GRANGEX AB

GRANGEX is a Swedish mineral development company with the vision to actively contribute to a sustainable society within Europe. The company strives to become the foremost mineral development group in Europe, developing and conducting responsible extraction and recycling of minerals, primarily iron ore products and other critical minerals for the green transition. Within the framework of these activities, GRANGEX aims to minimize its climate impact. GRANGEX main developing iron ore projects are brown field; Dannemora, 100 km North of Stockholm with an updated feasibility-study of 2024 and Sydvaranger in Kirkenes in Northern Norway acquired 2024. GRANGEX is listed on the Nordic Growth Market Nordic SME Exchange.

LKAB

LKAB is an international mining and minerals group that offers sustainable iron ore, minerals and special products. We are committed to developing carbon-free processes and products by 2045, leading the transformation of the iron and steel industry. Since 1890 we have developed through unique innovations and technological solutions and are driven forward by almost 5,200 employees in 12 countries. In 2023, the LKAB group had sales of about SEK 43 billion. lkab.com

Midrex Technologies, Inc.

Midrex is the global leader in direct reduction ironmaking technology, having designed, built, and serviced direct reduced iron (DRI) plants for over 50 years. MIDREX Plants produce approximately 80% of the world’s low CO2 DRI. The MIDREX Process offers high flexibility in reductant sources, iron oxide feed, and product discharge options. These plants can operate using natural gas, natural gas with hydrogen addition (MIDREX Flex®), or 100% hydrogen (MIDREX H2™). Regardless of their Fe content, iron oxide pellets and lump ores can be converted into cold DRI (CDRI), hot DRI (HDRI), or hot briquetted iron (HBI).