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Yahoo
3 days ago
- Business
- Yahoo
First Nordic Metals Files Q1 2025 Financials
TORONTO, May 30, 2025 /CNW/ - First Nordic Metals Corp. ("First Nordic" or the "Company") (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) announces the release of its unaudited consolidated financial statements and management discussion and analysis (the "Unaudited Financial Statements") for the three-month period ending March 31, 2025 ("Q1 2025"). First Nordic started 2025 with strong execution on multiple fronts: comprehensive exploration and drilling programs were initiated on multiple high-priority targets on the Gold Line belt (the "Gold Line") in northern Sweden; multiple new large-scale gold targets were identified on the Gold Line; the leadership team was expanded and strengthened; and the Company successfully listed on the Nasdaq First North Growth Market ("Nasdaq First North") in Sweden. Key Highlights for Q1 2025: Fortified leadership team with the promotion of Adam Cegielski to President, the appointment of John Eren as VP of Corporate Development, and the addition of Swedish national Henrik Lundin to the Board of Directors. Identified four new multi-kilometric gold pathfinder anomalies at the Storjuktan project, expanding the Company's 100%-owned target portfolio on the Gold Line. Commenced base-of-till / top-of-bedrock ("BoT/ToB") drilling on the Harpsund and Brokojan targets at the Paubäcken project on the Gold Line, testing a cohesive 5.5 km gold pathfinder anomaly. Initiated a two-phase, 10,000-metre diamond drill program at the 4 km Aida target also at Paubäcken, marking the most extensive drill campaign ever conducted at Aida. This follows a previous 1,100-metre program which returned multiple robust intercepts, including 22.5 meters at 2.4 g/t Au. Recognized as a 2025 TSX Venture 50 company, ranking 22nd out of more than 1,600 companies based on 2024 share performance. On March 21, First Nordic commenced trading on the Nasdaq First North and opened the market in Stockholm. As of March 31, 2025, the Company's cash balance was C$6.9 million and current assets were C$8.8 million (cash + receivables, prepaids, etc.). Financial Reporting and Additional Notes:The Unaudited Financial Statements are available on SEDAR+ and the Company's website here. These statements are based on reasonable estimates and information available as of this reporting date and may be subject to revision. As such, the Company's actual results may vary from the financial information presented therein. In addition, the unaudited financial information presented therein may not present all information necessary for an understanding of the Company's financial condition and results of operations as of and for the period ended March 31, 2025. ABOUT FIRST NORDIC METALSFirst Nordic Metals Corp. is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional projects (Paubäcken, Storjuktan), which combined with Barsele, total approximately 100,000 hectares on the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORSTaj Singh, CPACEO & Director For further information contact:Marie Macdonald, Investor Relations, 604-687-8566, ir@ Follow First Nordic Metals:Twitter: @fnmetalsYoutube: @firstnordicmetalscorpLinkedIn: @firstnordicmetalsFacebook: @FirstNordicMetalsInstagram: @firstnordicmetals The Company's certified adviser on the Nasdaq First North Growth Market is Augment Partners AB, info@ +46 8-604 22 55. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking StatementsThis news release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this news release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that they will materialize or that the assumptions on which it is based are correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this news release are free from errors and readers of this news release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this news release and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this news release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares. SOURCE First Nordic Metals Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
3 days ago
- Business
- Cision Canada
First Nordic Metals Files Q1 2025 Financials
TORONTO, May 30, 2025 /CNW/ - First Nordic Metals Corp. (" First Nordic" or the " Company") (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) announces the release of its unaudited consolidated financial statements and management discussion and analysis (the "Unaudited Financial Statements") for the three-month period ending March 31, 2025 ("Q1 2025"). First Nordic started 2025 with strong execution on multiple fronts: comprehensive exploration and drilling programs were initiated on multiple high-priority targets on the Gold Line belt (the "Gold Line") in northern Sweden; multiple new large-scale gold targets were identified on the Gold Line; the leadership team was expanded and strengthened; and the Company successfully listed on the Nasdaq First North Growth Market ("Nasdaq First North") in Sweden. Key Highlights for Q1 2025: Fortified leadership team with the promotion of Adam Cegielski to President, the appointment of John Eren as VP of Corporate Development, and the addition of Swedish national Henrik Lundin to the Board of Directors. Identified four new multi-kilometric gold pathfinder anomalies at the Storjuktan project, expanding the Company's 100%-owned target portfolio on the Gold Line. Commenced base-of-till / top-of-bedrock ("BoT/ToB") drilling on the Harpsund and Brokojan targets at the Paubäcken project on the Gold Line, testing a cohesive 5.5 km gold pathfinder anomaly. Initiated a two-phase, 10,000-metre diamond drill program at the 4 km Aida target also at Paubäcken, marking the most extensive drill campaign ever conducted at Aida. This follows a previous 1,100-metre program which returned multiple robust intercepts, including 22.5 meters at 2.4 g/t Au. Recognized as a 2025 TSX Venture 50 company, ranking 22nd out of more than 1,600 companies based on 2024 share performance. On March 21, First Nordic commenced trading on the Nasdaq First North and opened the market in Stockholm. As of March 31, 2025, the Company's cash balance was C$6.9 million and current assets were C$8.8 million (cash + receivables, prepaids, etc.). Financial Reporting and Additional Notes: The Unaudited Financial Statements are available on SEDAR+ and the Company's website here. These statements are based on reasonable estimates and information available as of this reporting date and may be subject to revision. As such, the Company's actual results may vary from the financial information presented therein. In addition, the unaudited financial information presented therein may not present all information necessary for an understanding of the Company's financial condition and results of operations as of and for the period ended March 31, 2025. ABOUT FIRST NORDIC METALS First Nordic Metals Corp. is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The Company's flagship asset is the Barsele gold project in northern Sweden, a joint venture project with senior gold producer Agnico Eagle Mines Limited. Immediately surrounding the Barsele project, FNM is 100%-owner of a district-scale license position comprised of two additional projects (Paubäcken, Storjuktan), which combined with Barsele, total approximately 100,000 hectares on the Gold Line greenstone belt. Additionally, in northern Finland, FNM is the 100%-owner of a district-scale position covering the entire underexplored Oijärvi greenstone belt, including the Kylmäkangas deposit, the largest known gold occurrence on this belt. ON BEHALF OF THE BOARD OF DIRECTORS Taj Singh, CPA CEO & Director For further information contact: Marie Macdonald, Investor Relations, 604-687-8566, [email protected] Follow First Nordic Metals: Twitter: @fnmetals Youtube: @firstnordicmetalscorp LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals Instagram: @firstnordicmetals The Company's certified adviser on the Nasdaq First North Growth Market is Augment Partners AB, [email protected], +46 8-604 22 55. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this news release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that they will materialize or that the assumptions on which it is based are correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this news release are free from errors and readers of this news release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of the date of this news release and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this news release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
Yahoo
12-03-2025
- Business
- Yahoo
Diamond Drilling Intercepts 15 Metres Grading 3.02 g/t Gold-Equivalent on the Loma Verde Vein on the Coneto Gold-Silver Project in Durango, Mexico
VANCOUVER, BC, March 12, 2025 /CNW/ - Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) ("Orex" or the "Company") is pleased to announce that "Exploraciones y Desarrollos Mineros Coneto, SAPI de CV", a joint venture company held by Fresnillo plc (LON: FRES) for 61.21% and Orex for 38.79%, has completed the Phase-VI diamond drilling program of 2,000.8 metres in 8 holes on the Coneto Gold-Silver Project in Durango, Mexico. The Loma Verde target area was the focus for Phase-VI drilling. Results include hole BCO-85 yielding a core length of 15.00 m (true thickness 11.50 m) grading Au 0.75 g/t and Ag 174 g/t for a gold-equivalent of 3.02 g/t, plus hole BCO-89 yielding a core length of 4.50 m (true thickness 3.90 m) grading Au 1.70 g/t and Ag 180 g/t for a gold-equivalent of 4.05 g/t. John Eren, President and CEO states, "The Loma Verde vein was intercepted in every hole in this phase of the program, thus confirming the strong continuity over 1.2 kms strike length. There is also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver project, as each precious metal accounts for roughly half the contained value." Hole From (m) To (m) Core Length True Width Au (g/t) Ag (g/t) Au-Eq (g/t) Ag-Eq (g/t) BCO-84 Unnamed 104.10 105.90 1.80 1.61 0.52 4 0.57 44 Loma V 121.55 122.50 0.95 0.85 0.17 373 5.07 386BCO-85 Loma V 87.80 102.80 15.00 11.50 0.75 173 3.02 230 Incl. 87.80 92.40 4.60 3.53 1.37 419 6.88 523BCO-86 Unnamed 170.10 171.25 1.15 0.85 3.76 36 4.23 322 Unnamed 258.25 259.25 1.00 0.85 0.21 73 1.17 89 Loma V 271.90 277.20 5.30 4.77 0.17 122 1.82 138 Incl. 271.90 275.65 3.75 3.38 0.20 143 2.07 158BCO-87 Loma V 137.35 138.05 0.70 0.63 0.08 74 1.05 80BCO-88 Unnamed 84.25 85.10 0.85 0.65 0.14 280 3.81 291 Loma V 159.80 164.00 4.20 3.20 0.45 65 1.30 99 Unnamed 166.45 167.75 1.30 1.22 0.58 54 1.29 98BCO-89 Unnamed 57.70 62.45 4.75 4.42 1.17 87 2.32 176 Incl. 59.00 59.75 0.75 0.70 5.01 357 9.07 738 Loma V 135.30 139.80 4.50 3.94 1.70 180 4.05 309 Incl. 135.30 136.30 1.00 0.87 5.42 603 13.35 1,015BCO-90 Unnamed 259.00 260.50 1.50 1.41 1.00 287 4.77 363 Loma V 327.75 329.05 1.30 1.22 0.76 259 4.15 317BCO-91 Loma V 286.40 288.15 1.75 1.34 3.79 554 11.05 834 Unnamed 317.50 318.10 0.60 0.50 0.57 47 1.19 91 For the purposes of gold and silver equivalent values, the long-term metal prices of gold $1,750/oz and silver $23/oz were applied. Gold to silver price ratios vary over time. Base metals value are scattered and non-economic, max. isolated values of 0.2% Pb, 0.4% Zn. To date, the Coneto Project has had five previous phases of diamond drilling from 2010 to 2017, totaling 106 drill holes for 38,515.67 metres. This drilling formed the basis of an independent mineral resource estimate announced in a news release dated October 27, 2021. The new drilling brings the total to 114 drill holes for 40,516.47 metres. The 2021 Inferred Mineral Resources stands at 5,325,000 tonnes, grading 1.67 g/t gold and 112 g/t silver for a gold-equivalent grade of 3.15 g/t. Contained metal totals 286,000 oz gold and 19,111,000 oz silver, for a gold-equivalent of 538,000 oz. (The full technical report was filed on SEDAR+, and is also available on the Orex website, Coneto Silver-Gold Project, Durango, MexicoConeto is situated around the town of Coneto de Comonfort, Durango, in north-central Mexico. It is approximately 100 km north of the City of Durango and 25 km west of Argonaut's El Castillo Gold Mine. This prolific trend hosts some of the world's largest silver camps and deposits, including Fresnillo, Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles and Zacatecas. (Note: Mineralization hosted on adjacent and/or nearby properties may not necessarily be indicative of mineralization hosted on the JV's property.) The Project consists of approximately 4,997 hectares (11,860 acres) of contiguous mineral concessions and covers over 40 discrete mineralized low to intermediate-sulphidation epithermal quartz veins. Excellent infrastructure exists in the Coneto area, including paved road access, electrical power, water and manpower from nearby communities. Ben Whiting, is a Qualified Persons as defined in NI 43-101 and take responsibility for the technical disclosure contained in this news release. ABOUT OREX MINERALS Minerals Inc. is a mineral exploration company focused on precious and base metals exploration in Mexico and Canada. Orex has several current projects: Two projects are located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. A third project is the Jumping Josephine Gold Project in British Columbia, Canada. Orex is managed by an experienced group of highly qualified mining professionals. ON BEHALF OF THE BOARD OF DIRECTORS John ErenPresident and CEO STAY CONNECTED Follow on X (Twitter): Orex Minerals (@OrexMinerals) / X ( on LinkedIn: Orex Minerals Inc. | LinkedInFollow on Facebook: Orex Minerals | Facebook FORWARD LOOKING STATEMENTSThis News Release may contain forward-looking statements including, but not limited to, statements with respect to the planned program and budget for the Project. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orex undertakes no obligation to update such statements, except as required by law. For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion and analysis ("MD&A"), which is available on SEDAR+ at and on the Company's website at The risk factors identified in the MD&A are not intended to represent a complete list of factors that could affect the Company. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Orex Minerals Inc. View original content to download multimedia: Sign in to access your portfolio
