owned Finnish subsidiary Grafintec Oy announced the successful conclusion, and robust economics of the Pre-Feasibility Study from the Graphite Anode Materials Plant. The Company also provides a further update on its current financing position. Positive economics from initial Phase 1 development: Post-tax Net Present Value using a discount rate of 8% ("NPV 8") of EUR924 million and post-tax Internal Rate of Return ("IRR") of 37% over 25 years; Pre-tax NPV 8 of EUR1.2 billion and pre-tax IRR of 42% over 25 years; Initial capital cost of EUR225 million with a pay-back period of 3 years from initial production; Based on production of 25,000 tonnes per year of Coated Spherical Purified Graphite ("CSPG") Generates EUR120 million of Free Cash Flow ("FCF") per year and EUR150 million of Earnings before Interest, Tax, Depreciation and Amortisation ("EBITDA") per year when in full production; Future expansion in Phase 2 offers further upside: Post-tax NPV 8 of USD 2.2 billion and post-tax IRR of 38% over 25 years; Pre -tax NPV 8 of EUR2.8 billion and pre-tax IRV of 42% over 25 years. Based on expansion to 75,000 tonnes per year of CSPG with construction beginning in third year of Phase 1 production; Generates EUR361 million of FCF per year and EUR451 million of EBITDA per year when in full production. Further potential upside from: Vertical integration of Grafintec's graphite projects; Government and EU support through grant funding schemes and tax incentives aimed at large industrial investments supporting the transition to a net-zero economy. The study, which was led by consultants Anzaplan, has demonstrated the technical and financial viability of the GAMP project and supports Grafintec's ambition to be a critical player in the European battery materials supply chain. The test-work undertaken for the PFS was completed using a six-tonne sample sourced from preferred supplier, a miner with a multi-decade track record of producing high grade concentrate. Longer term, the Company will assess the viability of developing its own graphite mining projects and creating a European vertically integrated graphite business. The PFS anticipates an initial Phase 1 development to produce 25,000 tons per year of CSPG With the potential to increase output in Phase 2 to 75,000 tons per year. The process produces two SG products, a medium SG product of 18 microns ("SG-18") with a yield of 47% and a fine SG product of 8 microns ("SG-8") with a yield of 13%. The remaining material is high grade fine graphite which may have a number of industrial applications. Purification: upgrading SG from approximately 95% to greater than 99.95% graphitic carbon ("Cg") content through hydrometallurgical process to produce SPG-18 and SPG-8. This process involves caustic (sodium hydroxide) baking with a series of caustic and sulphuric acid leaching processes. The GAMP economic analysis was prepared by Anzaplan based on the test-work results and supported by quotes from third-party suppliers.New Risk • Feb 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.7m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.80m market cap, or US$8.56m).New Risk • Dec 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.7m free cash flow). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.83m market cap, or US$7.41m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).New Risk • Dec 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.7m free cash flow). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.38m market cap, or US$9.41m).New Risk • Oct 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: UK£6.99m (US$9.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.99m market cap, or US$9.12m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.7m). Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Oct 02Beowulf Mining plc Announces Initiation of the Consultation Process for the Kallak Iron Ore ProjectBeowulf announced that the Consultation Process for the Kallak or Gállok Iron Ore project ("Kallak" or "the Project") has commenced. Consultation is part of the Environmental Permitting process according to the Environmental Code (1998:808) and the Environmental Assessment Ordinance (2017:966) and aims to create a better basis for decisions by obtaining knowledge, ensuring quality and scope and reducing uncertainties for the future project. Furthermore, the consultation also aims to delimit the Environmental Impact Assessment and enable a transparent dialogue with authorities and the general public. The consultation is important for the Company to be able to obtain views from those who may be affected by the planned development of Kallak. These views will be taken into account in further investigations and planning, and all comments will be compiled in a statement that will be submitted with the Environmental Permit application. The consultation report will also show how the issues that have arisen during the consultation have been handled. Once the Environmental Permit application has been submitted to the responsible review authority, in this case the Land and Environment Court, the application is usually sent to various authorities who are allowed to comment on whether the application is complete or if there is a need for supplementary information. If the Court considers that the application is not complete, the Company will be given the opportunity to provide the additional required information. When the application is deemed complete, it will be announced. The purpose of the announcement is to give interested parties the opportunity to submit their views. The Company will be given the opportunity to respond to the comments that have been received, after which a main hearing is normally held. The main hearing is an open meeting usually held in a location close to the intended activity. Sometime after the main hearing, the Court will issue a judgment in the case. A judgment from the Land and Environment Court can be appealed by authorities and interested parties. Judgments from the Land and Environment Court are appealed to the Land and Environment Court of Appeal. In order for the Land and Environment Court of Appeal to take up the case, the Court must, following receipt of an appeal, grant a leave to appeal. If the Land and Environment Court of Appeal does not grant leave to appeal, the judgment of the Land and Environment Court applies, in other words, the Court's decision becomes final and the Environmental Permit becomes valid. The consultation process will remain open until mid-November. The Company will then complete any additional investigation work and plans to submit the Environmental Permit application in the Spring of 2025. The Court is then expected to take approximately two years to review the application.お知らせ • Sep 05Beowulf and Jokkmokk Iron Mines AB Provide an Update on the Metallurgical Test-Work Programme Completed for the Kallak or Gallok Iron Ore ProjectBeowulf and Jokkmokk Iron Mines AB provided an update on the metallurgical test-work programme completed for the Kallak or Gallok Iron Ore project. The 2024 metallurgical test-work programme comprised mineralogical analysis using TESCAN TIMA to assess particle-by-particle measurement of mineralogy, grind size, liberation, and separation. This mineralogical study supplemented prior QUEMSCAN studies, which do not distinguish iron oxide minerals, and was supported by microscopic investigations. The TIMA liberation data confirmed previous measurements suggesting magnetite and maghemite may be liberated at P(80) 40 microns. Comminution test-work on representative samples indicated that the crushing characteristics of the ore are relatively soft whilst it is generally relatively hard from an abrasion/attrition perspective. This suggests that Fully Autogenous Grinding (FAG) or Semi-Autogenous Grinding (SAG) will be appropriate with the data being used to model likely equipment sizing. Samples from the comminution testing were then combined to form a composite sample with proportions designed to be representative of the Kallak orebody, particularly in the early years of mine life. Wet Low-Intensity Magnetic Separation ("WLIMS") of this composite sample produce a product with a grade of 68.82% Fe, 3.41 % SiO2 and 0.22 % Al2O3, whilst results from the maghemite sample generated a product grading 68.61% Fe, 3.63 % SiO2 and 0.23 % Al2O3. Both samples could then be further upgraded using the LJC technology to over 70% Fe with close to 2% SiO2, a product deemed to be a suitable DRI feedstock. Based on the results of the metallurgical test-work, a conventional magnetite flowsheet is envisaged with a crushing and grinding circuit and series of WLIMS units working in sequence to recover the magnetic magnetite and maghemite fractions. A single concentrate would be produced with a grade of 68.8% Fe which in turn could be further upgraded with the non-chemical LJC Technology to over 70% Fe. Based on the mining rate of 9 million tonnes per year ("Mtpa") of ore as envisaged in the Scoping Study, the preliminary metallurgical modelling suggests that approximately 2.7 Mtpa of 68.8% Fe containing less than 3.7% SiO2 and less than 0.23% Al2O3 would be produced. Further upgrading is anticipated to still produce approximately 2.7 Mtpa of the >70% Fe concentrate containing approximately 2% SiO2. The LJC Technology has the potential to upgrade this concentrate, although recoveries marginally decline, and there are capital and operating costs associated with its implementation. A trade-off study is therefore being conducted to determine whether the additional price premium for the higher grade material justifies the inclusion of the LJC Technology. This study will be completed within the coming weeks and determine the base case process flowsheet for the forthcoming PFS. Recoveries from the processing of the hematite ore have historically been low and economically marginal. Further test-work will be required to determine whether this portion of the orebody should be stockpiled for processing at the end of the mine life.New Risk • Sep 01New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£3.7m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.7m). Market cap is less than US$100m (UK£8.74m market cap, or US$11.5m).お知らせ • Jul 26Beowulf Mining plc to Report Q2, 2024 Results on Aug 21, 2024Beowulf Mining plc announced that they will report Q2, 2024 results on Aug 21, 2024お知らせ • Jul 16Beowulf Mining plc and Jokkmokk Iron Mines AB Provides an Update on the Gállok or Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB provided an update on the Gallok or Kallak Iron Ore project. Highlights Environmental permitting: Formal consultation process for the Environmental Impact Assessment ("EIA") to be initiated following the summer; This process will inform the completion of the EIA and subsequent Environmental Permit application; Reindeer Herding analysis, World Heritage Impact Assessments ("WHIA") and local stakeholder engagement ongoing; Submission of the Environmental Permit application now targeted for Spring 2025 Pre-Feasibility Study ("PFS"); Final results from metallurgical test-work anticipated within coming weeks; Initial indications confirm that Gallok can produce a very high grade, low impurity concentrate; Infill drilling programme, focused on upgrading Inferred resource to Measured and Indicated category, now expected to commence in Autumn 2024; Following this drilling, the Mineral Resource Estimate ("MRE") will be updated and form the basis of mine planning and reserve estimation; Other workstreams including metallurgy, mineral processing, waste management, site infrastructure and transportation and logistics are being advanced or nearing completion; Conclusion of the PFS now anticipated in second quarter 2025 to allow focus on environmental permitting activities. The consultation is a critical element of the EIA process and will inform the subsequent Environmental Permit application. In parallel with this, the company continue to progress numerous studies critical for the permitting process including the Reindeer Herding analysis. The company continue to progress numerous studiescritical for the permitting process including the reindeer Herding analysis, WHIA and Waste Management Plan. The initial step in the Environmental Permitting process is the completion of an EIA. This requires the broad parameters of the Project to be presented to a range of stakeholders including Government agencies and local communities. The initial consultation documentation is being prepared and the intention is to initiate the consultation process during Third Quarter 2024. It is anticipated that the consultation process will take approximately six weeks to complete. Thereafter, feedback from the consultation will be incorporated within the final EIA and subsequent Environmental Permit application. In parallel with the EIA consultation, a range of studies are required as part of the Environmental Permit application including: Hydrogeological assessment, Surface water impact assessment, Dust assessment, Noise assessment, Biodiversity assessment, Reindeer herding analysis, Ecological compensation plan, Social impact assessment, World Heritage impact assessment, Waste management plan including mine closure plan. The Environmental Permit application is submitted to the Environmental Court for review under the Environmental Code. The final submission of the application is anticipated in Spring 2025. Based on recent precedents in Sweden, the Environmental Court is now expected to take approximately two years to review the application. Following the approval of the Environmental Permit, the Company will also require a Land Designation Permit and Construction Permit prior to construction of the Project. The PFS consists of a broad range of workstreams assessing the technical and economic viability of the Project. Those that are well-advanced include: Metallurgy, Mineral Processing, Site Infrastructure, Logistics and Transportation, Water Management, Waste Management. With the infill drilling programme deferred until the autumn, the following workstreams are yet to be initiated although they will clearly build on the work already completed in the preparation for the Scoping Study released in 2023. These workstreams include: Mineral Resource Estimate, Mine Engineering and Scheduling, Mineral Reserve Estimation. With the conclusion of the technical studies, the economics of the project will be assessed including market studies and analysis of capital and operating costs. It is currently anticipated that the PFS will be completed in Second Quarter 2025, after which a Feasibility Study will be initiated which is expected to take approximately 12 months to conclude.お知らせ • Jun 05Beowulf Mining plc and Jokkmokk Iron Mines AB Provide an Update on the Gallok or Kallak Iron Ore ProjectBeowulf Mining plc and Jokkmokk Iron Mines AB provided an update on the Gallok or Kallak Iron Ore project. Stakeholder interaction: Positive engagement with delegation from UNESCO ("United Nations Educational, Scientific and Cultural Organization") to discuss the development of Gallok in the context of the Laponia World Heritage Site, Initiation of meetings with local stakeholders including landowners and Sami villages focused on developing collaborative approach to future activity, Environmental workstreams: Hydrogeology test-work initiated with ramp-up in activity in coming weeks, Continuation of baseline studies including bird surveys, water sampling and noise monitoring, Technical activity: Metallurgical test-work nearing completion; Open pit geotechnical field work completed with laboratory analysis underway; In-fill drilling planned for summer period primarily to upgrade Inferred resource to Measured and Indicated category, Trade-off study on location of tailings management facility completed with initial TMF design work underway, Logistics and transport study initiated with initial trade-off nearing completion. Permitting: Preparations are underway for the Environmental Impact Assessment and environmental permit application. While no specific timelines have been given, the decision from the Supreme Administrative Court is anticipated within the coming weeks.お知らせ • May 22Beowulf Mining plc, Annual General Meeting, Jun 14, 2024Beowulf Mining plc, Annual General Meeting, Jun 14, 2024. Location: 4 more london riverside, se1 2au, london United Kingdomお知らせ • May 10Beowulf Mining plc to Report Q1, 2024 Results on May 27, 2024Beowulf Mining plc announced that they will report Q1, 2024 results on May 27, 2024New Risk • Apr 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£13.9m market cap, or US$17.4m).お知らせ • Apr 04Beowulf Mining plc has completed a Follow-on Equity Offering in the amount of SEK 56.284687 million.Beowulf Mining plc has completed a Follow-on Equity Offering in the amount of SEK 56.284687 million. Security Name: Swedish Depository Receipts Security Type: Depositary Receipt (Common Stock) Securities Offered: 625,000,000 Price\Range: SEK 0.08 Security Name: Swedish Depository Receipts Security Type: Depositary Receipt (Common Stock) Securities Offered: 78,558,588 Price\Range: SEK 0.08 Transaction Features: Rights OfferingNew Risk • Mar 25New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: UK£7.81m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.81m market cap, or US$9.87m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).お知らせ • Feb 20Beowulf and Grafintec Oy Provide an Update for the Advance Site Reservation in the GigaVaasa Area for the Establishment of the Graphite Anode Materials PlantBeowulf and its wholly owned Finnish subsidiary Grafintec Oy (Grafintec), provided an update for the advance site reservation in the GigaVaasa area for the establishment of the Graphite Anode Materials Plant ("GAMP"). On 14 February 2024, the municipality of Korsholm approved a renewal of the advance site reservation for Plot 1, Block 3017 in the Giga Vaasa area by a further six months. The extended advance site reservation is valid until 31 July 2024, with option to extend further.お知らせ • Feb 16Beowulf Mining plc, Annual General Meeting, Mar 05, 2024Beowulf Mining plc, Annual General Meeting, Mar 05, 2024, at 14:00 Central European Standard Time. Location: Arena Sergel, Malmskillnadsgatan 36 Stockholm Sweden Agenda: To consider and approve the Proposed fundraise to advance Beowulf projects.New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£4.2m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (UK£20.4m market cap, or US$25.9m).New Risk • Nov 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£4.2m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (UK£18.2m market cap, or US$23.0m).お知らせ • Nov 01Beowulf and Jokkmokk Iron Mines AB Announces Renewal of Exploration Licence At the Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB announced that Jokkmokk Iron has been awarded exploration licence Kallak nr 101. The licence is a renewal of the previous exploration licence, Kallak nr 1, held by the Company and surrounds the Kallak exploitation concession, Kallak K nr 1, awarded in March 2022. The Kallak nr 101 exploration licence area includes the majority of the Kallak South-North deposit which contains total resources of 21 million tonnes at 26.9% Iron in Indicated category and 6 million tonnes at 23.4% Fe in Inferred category. In combination with the Kallak South-South deposit, which hosts 8 million tonnes at 26.1% Fe in Inferred category, the Kallak South deposits have the potential to add a number of years to the Kallak mine life. The exploration licence was issued with permit identification number 2023:765 according to the Minerals Act (1991:45) by the Mining Inspectorate of Sweden. The exploration permit covers an area of 397.09 hectares, remains valid from 26 October 2023 until 26 October 2026 and gives the exclusive right for the Company to undertake exploration work within the granted area in order to demonstrate the mineral potential. The application for Kallak nr 101, over the same area as expired licence Kallak nr 1, was submitted on 29 June 2023 after the Company was awarded an exemption from the customary one year ban on licence renewals following the termination or expiry of licences. This exemption was granted in light of the Company's Exploitation Concession, significant historical work completed and reasonable prospects for discovering additional iron ore. The terms of Kallak nr 101 are standard for exploration permits with the Company being required to submit a work plan prior to drilling and other exploration activity, reaching agreements with landowners to undertake activity and providing compensation for any impacts caused by this exploration activity. Jokkmokk Iron will continue to comply with the terms of the Exploitation Concession. Furthermore, the Company remains committed to developing a sustainable mine at Kallak that will benefit all stakeholders.お知らせ • Oct 26Beowulf and Jokkmokk Iron Mines AB Provide an Update on Recent Activity At the Kallak Iron Ore ProjectBeowulf and Jokkmokk Iron Mines AB provided an update on recent activity at the Kallak Iron Ore project ("Kallak project" or "the project") and the plan for its further advancement. The focus of activity over the majority of the year has been on initiating the baseline environmental studies required as part of the EIA and Environmental Permit application process. These environmental studies include: Natural values assessment · Initial fieldwork assessment of nature values completed including land, bird, and surface water surveys. · Water sampling is ongoing. · Follow-up bird survey to be undertaken during the spring and summer of 2024. Additional more in-depth studies will be required as the PFS advances and the project is better defined. Sound and vibration monitoring. Sound and vibration monitoring at four sites located in the vicinity of the Kallak project. Work began in July and is planned to continue for a full year to provide sufficient data for the EIA. Preliminary inventory of houses along the primary access road completed. A full house inventory will be required for both the project area and transportation routes in due course. Hydrology studies. Hydrological wells drilled in March 2023. · Will be used to assess pit dewatering and availability of water for plant. Pump testing to be undertaken during the spring and summer of 2024. Cultural heritage survey · Cultural heritage survey including desktop review and field studies were completed with a final report expected before the end of the year. Further studies will be required for both the project area and transportation routes in due course. The strategic review of the Kallak project focussed on opportunities to optimise the development plan and ultimately maximise the project's value. Significant technical work has been completed on the project, initially by the Swedish Geological Survey ("SGU") who completed 13 diamond core drillholes between 1948 and 1972 for a total of 1,999m. Subsequently, between 2010 and 2014, the Company drilled a further 132 diamond core drillholes for a total of 28,114m, with a drill spacing of 100m x 100m to 50m x 50m, sufficient to define the mineral resource estimate of 111Mt at 28% Fe in the Measured and Indicated category and 25Mt at 28.3% Fe in the Inferred category over the Kallak North project. The resources are defined under the Pan-European Reserves and Resources Reporting Committee ("PERC") Standards 2017, by Howard Baker (FAusIMM(CP)), an independent Competent Person as defined in the PERC Standard 2017. Given this drill density, no additional resource drilling is required for the completion of the PFS. In addition to standard laboratory assays and magnetic susceptibility measurements, a series of metallurgical test programmes have been conducted. Furthermore, during 2013, trial mining from a number of test pits across the Kallak North deposit was undertaken with bulk metallurgical test work being undertaken on approximately 500 tonnes of excavated material. The results from the historic test work have consistently demonstrated the ability to produce a high-grade concentrate of over 68% Fe with very low impurities. The metallurgical test work required for the PFS has been designed, incorporating an analysis of the historic programmes and with the support of Mineral Processing Engineer Bo Arvidson who has over 50 years industry experience, is considered a Competent Person in his field and was the metallurgy and mineral processing lead for the Scoping Study. Representative material for a total of more than 500kg from both drill-core and trial mining pits has been selected for a range of comminution and beneficiation tests. As a result, no metallurgical drilling will be required for the completion of the PFS. The strategic review has therefore confirmed that no additional resource or metallurgical drilling is required for the completion of the PFS. This has positive implications from both cost and timing perspectives. Having completed the strategic review, the Company has appointed SLR as lead consultant to manage the PFS. SLR will work with a number of other consultants, each specialists in their field, including metallurgy and processing, waste management, logistics, and transportation, to complete the various work streams and prepare the final PFS report.分析記事 • Oct 26Can Beowulf Mining (LON:BEM) Afford To Invest In Growth?There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...お知らせ • Jul 11Beowulf Announces Appointment of Mikael Schauman as Non-Executive DirectorBeowulf Mining plc announced that Mikael Schauman has been appointed to the Board as Non-Executive Director. Mikael Schauman, a Swedish national, has been involved in base metals for the past forty years. His experience stretches from industrial marketing of products of mining companies as well as worldwide responsibility for trading these products to Senior Management of a publicly listed mining company. Mikael is versed in the field of mining, management of mining companies as well as commercialisation of the products, including industrial marketing, agency business and third-party trading, on a global basis. Mikael Schauman holds a BSc in Finance fromStockholm School of Economics.He started his career at Boliden and subsequently spent 18 years at various commodity trading companies. For the past 16 years he served in the senior management of Lundin Mining Corporation as VP and SVP Commercial. In this role he had sole responsibility for the company's commercial organisation and world-wide sales.Mikael has at the same time actively contributed to increasing growth within Lundin Mining, for example via the acquisitions and mergers made over the years. In the role of senior manager, he has also contributed to developing the Groups sustainability work.お知らせ • Jun 28+ 1 more updateBeowulf Mining plc Appoints Ed Bowie as CEO, Effective 7 August 2023Beowulf Mining plc announced the appointment of Ed Bowie as the Company's new CEO. Ed has extensive experience in the international mining industry, where he has worked with strategic evaluations of mining and mineral projects, raising capital and as an advisor and fund manager across a broad range of commodities and jurisdictions. Ed Bowie holds an MA Honours Degree in Geology from Oxford University and an MSc from Imperial College in London. He has worked for nearly 30 years in the international mining industry, primarily focused on strategic evaluations of mining and mineral projects, business development, raising capital, M&A and fund management. For the last few years, he has worked in corporate development roles for mining and energy companies, with a focus on sustainability, growth strategies and financing solutions. Ed Bowie will take over as CEO on 7 August 2023. Mr. Edward Colin Bowie, aged 50, currently holds or has held the following directorships and partnerships in the last five years: Cora Gold Ltd, Impact Capital Ltd. and Amphi Capital Ltd.お知らせ • Jun 06Beowulf Mining plc, Annual General Meeting, Jun 29, 2023Beowulf Mining plc, Annual General Meeting, Jun 29, 2023, at 08:00 Central European Standard Time. Location: Waterfront Building, Klarabergsviadukten 63, 101 23 Stockholm Stockholm Swedenお知らせ • May 05+ 1 more updateBeowulf Mining plc Announces Executive ChangesBeowulf Mining plc announced that CEO, Kurt Budge, is stepping down from the Company with immediate effect to pursue other business interests. Kurt Budge has been with the Company for nine years and has been instrumental in the its growth, including the award of the Exploitation Concession for Kallak North. Kurt Budge will be replaced by Johan Röstin who will serve as interim CEO until a permanent successor is appointed. The board is confident in this interim solution and Johan's ability to lead the Company during this transitional period. Beowulf remains committed to its mission and values and the Company is looking forward to continuing its work to provide sustainable mining operations at Jokkmokk Iron (Sweden), Grafintec (Finland) and Vardar Minerals (Kosovo).分析記事 • Apr 25Beowulf Mining (LON:BEM) Is Making Moderate Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 21Is Beowulf Mining (LON:BEM) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Chris Davies was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Sep 01We Think Beowulf Mining (LON:BEM) Needs To Drive Business Growth CarefullyWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...分析記事 • Apr 29We're Hopeful That Beowulf Mining (LON:BEM) Will Use Its Cash WiselyThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Chris Davies was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Dec 26We Think Beowulf Mining (LON:BEM) Can Afford To Drive Business GrowthEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...分析記事 • Sep 12Here's Why We're Not At All Concerned With Beowulf Mining's (LON:BEM) Cash Burn SituationEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...分析記事 • May 29Beowulf Mining (LON:BEM) Is In A Strong Position To Grow Its BusinessEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...株主還元BEMGB Metals and MiningGB 市場7D0%6.9%2.4%1Y-56.0%92.2%21.7%株主還元を見る業界別リターン: BEM過去 1 年間で92.2 % の収益を上げたUK Metals and Mining業界を下回りました。リターン対市場: BEMは、過去 1 年間で21.7 % のリターンを上げたUK市場を下回りました。価格変動Is BEM's price volatile compared to industry and market?BEM volatilityBEM Average Weekly Movement10.9%Metals and Mining Industry Average Movement9.5%Market Average Movement5.7%10% most volatile stocks in GB Market11.5%10% least volatile stocks in GB Market3.1%安定した株価: BEMの株価は、 UK市場と比較して過去 3 か月間で変動しています。時間の経過による変動: BEMの weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてUKの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト198816Ed Bowiewww.beowulfmining.comベオウルフ・マイニング社は、スウェーデン、フィンランド、コソボにおける天然資源資産の取得、探査、評価に従事している。鉄鉱石、卑金属、鉛、亜鉛、金、銅、銀、グラファイト、その他鉱産物の探鉱を行っている。同社のプロジェクトには、スウェーデン北部ノルボッテン郡に位置するKallak鉄鉱石、スウェーデン南部ベルグスラーゲン地域に位置する面積225平方キロメートル、12,533ヘクタールからなるAtvidaberg探鉱ライセンス、フィンランド東部に位置する面積407ヘクタールのPitkajarviとAitolampi黒鉛探鉱がある。また、フィンランド東部のTuusniemiにある716ヘクタールのRaapysjarvi探鉱許可地、フィンランド西部の南オストロボスニア地方のLapuaにある889ヘクタールのKarhunmakiプロジェクト、コソボ北部にある27.1平方キロメートルのMitrovicaプロジェクト、コソボ南東部にあるVitiプロジェクト、87.5平方キロメートルのShala探鉱許可地の権益も保有している。以前はBeowulf Gold PLCとして知られていたが、2005年3月にBeowulf Mining plcに社名を変更した。ベオウルフ・マイニングplcは1988年に設立され、英国ロンドンに本社を置いている。ベオウルフ・マイニングplcは、HSBCグローバル・カストディ・ノミニー（UK）リミテッドの子会社として運営されている。もっと見るBeowulf Mining plc 基礎のまとめBeowulf Mining の収益と売上を時価総額と比較するとどうか。BEM 基礎統計学時価総額UK£3.56m収益（TTM）-UK£1.66m売上高(TTM)n/a0.0xP/Sレシオ-2.2xPER（株価収益率BEM は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計BEM 損益計算書（TTM）収益UK£0売上原価UK£0売上総利益UK£0その他の費用UK£1.66m収益-UK£1.66m直近の収益報告Dec 31, 2025次回決算日May 29, 2026一株当たり利益（EPS）-0.026グロス・マージン0.00%純利益率0.00%有利子負債／自己資本比率1.2%BEM の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 07:06終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Beowulf Mining plc 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Featured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.4% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative14.5kusers have viewed this narrative40users have liked this narrative1users have commented on this narrative280users have followed this narrativeRead narrative
お知らせ • Apr 30Beowulf Mining plc to Report Q1, 2026 Results on May 29, 2026Beowulf Mining plc announced that they will report Q1, 2026 results on May 29, 2026
New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.17m market cap, or US$7.07m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
お知らせ • Jan 31Beowulf Mining plc to Report Fiscal Year 2025 Results on Feb 27, 2026Beowulf Mining plc announced that they will report fiscal year 2025 results on Feb 27, 2026
お知らせ • Sep 22Beowulf and Jokkmokk Iron Mines AB Provides an Update on the Status of the Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB ("Jokkmokk Iron") provided an update on the status of the Kallak Iron Ore Project ("Kallak" or "the Project"). The preparation and submission of a robust Environmental Permit application remains the Company's top priority and to this end a number of workstreams have been advanced: Community and local stakeholder engagement remains a key focus to foster trust and transparency, inform and educate and also provide a valuable feedback loop to ensure that the Project's development aligns with stakeholder interests and to minimise and mitigate any negative impacts; Nature value inventory work was completed during the summer along the transport corridor between the mine and the railhead; Reindeer and wildlife management plan initiated along the Inlandsbanan; Sustainability framework developed to steer project development; Numerous technical workstreams have advanced, which are essential to the completion of the Pre-Feasibility Study ("PFS"). The Company continues to collaborate with key partners to explore effective solutions; Mining: Strategy being developed to produce and deploy nitrogen-free explosives, further reducing emissions; Autonomous, fully electric mining trucks being evaluated; Processing: Potential enhancements under review that could enable more cost- and energy-efficient crushing and grinding; Further enhancements planned for the final processing stage, where the concentrate is upgraded; Logistics and Transportation: Pipeline selected as the preferred transport solution between the mine and the nearest railway; Further steps being taken to optimise the rail configuration for the Kallak Project; Studies being initiated to design and evaluate an efficient magnetite concentrate handling facility in the port of Narvik, with a view to reducing permitting risks and minimising upfront capital costs. The Kallak deposit is one of Europe's largest untapped sources of iron ore, with the potential to produce a market-leading, high-grade, low-impurity magnetite concentrate that can support regional and global green steel production.
New Risk • Aug 31New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.26m market cap, or US$8.47m).
New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.56m market cap, or US$8.90m).
お知らせ • Apr 30Beowulf Mining plc to Report Q1, 2026 Results on May 29, 2026Beowulf Mining plc announced that they will report Q1, 2026 results on May 29, 2026
New Risk • Feb 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.17m market cap, or US$7.07m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change).
お知らせ • Jan 31Beowulf Mining plc to Report Fiscal Year 2025 Results on Feb 27, 2026Beowulf Mining plc announced that they will report fiscal year 2025 results on Feb 27, 2026
お知らせ • Sep 22Beowulf and Jokkmokk Iron Mines AB Provides an Update on the Status of the Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB ("Jokkmokk Iron") provided an update on the status of the Kallak Iron Ore Project ("Kallak" or "the Project"). The preparation and submission of a robust Environmental Permit application remains the Company's top priority and to this end a number of workstreams have been advanced: Community and local stakeholder engagement remains a key focus to foster trust and transparency, inform and educate and also provide a valuable feedback loop to ensure that the Project's development aligns with stakeholder interests and to minimise and mitigate any negative impacts; Nature value inventory work was completed during the summer along the transport corridor between the mine and the railhead; Reindeer and wildlife management plan initiated along the Inlandsbanan; Sustainability framework developed to steer project development; Numerous technical workstreams have advanced, which are essential to the completion of the Pre-Feasibility Study ("PFS"). The Company continues to collaborate with key partners to explore effective solutions; Mining: Strategy being developed to produce and deploy nitrogen-free explosives, further reducing emissions; Autonomous, fully electric mining trucks being evaluated; Processing: Potential enhancements under review that could enable more cost- and energy-efficient crushing and grinding; Further enhancements planned for the final processing stage, where the concentrate is upgraded; Logistics and Transportation: Pipeline selected as the preferred transport solution between the mine and the nearest railway; Further steps being taken to optimise the rail configuration for the Kallak Project; Studies being initiated to design and evaluate an efficient magnetite concentrate handling facility in the port of Narvik, with a view to reducing permitting risks and minimising upfront capital costs. The Kallak deposit is one of Europe's largest untapped sources of iron ore, with the potential to produce a market-leading, high-grade, low-impurity magnetite concentrate that can support regional and global green steel production.
New Risk • Aug 31New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.6m free cash flow). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.26m market cap, or US$8.47m).
New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 26% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.56m market cap, or US$8.90m).
お知らせ • May 23Beowulf Mining plc, Annual General Meeting, Jun 24, 2025Beowulf Mining plc, Annual General Meeting, Jun 24, 2025. Location: the offices of fieldfisher llp, riverbank house, 2 swan lane, ec4r 3tt, london United Kingdom
お知らせ • May 08+ 1 more updateBeowulf Mining plc has completed a Follow-on Equity Offering in the amount of £1 million.Beowulf Mining plc has completed a Follow-on Equity Offering in the amount of £1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,980,877 Price\Range: £0.111348 Transaction Features: Subsequent Direct Listing
お知らせ • Mar 10Beowulf and Grafintec Oy Announce the Successful Conclusion, and Robust Project Economics of the Pre-Feasibility Study from the Graphite Anode Materials PlantBeowulf and its wholly owned Finnish subsidiary Grafintec Oy announced the successful conclusion, and robust economics of the Pre-Feasibility Study from the Graphite Anode Materials Plant. The Company also provides a further update on its current financing position. Positive economics from initial Phase 1 development: Post-tax Net Present Value using a discount rate of 8% ("NPV 8") of EUR924 million and post-tax Internal Rate of Return ("IRR") of 37% over 25 years; Pre-tax NPV 8 of EUR1.2 billion and pre-tax IRR of 42% over 25 years; Initial capital cost of EUR225 million with a pay-back period of 3 years from initial production; Based on production of 25,000 tonnes per year of Coated Spherical Purified Graphite ("CSPG") Generates EUR120 million of Free Cash Flow ("FCF") per year and EUR150 million of Earnings before Interest, Tax, Depreciation and Amortisation ("EBITDA") per year when in full production; Future expansion in Phase 2 offers further upside: Post-tax NPV 8 of USD 2.2 billion and post-tax IRR of 38% over 25 years; Pre -tax NPV 8 of EUR2.8 billion and pre-tax IRV of 42% over 25 years. Based on expansion to 75,000 tonnes per year of CSPG with construction beginning in third year of Phase 1 production; Generates EUR361 million of FCF per year and EUR451 million of EBITDA per year when in full production. Further potential upside from: Vertical integration of Grafintec's graphite projects; Government and EU support through grant funding schemes and tax incentives aimed at large industrial investments supporting the transition to a net-zero economy. The study, which was led by consultants Anzaplan, has demonstrated the technical and financial viability of the GAMP project and supports Grafintec's ambition to be a critical player in the European battery materials supply chain. The test-work undertaken for the PFS was completed using a six-tonne sample sourced from preferred supplier, a miner with a multi-decade track record of producing high grade concentrate. Longer term, the Company will assess the viability of developing its own graphite mining projects and creating a European vertically integrated graphite business. The PFS anticipates an initial Phase 1 development to produce 25,000 tons per year of CSPG With the potential to increase output in Phase 2 to 75,000 tons per year. The process produces two SG products, a medium SG product of 18 microns ("SG-18") with a yield of 47% and a fine SG product of 8 microns ("SG-8") with a yield of 13%. The remaining material is high grade fine graphite which may have a number of industrial applications. Purification: upgrading SG from approximately 95% to greater than 99.95% graphitic carbon ("Cg") content through hydrometallurgical process to produce SPG-18 and SPG-8. This process involves caustic (sodium hydroxide) baking with a series of caustic and sulphuric acid leaching processes. The GAMP economic analysis was prepared by Anzaplan based on the test-work results and supported by quotes from third-party suppliers.
New Risk • Feb 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.7m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.80m market cap, or US$8.56m).
New Risk • Dec 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.7m free cash flow). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£5.83m market cap, or US$7.41m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).
New Risk • Dec 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£3.7m free cash flow). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.38m market cap, or US$9.41m).
New Risk • Oct 19New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: UK£6.99m (US$9.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£6.99m market cap, or US$9.12m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.7m). Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Oct 02Beowulf Mining plc Announces Initiation of the Consultation Process for the Kallak Iron Ore ProjectBeowulf announced that the Consultation Process for the Kallak or Gállok Iron Ore project ("Kallak" or "the Project") has commenced. Consultation is part of the Environmental Permitting process according to the Environmental Code (1998:808) and the Environmental Assessment Ordinance (2017:966) and aims to create a better basis for decisions by obtaining knowledge, ensuring quality and scope and reducing uncertainties for the future project. Furthermore, the consultation also aims to delimit the Environmental Impact Assessment and enable a transparent dialogue with authorities and the general public. The consultation is important for the Company to be able to obtain views from those who may be affected by the planned development of Kallak. These views will be taken into account in further investigations and planning, and all comments will be compiled in a statement that will be submitted with the Environmental Permit application. The consultation report will also show how the issues that have arisen during the consultation have been handled. Once the Environmental Permit application has been submitted to the responsible review authority, in this case the Land and Environment Court, the application is usually sent to various authorities who are allowed to comment on whether the application is complete or if there is a need for supplementary information. If the Court considers that the application is not complete, the Company will be given the opportunity to provide the additional required information. When the application is deemed complete, it will be announced. The purpose of the announcement is to give interested parties the opportunity to submit their views. The Company will be given the opportunity to respond to the comments that have been received, after which a main hearing is normally held. The main hearing is an open meeting usually held in a location close to the intended activity. Sometime after the main hearing, the Court will issue a judgment in the case. A judgment from the Land and Environment Court can be appealed by authorities and interested parties. Judgments from the Land and Environment Court are appealed to the Land and Environment Court of Appeal. In order for the Land and Environment Court of Appeal to take up the case, the Court must, following receipt of an appeal, grant a leave to appeal. If the Land and Environment Court of Appeal does not grant leave to appeal, the judgment of the Land and Environment Court applies, in other words, the Court's decision becomes final and the Environmental Permit becomes valid. The consultation process will remain open until mid-November. The Company will then complete any additional investigation work and plans to submit the Environmental Permit application in the Spring of 2025. The Court is then expected to take approximately two years to review the application.
お知らせ • Sep 05Beowulf and Jokkmokk Iron Mines AB Provide an Update on the Metallurgical Test-Work Programme Completed for the Kallak or Gallok Iron Ore ProjectBeowulf and Jokkmokk Iron Mines AB provided an update on the metallurgical test-work programme completed for the Kallak or Gallok Iron Ore project. The 2024 metallurgical test-work programme comprised mineralogical analysis using TESCAN TIMA to assess particle-by-particle measurement of mineralogy, grind size, liberation, and separation. This mineralogical study supplemented prior QUEMSCAN studies, which do not distinguish iron oxide minerals, and was supported by microscopic investigations. The TIMA liberation data confirmed previous measurements suggesting magnetite and maghemite may be liberated at P(80) 40 microns. Comminution test-work on representative samples indicated that the crushing characteristics of the ore are relatively soft whilst it is generally relatively hard from an abrasion/attrition perspective. This suggests that Fully Autogenous Grinding (FAG) or Semi-Autogenous Grinding (SAG) will be appropriate with the data being used to model likely equipment sizing. Samples from the comminution testing were then combined to form a composite sample with proportions designed to be representative of the Kallak orebody, particularly in the early years of mine life. Wet Low-Intensity Magnetic Separation ("WLIMS") of this composite sample produce a product with a grade of 68.82% Fe, 3.41 % SiO2 and 0.22 % Al2O3, whilst results from the maghemite sample generated a product grading 68.61% Fe, 3.63 % SiO2 and 0.23 % Al2O3. Both samples could then be further upgraded using the LJC technology to over 70% Fe with close to 2% SiO2, a product deemed to be a suitable DRI feedstock. Based on the results of the metallurgical test-work, a conventional magnetite flowsheet is envisaged with a crushing and grinding circuit and series of WLIMS units working in sequence to recover the magnetic magnetite and maghemite fractions. A single concentrate would be produced with a grade of 68.8% Fe which in turn could be further upgraded with the non-chemical LJC Technology to over 70% Fe. Based on the mining rate of 9 million tonnes per year ("Mtpa") of ore as envisaged in the Scoping Study, the preliminary metallurgical modelling suggests that approximately 2.7 Mtpa of 68.8% Fe containing less than 3.7% SiO2 and less than 0.23% Al2O3 would be produced. Further upgrading is anticipated to still produce approximately 2.7 Mtpa of the >70% Fe concentrate containing approximately 2% SiO2. The LJC Technology has the potential to upgrade this concentrate, although recoveries marginally decline, and there are capital and operating costs associated with its implementation. A trade-off study is therefore being conducted to determine whether the additional price premium for the higher grade material justifies the inclusion of the LJC Technology. This study will be completed within the coming weeks and determine the base case process flowsheet for the forthcoming PFS. Recoveries from the processing of the hematite ore have historically been low and economically marginal. Further test-work will be required to determine whether this portion of the orebody should be stockpiled for processing at the end of the mine life.
New Risk • Sep 01New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -UK£3.7m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-UK£3.7m). Market cap is less than US$100m (UK£8.74m market cap, or US$11.5m).
お知らせ • Jul 26Beowulf Mining plc to Report Q2, 2024 Results on Aug 21, 2024Beowulf Mining plc announced that they will report Q2, 2024 results on Aug 21, 2024
お知らせ • Jul 16Beowulf Mining plc and Jokkmokk Iron Mines AB Provides an Update on the Gállok or Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB provided an update on the Gallok or Kallak Iron Ore project. Highlights Environmental permitting: Formal consultation process for the Environmental Impact Assessment ("EIA") to be initiated following the summer; This process will inform the completion of the EIA and subsequent Environmental Permit application; Reindeer Herding analysis, World Heritage Impact Assessments ("WHIA") and local stakeholder engagement ongoing; Submission of the Environmental Permit application now targeted for Spring 2025 Pre-Feasibility Study ("PFS"); Final results from metallurgical test-work anticipated within coming weeks; Initial indications confirm that Gallok can produce a very high grade, low impurity concentrate; Infill drilling programme, focused on upgrading Inferred resource to Measured and Indicated category, now expected to commence in Autumn 2024; Following this drilling, the Mineral Resource Estimate ("MRE") will be updated and form the basis of mine planning and reserve estimation; Other workstreams including metallurgy, mineral processing, waste management, site infrastructure and transportation and logistics are being advanced or nearing completion; Conclusion of the PFS now anticipated in second quarter 2025 to allow focus on environmental permitting activities. The consultation is a critical element of the EIA process and will inform the subsequent Environmental Permit application. In parallel with this, the company continue to progress numerous studies critical for the permitting process including the Reindeer Herding analysis. The company continue to progress numerous studiescritical for the permitting process including the reindeer Herding analysis, WHIA and Waste Management Plan. The initial step in the Environmental Permitting process is the completion of an EIA. This requires the broad parameters of the Project to be presented to a range of stakeholders including Government agencies and local communities. The initial consultation documentation is being prepared and the intention is to initiate the consultation process during Third Quarter 2024. It is anticipated that the consultation process will take approximately six weeks to complete. Thereafter, feedback from the consultation will be incorporated within the final EIA and subsequent Environmental Permit application. In parallel with the EIA consultation, a range of studies are required as part of the Environmental Permit application including: Hydrogeological assessment, Surface water impact assessment, Dust assessment, Noise assessment, Biodiversity assessment, Reindeer herding analysis, Ecological compensation plan, Social impact assessment, World Heritage impact assessment, Waste management plan including mine closure plan. The Environmental Permit application is submitted to the Environmental Court for review under the Environmental Code. The final submission of the application is anticipated in Spring 2025. Based on recent precedents in Sweden, the Environmental Court is now expected to take approximately two years to review the application. Following the approval of the Environmental Permit, the Company will also require a Land Designation Permit and Construction Permit prior to construction of the Project. The PFS consists of a broad range of workstreams assessing the technical and economic viability of the Project. Those that are well-advanced include: Metallurgy, Mineral Processing, Site Infrastructure, Logistics and Transportation, Water Management, Waste Management. With the infill drilling programme deferred until the autumn, the following workstreams are yet to be initiated although they will clearly build on the work already completed in the preparation for the Scoping Study released in 2023. These workstreams include: Mineral Resource Estimate, Mine Engineering and Scheduling, Mineral Reserve Estimation. With the conclusion of the technical studies, the economics of the project will be assessed including market studies and analysis of capital and operating costs. It is currently anticipated that the PFS will be completed in Second Quarter 2025, after which a Feasibility Study will be initiated which is expected to take approximately 12 months to conclude.
お知らせ • Jun 05Beowulf Mining plc and Jokkmokk Iron Mines AB Provide an Update on the Gallok or Kallak Iron Ore ProjectBeowulf Mining plc and Jokkmokk Iron Mines AB provided an update on the Gallok or Kallak Iron Ore project. Stakeholder interaction: Positive engagement with delegation from UNESCO ("United Nations Educational, Scientific and Cultural Organization") to discuss the development of Gallok in the context of the Laponia World Heritage Site, Initiation of meetings with local stakeholders including landowners and Sami villages focused on developing collaborative approach to future activity, Environmental workstreams: Hydrogeology test-work initiated with ramp-up in activity in coming weeks, Continuation of baseline studies including bird surveys, water sampling and noise monitoring, Technical activity: Metallurgical test-work nearing completion; Open pit geotechnical field work completed with laboratory analysis underway; In-fill drilling planned for summer period primarily to upgrade Inferred resource to Measured and Indicated category, Trade-off study on location of tailings management facility completed with initial TMF design work underway, Logistics and transport study initiated with initial trade-off nearing completion. Permitting: Preparations are underway for the Environmental Impact Assessment and environmental permit application. While no specific timelines have been given, the decision from the Supreme Administrative Court is anticipated within the coming weeks.
お知らせ • May 22Beowulf Mining plc, Annual General Meeting, Jun 14, 2024Beowulf Mining plc, Annual General Meeting, Jun 14, 2024. Location: 4 more london riverside, se1 2au, london United Kingdom
お知らせ • May 10Beowulf Mining plc to Report Q1, 2024 Results on May 27, 2024Beowulf Mining plc announced that they will report Q1, 2024 results on May 27, 2024
New Risk • Apr 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£13.9m market cap, or US$17.4m).
お知らせ • Apr 04Beowulf Mining plc has completed a Follow-on Equity Offering in the amount of SEK 56.284687 million.Beowulf Mining plc has completed a Follow-on Equity Offering in the amount of SEK 56.284687 million. Security Name: Swedish Depository Receipts Security Type: Depositary Receipt (Common Stock) Securities Offered: 625,000,000 Price\Range: SEK 0.08 Security Name: Swedish Depository Receipts Security Type: Depositary Receipt (Common Stock) Securities Offered: 78,558,588 Price\Range: SEK 0.08 Transaction Features: Rights Offering
New Risk • Mar 25New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: UK£7.81m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.81m market cap, or US$9.87m). Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
お知らせ • Feb 20Beowulf and Grafintec Oy Provide an Update for the Advance Site Reservation in the GigaVaasa Area for the Establishment of the Graphite Anode Materials PlantBeowulf and its wholly owned Finnish subsidiary Grafintec Oy (Grafintec), provided an update for the advance site reservation in the GigaVaasa area for the establishment of the Graphite Anode Materials Plant ("GAMP"). On 14 February 2024, the municipality of Korsholm approved a renewal of the advance site reservation for Plot 1, Block 3017 in the Giga Vaasa area by a further six months. The extended advance site reservation is valid until 31 July 2024, with option to extend further.
お知らせ • Feb 16Beowulf Mining plc, Annual General Meeting, Mar 05, 2024Beowulf Mining plc, Annual General Meeting, Mar 05, 2024, at 14:00 Central European Standard Time. Location: Arena Sergel, Malmskillnadsgatan 36 Stockholm Sweden Agenda: To consider and approve the Proposed fundraise to advance Beowulf projects.
New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£4.2m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (UK£20.4m market cap, or US$25.9m).
New Risk • Nov 30New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£4.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£4.2m free cash flow). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (UK£18.2m market cap, or US$23.0m).
お知らせ • Nov 01Beowulf and Jokkmokk Iron Mines AB Announces Renewal of Exploration Licence At the Kallak Iron Ore ProjectBeowulf and its wholly owned Swedish subsidiary Jokkmokk Iron Mines AB announced that Jokkmokk Iron has been awarded exploration licence Kallak nr 101. The licence is a renewal of the previous exploration licence, Kallak nr 1, held by the Company and surrounds the Kallak exploitation concession, Kallak K nr 1, awarded in March 2022. The Kallak nr 101 exploration licence area includes the majority of the Kallak South-North deposit which contains total resources of 21 million tonnes at 26.9% Iron in Indicated category and 6 million tonnes at 23.4% Fe in Inferred category. In combination with the Kallak South-South deposit, which hosts 8 million tonnes at 26.1% Fe in Inferred category, the Kallak South deposits have the potential to add a number of years to the Kallak mine life. The exploration licence was issued with permit identification number 2023:765 according to the Minerals Act (1991:45) by the Mining Inspectorate of Sweden. The exploration permit covers an area of 397.09 hectares, remains valid from 26 October 2023 until 26 October 2026 and gives the exclusive right for the Company to undertake exploration work within the granted area in order to demonstrate the mineral potential. The application for Kallak nr 101, over the same area as expired licence Kallak nr 1, was submitted on 29 June 2023 after the Company was awarded an exemption from the customary one year ban on licence renewals following the termination or expiry of licences. This exemption was granted in light of the Company's Exploitation Concession, significant historical work completed and reasonable prospects for discovering additional iron ore. The terms of Kallak nr 101 are standard for exploration permits with the Company being required to submit a work plan prior to drilling and other exploration activity, reaching agreements with landowners to undertake activity and providing compensation for any impacts caused by this exploration activity. Jokkmokk Iron will continue to comply with the terms of the Exploitation Concession. Furthermore, the Company remains committed to developing a sustainable mine at Kallak that will benefit all stakeholders.
お知らせ • Oct 26Beowulf and Jokkmokk Iron Mines AB Provide an Update on Recent Activity At the Kallak Iron Ore ProjectBeowulf and Jokkmokk Iron Mines AB provided an update on recent activity at the Kallak Iron Ore project ("Kallak project" or "the project") and the plan for its further advancement. The focus of activity over the majority of the year has been on initiating the baseline environmental studies required as part of the EIA and Environmental Permit application process. These environmental studies include: Natural values assessment · Initial fieldwork assessment of nature values completed including land, bird, and surface water surveys. · Water sampling is ongoing. · Follow-up bird survey to be undertaken during the spring and summer of 2024. Additional more in-depth studies will be required as the PFS advances and the project is better defined. Sound and vibration monitoring. Sound and vibration monitoring at four sites located in the vicinity of the Kallak project. Work began in July and is planned to continue for a full year to provide sufficient data for the EIA. Preliminary inventory of houses along the primary access road completed. A full house inventory will be required for both the project area and transportation routes in due course. Hydrology studies. Hydrological wells drilled in March 2023. · Will be used to assess pit dewatering and availability of water for plant. Pump testing to be undertaken during the spring and summer of 2024. Cultural heritage survey · Cultural heritage survey including desktop review and field studies were completed with a final report expected before the end of the year. Further studies will be required for both the project area and transportation routes in due course. The strategic review of the Kallak project focussed on opportunities to optimise the development plan and ultimately maximise the project's value. Significant technical work has been completed on the project, initially by the Swedish Geological Survey ("SGU") who completed 13 diamond core drillholes between 1948 and 1972 for a total of 1,999m. Subsequently, between 2010 and 2014, the Company drilled a further 132 diamond core drillholes for a total of 28,114m, with a drill spacing of 100m x 100m to 50m x 50m, sufficient to define the mineral resource estimate of 111Mt at 28% Fe in the Measured and Indicated category and 25Mt at 28.3% Fe in the Inferred category over the Kallak North project. The resources are defined under the Pan-European Reserves and Resources Reporting Committee ("PERC") Standards 2017, by Howard Baker (FAusIMM(CP)), an independent Competent Person as defined in the PERC Standard 2017. Given this drill density, no additional resource drilling is required for the completion of the PFS. In addition to standard laboratory assays and magnetic susceptibility measurements, a series of metallurgical test programmes have been conducted. Furthermore, during 2013, trial mining from a number of test pits across the Kallak North deposit was undertaken with bulk metallurgical test work being undertaken on approximately 500 tonnes of excavated material. The results from the historic test work have consistently demonstrated the ability to produce a high-grade concentrate of over 68% Fe with very low impurities. The metallurgical test work required for the PFS has been designed, incorporating an analysis of the historic programmes and with the support of Mineral Processing Engineer Bo Arvidson who has over 50 years industry experience, is considered a Competent Person in his field and was the metallurgy and mineral processing lead for the Scoping Study. Representative material for a total of more than 500kg from both drill-core and trial mining pits has been selected for a range of comminution and beneficiation tests. As a result, no metallurgical drilling will be required for the completion of the PFS. The strategic review has therefore confirmed that no additional resource or metallurgical drilling is required for the completion of the PFS. This has positive implications from both cost and timing perspectives. Having completed the strategic review, the Company has appointed SLR as lead consultant to manage the PFS. SLR will work with a number of other consultants, each specialists in their field, including metallurgy and processing, waste management, logistics, and transportation, to complete the various work streams and prepare the final PFS report.
分析記事 • Oct 26Can Beowulf Mining (LON:BEM) Afford To Invest In Growth?There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
お知らせ • Jul 11Beowulf Announces Appointment of Mikael Schauman as Non-Executive DirectorBeowulf Mining plc announced that Mikael Schauman has been appointed to the Board as Non-Executive Director. Mikael Schauman, a Swedish national, has been involved in base metals for the past forty years. His experience stretches from industrial marketing of products of mining companies as well as worldwide responsibility for trading these products to Senior Management of a publicly listed mining company. Mikael is versed in the field of mining, management of mining companies as well as commercialisation of the products, including industrial marketing, agency business and third-party trading, on a global basis. Mikael Schauman holds a BSc in Finance fromStockholm School of Economics.He started his career at Boliden and subsequently spent 18 years at various commodity trading companies. For the past 16 years he served in the senior management of Lundin Mining Corporation as VP and SVP Commercial. In this role he had sole responsibility for the company's commercial organisation and world-wide sales.Mikael has at the same time actively contributed to increasing growth within Lundin Mining, for example via the acquisitions and mergers made over the years. In the role of senior manager, he has also contributed to developing the Groups sustainability work.
お知らせ • Jun 28+ 1 more updateBeowulf Mining plc Appoints Ed Bowie as CEO, Effective 7 August 2023Beowulf Mining plc announced the appointment of Ed Bowie as the Company's new CEO. Ed has extensive experience in the international mining industry, where he has worked with strategic evaluations of mining and mineral projects, raising capital and as an advisor and fund manager across a broad range of commodities and jurisdictions. Ed Bowie holds an MA Honours Degree in Geology from Oxford University and an MSc from Imperial College in London. He has worked for nearly 30 years in the international mining industry, primarily focused on strategic evaluations of mining and mineral projects, business development, raising capital, M&A and fund management. For the last few years, he has worked in corporate development roles for mining and energy companies, with a focus on sustainability, growth strategies and financing solutions. Ed Bowie will take over as CEO on 7 August 2023. Mr. Edward Colin Bowie, aged 50, currently holds or has held the following directorships and partnerships in the last five years: Cora Gold Ltd, Impact Capital Ltd. and Amphi Capital Ltd.
お知らせ • Jun 06Beowulf Mining plc, Annual General Meeting, Jun 29, 2023Beowulf Mining plc, Annual General Meeting, Jun 29, 2023, at 08:00 Central European Standard Time. Location: Waterfront Building, Klarabergsviadukten 63, 101 23 Stockholm Stockholm Sweden
お知らせ • May 05+ 1 more updateBeowulf Mining plc Announces Executive ChangesBeowulf Mining plc announced that CEO, Kurt Budge, is stepping down from the Company with immediate effect to pursue other business interests. Kurt Budge has been with the Company for nine years and has been instrumental in the its growth, including the award of the Exploitation Concession for Kallak North. Kurt Budge will be replaced by Johan Röstin who will serve as interim CEO until a permanent successor is appointed. The board is confident in this interim solution and Johan's ability to lead the Company during this transitional period. Beowulf remains committed to its mission and values and the Company is looking forward to continuing its work to provide sustainable mining operations at Jokkmokk Iron (Sweden), Grafintec (Finland) and Vardar Minerals (Kosovo).
分析記事 • Apr 25Beowulf Mining (LON:BEM) Is Making Moderate Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 21Is Beowulf Mining (LON:BEM) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Chris Davies was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Sep 01We Think Beowulf Mining (LON:BEM) Needs To Drive Business Growth CarefullyWe can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
分析記事 • Apr 29We're Hopeful That Beowulf Mining (LON:BEM) Will Use Its Cash WiselyThere's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Chris Davies was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Dec 26We Think Beowulf Mining (LON:BEM) Can Afford To Drive Business GrowthEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
分析記事 • Sep 12Here's Why We're Not At All Concerned With Beowulf Mining's (LON:BEM) Cash Burn SituationEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
分析記事 • May 29Beowulf Mining (LON:BEM) Is In A Strong Position To Grow Its BusinessEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
