Beowulf Mining says interim funding sufficient to operate until end-2026
Beowulf Mining said it has taken further steps to reduce expenditure, including further deferrals and salary reductions, is engaging with creditors to extend payment terms, and believes interim funding is sufficient to continue operating until end-2026.
Sept. 29 (Reuters) - Beowulf Mining PLC said it has taken further steps to cut expenditure, including additional salary deferrals and reductions. The company said it is engaging with creditors and seeking to further extend payment terms on some invoices. Beowulf Mining said it believes interim funding will be sufficient to allow it to continue operating until the end of 2026.