Grafintec Oy

The second of #BEM and @Grafintec's exploration assets is Rääpysjärvi. Extensive surface sampling, including trenching and geophysics, has been undertaken indicating the potential for Rääpysjärvi to be at least as large as Aitolampi at possibly higher grade - samples > 50% TGC.

#BEM and @Grafintec's Finland operations include highly prospective exploration assets. Aitolampi is one of Europe's largest flake graphite deposits hosting 26.7Mt at 4.8% total graphitic carbon and test-work has demonstrated it is amendable to upgrading to battery grade graphite

What makes Kotka an ideal location for @Grafintec's GAMP? • An industrial area with excellent infrastructure for large-scale battery facilities • Access to water and low-cost renewable energy • Access to Finland's largest container port • Skilled workforce

Key objectives from the GAMP pilot testing phase will be: ⛏️Demonstrating scalability ⛏️Qualifying with potential end-users Upon test phase completion, #BEM and @Grafintec will look to secure off-take agreements to underpin the financing for a full commercial plant.

#BEM is pleased to provide an update on its corporate activities and operational progress in Sweden and Finland, including its funding strategy, mining fleet optimisation studies, sustainability strategies and project support applications. Read here ➡️ ow.ly/OWlP50Y0vfE

In Finland, @Grafintec is focused on the construction and operation of a pilot plant as part of the Graphite Anode Materials Plant pilot testing phase. Its development strategy includes the completion of a DFS & EIA and application for an Environmental Permit.

#Graphite is a critical component in most next-gen Advanced Modular Reactors, which will play a key role in achieving the EU's ambition to expand nuclear power to 109 GW by 2050. @Grafintec has a portfolio of projects, including one of Europe's largest flake graphite resources.

(1/3) #BEM, and its subsidiary @Grafintec, are pleased to provide an update on the development of Grafintec’s GAMP and exploration portfolio in #Finland. An initial public meeting was held in Keltakallio to present GAMP to local residents ➡️londonstockexchange.com/news-article/B…

Did you know that up to 98% of lithium-ion battery anodes are made from #graphite? As demand for EVs and lithium-ion batteries surge, a secure graphite supply chain becomes more crucial. #BEM and @Grafintec's GAMP and graphite exploration projects can aid in providing this supply

(1/2) To support the development of @Grafintec’s GAMP, #BEM has applied for a tax credit, totalling €131.5m over 11 years, through @BusinessFinland’s scheme aimed at promoting large clean-transition investments. A decision is expected by end of 2025 ➡️ londonstockexchange.com/news-article/B…

(1/5) #BEM announces its unaudited financial results for the six months ended 30 June 2025, during which a £2.2m capital raise was completed to fund the continued development of the company's projects ➡️ londonstockexchange.com/news-article/B…

Graphite is a great electrical conductor and an essential component of battery anodes. This property is a result of the unique arrangment of carbon atoms. #BEM, and it's 100% owned subsidiary @Grafintec, are aiming to provide a European supply of graphite anode materials.

(1/3) #BEM’s wholly owned Finnish subsidiary, @Grafintec, has signed an initial 12-month site reservation agreement with the City of Kotka in southern Finland, with the possibility for extensions, marking a major step in the establishment of the GAMP ➡️ londonstockexchange.com/news-article/B…

We are pleased to announce that Grafintec has signed a site reservation agreement with the City of Kotka in southern Finland. The agreement secures a site in the Keltakallio industrial area, marking a major step forward in the establishment of the GAMP. ➡️ grafintec.fi/en/press-relea…

#BEM’s updated Corporate Presentation, outlining it’s diverse portfolio of critical minerals projects, is now available on the Beowulf website ➡️ beowulfmining.com/investors/repo…

(1/2) In Finland, GAMP’s PFS was completed in March with excellent technical and economic results including a Phase 1 NPV of €924m and an IRR of 37%.

The completion of the GAMP PFS demonstrates outstanding economics and growth potential confirming GAMP’s potential as a low-cost, high-margin producer of anode material. Read the full announcement here: grafintec.fi/en/press-relea… See video summary here: youtube.com/watch?v=NmAhMK…

🔋 Graphite Market Weekly Update: Highlights from May 12 - May 16, 2025 📈 Weekly Summary - In the graphite market this week, @BlackRockMining announced two major developments: the default on its Mahenge Special Mining Licence was lifted, and the company signed two key agreements with TANESCO for power supply - both critical milestones ahead of project financing and construction. Meanwhile, @Evolution_EV1 outlined a new strategic direction, while @Talga_Ltd made progress on the commercial front, signing a binding offtake agreement with Nyobolt for its Vittangi anode material. @SyrahResources has resumed restart activities at its Balama Graphite Operation following a protest-related shutdown, targeting a return to production by the end of June 2025. - For the past week, graphite prices have remained relatively flat in China. - Turning to the wider market, General Motors has unveiled a new lithium manganese-rich (LMR) battery chemistry that delivers 30% more energy density at no added cost. Set for pilot production in 2027, the LMR cells - developed with LG Energy Solutions - aim to cut EV prices, reduce cobalt use, and lessen dependence on China’s battery IP. GM plans to use the cells in full-size electric trucks and SUVs, bringing their costs closer to petrol equivalents. Meanwhile in London, Cobalt Holdings is raising £174 million in a rare IPO to buy up supply from Glencore and build a strategic stockpile of cobalt. Despite current price weakness, the firm expects a rebound as EV battery demand grows. Glencore will take a 10% stake. With cobalt demand forecast to rise 54% by 2031, and DRC export restrictions beginning to bite, the company sees now as the right time to act. Key Updates from Graphite Companies TSXV: Falcon Energy: Falcon Addresses License Revocation in Guinea ASX: @MRC_Commodities: Update on sale of Skaland Graphite Project ASX: @SyrahResources: Balama production targeted by end of June 2025 quarter TSX: @NextSourceMat: NextSource Materials Provides Quarterly Update and Announces Progress on Molo Mine Expansion Study and Battery Anode Facility Strategy TSXV: @neo_battery: NEO Battery Appoints Ex-Samsung Large-Scale Cell Expert, Dr. Jun Sik Jeoung, as Senior Scientific Advisor of Commercialization & Cell Development TSX: @NYSE_NMG: NMG Provides an Update on its Development Plan, Publishes its 2024 ESG Report and Announces New Board Nominees ahead of its Annual General and Special Meeting of Shareholders TSXV: @focusgraphite: Focus Graphite’s Recently Purified Material Selected for Compression Molded Rocket Nozzle TSXV: @BlackSwanGraph: Black Swan Graphene Announces Preferred Compounder Agreement with Modern Dispersions LSE: @BeowulfMining: GAMP PFS Delivers Outstanding Economics ASX: @Evolution_EV1: New Strategic Direction ASX: @Talga_Ltd: Binding Vittangi anode offtake with Nyobolt Not Listed: Vianode: Vianode and Fortum Battery Recycling join forces to advance sustainable EV battery recycling value chain TSXV: @GreenBatteryGEM: Green Battery Minerals Stallion Claims Partial Lapse Not Listed: @CarbonScape: CarbonScape Secures Landmark European Patent for Domestic Graphite Production Technology ASX: @ASXGCM: Response to ASX Aware Letter LSE: @Tirupatiuk: £4.5 million Convertible Loan Note Subscriptions ASX: @BlackRockMining: Black Rock signs two key Agreements with TANESCO ASX: @BlackRockMining: Default Lifted from Mahenge Special Mining Licence Read Here - graphitehub.com/market-announc… Chinese Market Price Movement Top 5 Gainers of the Week @BlackRockMining: 40% @SyrahResources: 27% @MineralsTriton: 20% @EcoGraf: 20% @Renascor_ASX: 16% Top 5 Decliners of the Week @TSXV_LLG: -21% @NextSourceMat: -18% @IntGraphite: -16% @MarulaPlc: -11% @WWR_Inc: -9% Building the Future of Graphite: Insights from POSCO International and Black Rock Mining In our latest interview, we host a discussion with John de Vries, CEO and Managing Director of Black Rock Mining Ltd, and Tae-Sun Yeom, Senior Manager at POSCO International Corp. In this interview, we share insights on: - What the latest announcements mean for the Mahenge project - Why Black Rock Mining is staying focused on high-purity flake graphite and how that aligns with POSCO’s strategy - The strength of Mahenge’s large flake ratio - Why POSCO selected Black Rock Mining from dozens of global graphite projects - The strategic intent behind POSCO’s recent $277 million investment into domestic spherical graphite production Great to have the opportunity to open up conversations in this space, especially with POSCO International, a major player in the global battery supply chain. youtube.com/watch?v=OQuz1R… General EV Market News GM’s New Battery Tech Could Be a Breakthrough for Affordable EVs General Motors has unveiled a new battery chemistry - lithium manganese-rich (LMR) that offers 30% more energy density at the same cost as existing cells. The move could significantly reduce the price of full-size electric SUVs and trucks, bringing them closer to cost parity with petrol models. The LMR cells will be produced by Ultium Cells, GM’s joint venture with LG Energy Solutions, with pilot production starting in 2027 and full-scale output in 2028. The new batteries use 60 - 70% manganese, 30 - 40% nickel, and just 2% cobalt, reducing reliance on expensive and scarce materials like cobalt while offering a U.S.-developed alternative to China-dominated LFP chemistry. GM says the LMR modules will contain 50% fewer parts than existing Ultium packs, helping avoid the manufacturing delays that previously disrupted EV rollouts. The company plans to tailor battery chemistries across its lineup - LMR for long-range, lower-cost models; NMCA for high performance; and LFP for entry-level EVs. Yhe new technology is also a geopolitical play: by moving away from China-controlled chemistries and patents, GM is aiming to advance U.S. battery innovation and secure domestic supply chains. The development is backed by more than 200 LMR patents held by LG and positions GM to be the first to bring LMR cells to market at scale. wired.com/story/gms-new-… Cobalt firm taps in to electric car boom with £174m London stock market float Cobalt Holdings has announced plans to raise £174 million in a rare London IPO, aiming to build a strategic stockpile of cobalt in anticipation of rising long-term demand for EV batteries. The company will use the funds to purchase cobalt from Glencore, which is also investing $24 million for a 10% stake. While EV growth has slowed in recent months - pressuring cobalt prices and investor sentiment - Cobalt Holdings believes this is a short-term oversupply. CEO Jake Greenberg, who also co-founded uranium vehicle Yellow Cake, sees this as a chance to buy at low prices before demand rebounds. Cobalt is a key component in nickel-manganese-cobalt (NMC) batteries, used in long-range EVs. Though lithium iron phosphate (LFP) is gaining traction in low-cost models, NMC chemistry remains dominant for performance vehicles. The Democratic Republic of Congo, which supplies ~75% of the world’s cobalt, has begun imposing export restrictions, further tightening supply. Cobalt demand more than doubled between 2015 and 2024 and is forecast to rise 54% by 2031, driven by the EV transition and regulatory bans on combustion vehicles. If successful, this would be London’s largest listing in two years, during a period of IPO drought. theguardian.com/business/2025/…

(1/2) #BEM and @Grafintec announce the completion of the GAMP PFS, and receipt of the final PFS report, demonstrating outstanding economics and growth potential. The PFS confirms GAMP’s potential as a low-cost, high-margin producer of anode material ➡ londonstockexchange.com/news-article/B…

#BEM announces the outcome of its Capital Raise, raising approximately £2.2m (gross), which will be used to finance the continued development of the Kallak Iron Ore Project in #Sweden and the Graphite Anode Materials Plant in #Finland ➡ ow.ly/cg3C50VPebc