Beowulf Mining, the exploration company, has entered into a binding agreement with Bacchus Capital and affiliated investors for a strategic investment of £3.7 million, equivalent to approximately SEK 47 million. The investment forms the bulk of a planned financing of a total of £4.3 million, approximately SEK 54 million."Following last week’s announcement, I am pleased to confirm that a binding agreement has been entered into for this transformative strategic investment. The support from Bacchus Capital & Affiliates represents a significant step forward for the company and our core assets – it creates stability and enables us to focus on driving key workstreams forward across our portfolio", says Beowulf Mining’s CEO Ed Bowie.The capital will be used to develop the company’s core assets through the end of 2027 and strengthen the company’s position in critical and defense-related minerals. The investment is being made at 3 pence per share and is expected to give Bacchus Capital & Affiliates a 58.6 percent ownership stake after completion.Certain existing shareholders intend to invest an additional total of £355,000, while the board and management plan to invest £225,000 on the same terms.Completion is conditional on, among other things, shareholder and regulatory approvals, including approval under Swedish rules for foreign direct investments. The company aims to complete the financing before the end of July.