FINANCIAL REPORTS 2022
INTERIM REPORT JANUARY-SEPTEMBER 2022
We live in a time of major climate challenges and geopolitical uncertainties, something we all have to deal with. GRANGEX contributes to an increasing degree of self-sufficiency in minerals for Europe, by driving our sustainable and green mineral projects to the start of production as quickly as possible.
HALF-YEAR REPORT 2022
GRANGEX continues to develop at a rapid pace and largely according to plan. This is largely due to the excellent efforts of our amazing project team, who make it possible to maximize the impact of the projects’ potential. During the almost two years that we have worked on both of our projects, we have achieved results beyond expectations in a market that is clamoring for our upcoming products with increasing strength, something that is also noticeable in the pricing.
INTERIM REPORT JANUARY-MARCH 2022
This quarter goes down in history as probably the darkest in Europe during the post-war period. This new dramatic chapter will likely lead to changed conditions for the European raw material supply for a long time to come. The trade flows that we are used to will change and the need for increased self-sufficiency for raw materials, among other things for the steel industry, will be prioritized within the EU. Ukraine and Russia have long been major exporters of important raw materials to Europe.
ANNUAL REPORT 2021
2021 was, despite the ongoing pandemic and the fact that the climate crisis became even more evident, a fantastic year for GRANGEX. After successful development work in our projects, it became possible for GRANGEX to invest seriously in becoming part of the green industrial transition – in a profitable way. The year began with the implementation of the successful rights issue with the linked option programs which during the year provided successive capital injections.
YEAR -END REPORT 2021
After the last option period in January, GRANGEX now has a strong financial position. It gives us freedom of action and peace of mind and takes us to the upcoming construction financing when the environmental permits for both of our projects are expected to be obtained in 2023. The capital additions during the year have meant that we have been able to pursue a focused development of our projects, which have developed very well and with results that have exceeded our high expectations.