Beowulf Mining
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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.
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Q2 2026 earnings summary28 Aug, 2026

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.

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Frequently asked questions

Beowulf Mining plc is a UK-based exploration and development company focused on natural resources, primarily in Sweden and Finland. The company’s portfolio includes projects targeting iron ore, graphite, and base metals. The company is headquartered in London, United Kingdom, and its shares are listed on the AIM market of the London Stock Exchange.