The exploration company Beowulf Mining has signed non-binding terms for a strategic investment of at least SEK 44 million from Bacchus Capital within the framework of financing totaling approximately SEK 50 million. This is stated in a press release.The capital is to finance continued development of the iron ore project Kallak in Sweden and the graphite operations Grafintec in Finland through 2027. After the transaction, Bacchus and related parties are expected to own 59 percent of the company. The investment is being made at 3 pence per share and is contingent on, among other things, shareholder and regulatory approvals.