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GRANGEX signs a 10 million USD Royalty Agreement

Grängesberg Exploration Holding AB (GRANGEX) has secured a binding term sheet for an offtake agreement with global miner Anglo American.

”The biggest thing that has happened in Swedish mining history”, that is how Christer Lindqvist describes the offtake agreement that Grängesberg Exploration Holding AB made with Anglo American today. This is a binding term sheet for the entire planned production of low carbon ultra-high-grade magnetite concentrate at the Dannemora mine.

“We regard the offtake agreement announced today as a clear quality-mark for GRANGEX and Dannemora, having throughout extensive discussions and meetings proven that we reach the ambitious standards and requirements set by Anglo American", says Christer. Read the full press release here


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