September 16, 2024

GRANGEX announces completion of Optioneering Study for the restart of operations at the Sydvaranger Mine

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May 8, 2024

GRANGEX executes offtake agreement with Anglo American

On 6 May 2024, GRANGEX announced that it had completed the acquisition of 100% of the share capital of Sydvaranger Mining AS from OMF Fund II H Ltd (“Orion”). Further to the above announcement, the Company is today pleased to announce that it has executed an offtake agreement (“Offtake Agreement”) with Anglo American.
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May 6, 2024

GRANGEX completes acquisition of Sydvaranger Mining AS

GRANGEX is today pleased to announce that it has completed the acquisition of Sydvaranger. As a result of the acquisition, GRANGEX is today the 100% owner of both the Sydvaranger Mine and the 100% owner of its existing Dannemora Mine. GRANGEX’s stated strategy is to restart production of ultra-high-grade direct reduction magnetite concentrate at both mines and to become a leading supplier to the European and global steel industries as they undergo the current ‘green steel revolution’.‍
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April 8, 2024

GRANGEX enters into an extension agreement for the Sydvaranger mine acquisition

On 30 November 2023, GRANGEX AB announced that it had executed a conditional sale and purchase agreement with OMF Fund II H Ltd (“Orion”) for the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”). Further to that announcement, the Company is today pleased to announce that it has entered into an extension agreement with Orion whereby the Long Stop Date (the date by which the acquisition has to be completed) has been extended to 1 May 2024.
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December 22, 2023

GRANGEX enters into a Royalty Agreement with Anglo American in respect of its proposed acquisition of Sydvaranger Mining

Grangex is today pleased to announce that it has entered into a Royalty Agreement with Anglo American for part-funding the acquisition and for the future development and operation of the Sydvaranger Mine.
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November 30, 2023

GRANGEX enters into an agreement to acquire Sydvaranger Mining AS

GRANGEX AB (“Grangex”, “Purchaser”) today announces that it has executed a conditional sale and purchase agreement (“SPA”) with OMF Fund II H Ltd (“Orion”, “Seller”) for the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”) from Orion for a total consideration of USD 33 million.
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June 29, 2023

Sydvaranger enters a new fase in the investor process

GRANGEX AB (“Grangex”) today announces that it has entered into an exclusivity agreement with OMF Fund II H Ltd (“Orion”) for the purposes of negotiating final definitive documentation in relation to the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”) from Orion for a total consideration of USD 33 million.
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March 1, 2023

Sydvaranger Mining Announces the Transfer of Sydvaranger to Orion Mine Finance

Sydvaranger Mining AS (“Sydvaranger”) is pleased to announce that it was acquired by Orion Mine Finance (“Orion”) on 15th February 2023 from Tacora Resources. Orion, headquartered in New York, is one of the world’s largest mining-focused investment funds and been a financial partner involved in the project since 2018.
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July 8, 2022

Skills development in Sydvaranger!

After three years of study at the Technical college in Kirkenes, Cato Johansen and Kim-Gøran Pettersen can call themselves Construction and Mining engineers with specializing in mining! In collaboration with Sydvaranger, they wrote their thesis on improvements to the processing plant in Kirkenes, as well as the design of a new crusher in Bjørnevatn.
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February 17, 2022

Press release - Tacora Resources Inc. Announces Closing of Tack-On Senior Secured Notes Offering

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9900 Kirkenes
Norway 

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