Beowulf (AIM: BEM; Spotlight: BEO), the mineral exploration and development company, is pleased to announce the signing of a Memorandum of Understanding ("MoU") with Epsilon Advanced Materials Private Limited ("EAMPL"), a subsidiary of Epsilon Carbon. The MoU enables Beowulf's 100 per cent. owned subsidiary Oy Fennoscandian Resources AB ("Fennoscandian") to build its downstream capability, collaborating with a strong and innovative technology/processing partner, and for EAMPL to firmly establish itself in Finland, as a market-entry point for supplying pre-cursor anode material into Europe.
Purpose of the MoU · Develop the concept of a strategic processing hub (the "Hub") for both natural flake and recycled graphite to be located in Finland;