BOLIDEN AB UNSP/ADR - BDNNY STOCK NEWS

Dogger Bank, the world's largest offshore wind farm, has chosen Boliden's Low-Carbon Copper for its high-voltage offshore export cables in the third phase, Dogger Bank C. This initiative is set to reduce the project’s CO₂-footprint by over 23,000 tons, as Boliden's copper has less than half the carbon footprint of standard copper. Boliden produces Low-Carbon Copper using fossil-free energy and advanced productivity techniques, resulting in less than 1.5 Kg CO₂eq/Kg. The copper is sourced from Aitik mine and processed in Rönnskär before delivery to Elcowire and NKT.

Boliden has successfully issued SEK 2 billion in green bonds under its MTN program, with maturities of three and five years. The funds will finance the expansion of the Odda zinc smelter in Norway, positioning Boliden as a leader in sustainable metal production. The company aims to reduce carbon dioxide intensity by 40% by 2030, using 2012 as the baseline. Strong demand for these green bonds highlights the importance of metals in the climate transition.

Boliden has launched a Green Finance Framework aimed at supporting sustainability objectives through the issuance of green bonds and loans. Financing will target projects related to energy efficiency, pollution prevention, and clean transportation. Key projects may include energy recovery and water purification. The framework has received an independent review from CICERO Shades of Green, achieving a 'Medium green' classification with excellent governance. This initiative aligns with Boliden's strategy to enhance its climate-friendly operations as it aims to be a leading metal provider.

Boliden has published its report detailing payments made to government agencies in accordance with Swedish laws regarding extractive industries for the year 2021. The report covers payments in Sweden, Finland, and Ireland. This report is part of Boliden's compliance with the Securities Markets Act and was made public on June 1, 2022. Boliden, a metals company, emphasizes sustainable development with annual sales around SEK 70 billion and approximately 6,000 employees.

Boliden has executed a 2:1 share split following a decision from its annual general meeting on April 28, 2022. This split, completed in May 2022, increased the total number of shares and votes to 547,022,338. However, the additional shares generated by the split will be redeemed in June 2022, reverting the total to 273,511,169. The shares are part of a redemption procedure aimed at enhancing shareholder value.

For more details, visit Boliden's website.

Boliden reported significant first-quarter revenues of SEK 21,812 million, an increase from SEK 17,083 million and an operating profit of SEK 4,466 million, up from SEK 2,449 million. The increase was attributed to high metal prices and improved performance at Boliden Mines, where operating profit rose to SEK 3,115 million. However, the company faced challenges with rising costs due to higher energy prices and inflation on mining inputs. Overall, while production levels varied across sites, the outlook remains cautiously optimistic amid cost pressures.

Boliden is set to release its Q1 2022 Interim Report on April 28, 2022, at 07:45 (CET). The report will be presented by President and CEO Mikael Staffas and CFO Håkan Gabrielsson. An analyst conference will occur the same day at 09:30, available via webcast and telephone. Interested participants are advised to call in five minutes prior to the conference start. For further details, contact Olof Grenmark, Director of Investor Relations.

Boliden announced significant changes to dam construction methods at its Aitik facility, driven by ongoing geotechnical investigations. To enhance tailings disposal safety, the company plans to invest SEK 5 billion over the next two years, with SEK 1 billion allocated for 2022. While production won’t be affected, current dam structures require strengthening, delaying further heightening and deposition until appropriate measures are completed. Total group investments are now expected to exceed SEK 11 billion for the year, up from just over SEK 10 billion.

Boliden AB invites shareholders to its Annual General Meeting on April 28, 2022, at 1 p.m. CET in Skellefteå, Sweden. Shareholders can participate in person or via postal voting, with registration open from 10 a.m. Lunch will be served at 11:30 a.m. Voting rights require prior registration by April 20, 2022. Key proposals include a dividend of SEK 10.50 and an automatic share redemption of SEK 15.50 per share. The agenda also covers board elections, approval of the financial statements, and remuneration reports. Further details are available on Boliden’s website.