Strategic Move: Financial Advisors Engaged for Sydvaranger Mine Revitalization

GRANGEX AB (publ) (“GRANGEX” or “the Company”) proudly announces its big leap in mining revival by appointing prominent financial advisors. According to TradingView, these moves reflect significant strides in the industry.

In a determined and insightful move, GRANGEX AB sets the wheels in motion for the Sydvaranger Mine’s recommencement, appointing ABG Sundal Collier and DNB Carnegie as financial advisors and coordinators, coupled with SB1 Markets taking on the role of co-manager. This newly forged alliance is tasked with navigating the financial landscape to secure a carefully balanced package of equity and debt financing, imperative for breathing life back into the historic Kirkenes site in Northern Norway.

A Partnership Fueling Innovation

The collaboration between GRANGEX and its financial consultants embarks on a journey to produce a 70 percent ultra-high-grade direct reduction magnetite concentrate, aimed at leading the charge in the European and global steel markets. Amid the ongoing ‘green steel revolution,’ Sydvaranger is poised to be a cornerstone in sustainable operations.

Vision for a Green Steel Era

The strategic mission dating back to late 2026 showcases GRANGEX’s resolve to pioneer a pivotal transformation within the steel industry. The infusion of cutting-edge technology alongside classic mining techniques marks a new chapter for Sydvaranger, adorned with a rich heritage that promises a promising future.

Legal Acumen and Strategic Planning

Synch Law and Schjødt cement their roles as crucial legal advisors, ensuring legal requisites and strategies align perfectly with the company’s objectives. This seamless legal backing fortifies GRANGEX’s roadmap as it treads the path of mining renaissance.

CEO’s Insightful Outlook

Christer Lindqvist, the visionary CEO of GRANGEX, expressed overwhelming enthusiasm as he declared, “There is genuine excitement across the organisation as we move to secure the financing needed to bring the operation back into production. This milestone, supported by extensive preparatory work and technical validation, reflects our commitment to reopening Sydvaranger and building on its proud century-long heritage.”

Charting the Future

As the countdown to late 2026 continues, GRANGEX remains steadfast in its quest. With the partnership solidified, the collective anticipation builds towards an era of revived mining greatness, poised to serve major players in the steel transformation.

Stay tuned as GRANGEX AB takes definitive steps, setting new industry standards and revitalizing the historic essence of the Sydvaranger Mine.