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Beowulf Mining (BEM) investor relations material
Beowulf Mining Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Secured a binding £3.7 million Strategic Investment from Bacchus Capital & Affiliates, part of a £4.3 million total financing, pending final regulatory approval in Sweden.
Progressed technical and environmental workstreams at the Kallak Iron Ore Project in Sweden and advanced the Graphite Anode Materials Plant (GAMP) in Finland.
Vardar Minerals in Kosovo remains subject to a non-binding €4 million acquisition offer, with assets classified as held for sale.
Financial highlights
Consolidated loss before tax for H1 2026 was £834,022, down from £1,030,205 in H1 2025, mainly due to lower professional and staff costs.
Administrative expenses for Q2 2026 were £267,542, significantly lower than £575,076 in Q2 2025.
Basic and diluted loss per share for Q2 2026 was 0.52 pence, compared to 1.25 pence in Q2 2025.
Cash at 30 June 2026 was £208,290, down from £773,201 at 30 June 2025.
Exploration assets decreased to £15,185,001 at 30 June 2026, reflecting reclassification of Vardar as held for sale.
Outlook and guidance
Financing expected to close shortly after anticipated Swedish FDI approval by mid-September 2026, providing funding through end of 2027.
Focus on advancing Kallak to Pre-Feasibility Study and progressing GAMP development.
- Advancing high-grade iron ore and graphite projects to meet Europe's green transition needs.BEM
Corporate presentation - Urgent funding needed by mid-June as losses rise and cash reserves decline.BEM
Q1 2026 - Loss of £1.75m, cash £0.33m, major projects advanced, £3.7m investment pending approval.BEM
Q4 2025 - Stable losses, lower costs, and urgent funding needs amid project progress and regulatory delays.BEM
Q3 2025 - Advancing critical mineral projects in Europe to meet green transition and supply chain needs.BEM
Corporate Presentation - Capital raise supports project progress, but higher losses and funding needs persist.BEM
Q2 2025 - Advancing high-grade iron ore and graphite projects to support Europe's green transition.BEM
Corporate Presentation - Advancing high-grade iron ore and graphite projects to meet Europe's green transition needs.BEM
Investor Update - GBP 4.5m raise targets Kallak PFS, GAMP pilot, and ESG-driven growth with new institutional backing.BEM
Investor Update
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Next Beowulf Mining earnings date
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