GRANGEX completes acquisition of Sydvaranger Mining AS
On 30 November 2023, GRANGEX AB (publ) (“GRANGEX” or “the Company”) announced that it had executed a conditional sale and purchase agreement (“SPA”) with OMF Fund II H Ltd (“Orion”) for the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”). Sydvaranger owns an iron ore mine in Kirkenes, Northern Norway (the “Sydvaranger Mine”). On 22 December 2023, GRANGEX further announced that it had entered into a US$17,500,000 royalty agreement (“Royalty Agreement”) with Anglo American for the part-funding of the Sydvaranger acquisition and for