Beowulf Mining's Grafintec Secures Strategic Site in Kotka

Beowulf Mining Plc, through its Finnish subsidiary Grafintec Oy, has taken a major step forward in establishing its presence in Europe's burgeoning battery industry. The company announced on July 1, 2025, that it has secured a site reservation agreement with the City of Kotka, Finland, for a new Graphite Anode Materials Plant (GAMP). This development is part of Beowulf's strategic move to position itself as a leader in the fast-growing European battery value chain.

The site, located in the Keltakallio industrial area, spans approximately 13 hectares, strategically positioned near the Port of Hamina-Kotka, Finland's largest container port. This location offers exceptional infrastructure, logistics advantages, and access to renewable energy, aligning with Grafintec's commitment to sustainable operations. The Kotka-Hamina region is becoming a hub for the battery industry, supported by initiatives like the Power Coast, aimed at fostering economic growth and attracting large-scale battery manufacturing facilities.

Grafintec's approach to producing high-performance anode materials is innovative and environmentally conscious. The company's processing technology avoids highly toxic reagents and energy-intensive operations, instead using readily available chemicals under moderate conditions. This not only reduces environmental impact but also optimizes cost efficiency, with plans to recycle and reuse over 80% of the sodium hydroxide involved in the process.

The financial outlook for Grafintec is promising, with a Pre-Feasibility Study indicating a post-tax Net Present Value of €924 million and an Internal Rate of Return of 37% over 25 years for Phase 1 production. This initial phase represents a planned investment of €225 million, creating 85 direct jobs, with further expansion anticipated to increase total investment to €675 million and the workforce to approximately 250.

Given the strategic location, robust infrastructure, and sustainable approach, Beowulf Mining appears well-positioned to capitalize on the expanding demand for battery materials in Europe. Investors might consider holding onto Beowulf shares as the company continues to advance its projects and strengthen its market position.