Exploration and mine development company Beowulf Mining reports a reduced loss for the second quarter while working to complete financing of £4.3 million. Operating result was -£0.3 million (-0.6). Result after tax from continuing operations amounted to -£0.3 million (-0.6).Including discontinued operations, net result was -£0.3 million (-0.6). For the first half of the year, operating result amounted to -£0.6 million (-1.0). Result after tax from continuing operations improved to -£0.8 million (-1.0), while net result including discontinued operations was -£0.9 million (-1.1).During the period, Beowulf agreed financing totalling £4.3 million, of which a strategic investment from Bacchus Capital and related parties accounts for £3.7 million. After the end of the period, shareholders approved the financing. It remains subject to Swedish approval for foreign direct investment, FDI, which is expected around September 11. The financing is thereafter expected to be completed within two to three days.CEO Ed Bowie describes the investment from Bacchus Capital as transformative and says it will fund the company through the end of 2027. After the end of the period, Beowulf also completed a 1,072-metre drilling campaign with seven drill holes at the Kallak project.The company provides no financial earnings guidance.