Latest news with #NasdaqFirstNorthGrowthMarket
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.
Cision Canada
5 days ago
- Business
- Cision Canada
Africa Energy Executes Definitive Agreements with Arostyle
VANCOUVER, BC, May 29, 2025 /CNW/ - Africa Energy Corp. (TSXV: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") announces that, following the signing of non-binding agreements that were previously announced December 20, 2024, the Company, Arostyle Investments (RF) Proprietary Ltd. ("Arostyle") and Main Street 1549 Proprietary Ltd ("Main Street") (together the "Parties") have now executed definitive binding agreements (the "Agreements") for the purpose of restructuring the Company's and Arostyle's investment in Main Street. View PDF version. View PDF Main Street currently has a direct 10% participating interest in Block 11B/12B offshore South Africa. In light of the withdrawal of the remaining joint venture partners ("Withdrawing Parties") as announced July 29, 2024, and subject to all relevant regulatory approvals, Main Street is entitled to become the holder of 100% of the participating interests in Block 11B/12B. The Company, through wholly-owned subsidiaries, owns 49% of the ordinary shares and 100% of the class B shares in Main Street. The remaining 51% of the ordinary shares of Main Street are held by Arostyle. Under the Agreements, the Parties will restructure their interests in Main Street and the participating interests in Block 11B/12B. The restructuring will result in the Company owning 100% of the ordinary shares and 100% of the Class B shares of Main Street. In addition, all loan claims between the Parties will be settled in full. Finally, the 90% participating interest in Block 11B/12B to be assigned by the Withdrawing Parties will be assigned 65% to Main Street and 25% to Arostyle, resulting in the Company (through Main Street) holding a 75% participating interest in Block 11B/12B with Arostyle holding the remaining 25%. The Agreements are subject to all relevant regulatory approvals being obtained and remain subject to the fulfilment of certain conditions, including the finalization of the assignment agreements between the Parties and the Withdrawing Parties, which will require regulatory transfer approval under section 11 of the Mineral Petroleum Development Resources Act, 2002. Satisfaction of the conditions of the Agreements is subject to a long stop date of September 30, 2026. About Africa Energy Corp. Africa Energy Corp. is a Canadian oil and gas exploration company focused on South Africa. The Company is listed in Toronto on TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market (ticker "AEC"). This is information that Africa Energy is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above on May 29, 2025, at 1:00 a.m. ET. The Company's certified advisor on Nasdaq First North Growth Market is Bergs Securities AB, +46 739 49 62 50, [email protected]. Forward looking statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance, business prospects and opportunities, which are based on assumptions of management. There is no certainty that the Parties will satisfy all the conditions in the Agreements and execute the assignment agreement and that, if executed, the terms in the assignment agreement will be consistent with the terms of the Agreements. Further, there is no certainty that the Parties will obtain all the required regulatory approvals necessary to effect the transfer of the participating interests. The use of any of the words "will", "expected", "planned", "intends" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of certain future events. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, including results, timing and costs of exploration and development activity in the Company's area of operations and, uninsured risks, regulatory changes, defects in title, availability of funds required to participate in the exploration and development activities, or of financing on reasonable terms, availability of materials and equipment on satisfactory terms, outcome of commercial negotiations with government and other regulatory authorities, timeliness of government or other regulatory approvals, actual performance of facilities, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information.
Yahoo
5 days ago
- Business
- Yahoo
Africa Energy Executes Definitive Agreements with Arostyle
VANCOUVER, BC, May 29, 2025 /CNW/ - Africa Energy Corp. (TSXV: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") announces that, following the signing of non-binding agreements that were previously announced December 20, 2024, the Company, Arostyle Investments (RF) Proprietary Ltd. ("Arostyle") and Main Street 1549 Proprietary Ltd ("Main Street") (together the "Parties") have now executed definitive binding agreements (the "Agreements") for the purpose of restructuring the Company's and Arostyle's investment in Main Street. View PDF version. Main Street currently has a direct 10% participating interest in Block 11B/12B offshore South Africa. In light of the withdrawal of the remaining joint venture partners ("Withdrawing Parties") as announced July 29, 2024, and subject to all relevant regulatory approvals, Main Street is entitled to become the holder of 100% of the participating interests in Block 11B/12B. The Company, through wholly-owned subsidiaries, owns 49% of the ordinary shares and 100% of the class B shares in Main Street. The remaining 51% of the ordinary shares of Main Street are held by Arostyle. Under the Agreements, the Parties will restructure their interests in Main Street and the participating interests in Block 11B/12B. The restructuring will result in the Company owning 100% of the ordinary shares and 100% of the Class B shares of Main Street. In addition, all loan claims between the Parties will be settled in full. Finally, the 90% participating interest in Block 11B/12B to be assigned by the Withdrawing Parties will be assigned 65% to Main Street and 25% to Arostyle, resulting in the Company (through Main Street) holding a 75% participating interest in Block 11B/12B with Arostyle holding the remaining 25%. The Agreements are subject to all relevant regulatory approvals being obtained and remain subject to the fulfilment of certain conditions, including the finalization of the assignment agreements between the Parties and the Withdrawing Parties, which will require regulatory transfer approval under section 11 of the Mineral Petroleum Development Resources Act, 2002. Satisfaction of the conditions of the Agreements is subject to a long stop date of September 30, 2026. About Africa Energy Energy Corp. is a Canadian oil and gas exploration company focused on South Africa. The Company is listed in Toronto on TSX Venture Exchange (ticker "AFE") and in Stockholm on Nasdaq First North Growth Market (ticker "AEC"). Important information This is information that Africa Energy is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above on May 29, 2025, at 1:00 a.m. ET. The Company's certified advisor on Nasdaq First North Growth Market is Bergs Securities AB, +46 739 49 62 50, Forward looking statements Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance, business prospects and opportunities, which are based on assumptions of management. There is no certainty that the Parties will satisfy all the conditions in the Agreements and execute the assignment agreement and that, if executed, the terms in the assignment agreement will be consistent with the terms of the Agreements. Further, there is no certainty that the Parties will obtain all the required regulatory approvals necessary to effect the transfer of the participating interests. The use of any of the words "will", "expected", "planned", "intends" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of certain future events. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, including results, timing and costs of exploration and development activity in the Company's area of operations and, uninsured risks, regulatory changes, defects in title, availability of funds required to participate in the exploration and development activities, or of financing on reasonable terms, availability of materials and equipment on satisfactory terms, outcome of commercial negotiations with government and other regulatory authorities, timeliness of government or other regulatory approvals, actual performance of facilities, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information. 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 Africa Energy Corp. 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Cision Canada
22-05-2025
- Business
- Cision Canada
First Nordic Strengthens Board and Provides AGM Notice
TORONTO, May 22, 2025 /CNW/ - First Nordic Metals Corp. (" First Nordic" or the " Company") (TSXV: FNM) (OTCQB: FNMCF) (FNSE: FNMC SDB) (FRA: HEG0) announces that its Annual General and Special Meeting will be held at the office of the Company at Suite 300, 1055 West Hastings Street, Vancouver, BC V6E 2E9 on Wednesday, June 25, 2025, at 10:30 a.m. Pacific Time. In conjunction with the meeting, the Company is pleased to announce the nomination of Brendan Cahill to its Board of Directors. Mr. Cahill brings over two decades of executive leadership and board experience in the mining sector, including a decade as President and CEO of Excellon Resources Inc. ("Excellon"), where he led an operational turnaround and expanded the company's portfolio across North America and Europe. He currently serves as President of Energold Minerals Inc., a strategic investor in global mineral projects, and Seanchaidh Consulting, which provides corporate strategy, financing and governance advice to mining and exploration companies. He remains a director of Excellon and is a director of Group Eleven Resources Corp., an Irish zinc explorer. He holds an LL.B. from the University of Western Ontario and began his career as a corporate finance and M&A lawyer at Davies Ward Phillips & Vineberg LLP. " Brendan's track record in operational leadership, strategic M&A, and investor engagement in the global mining sector makes him a tremendous asset to First Nordic Metals as we advance our gold exploration strategy across the Nordics," says Taj Singh, CEO of First Nordic Metals. Meeting Agenda: To receive and consider the audited financial statements of the Company for the year ended December 31, 2024, together with the auditor's report thereon. To appoint the auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors; To fix the number of directors at seven (7); To elect the directors for the ensuing year; and To consider, and if thought advisable, to approve an ordinary resolution authorizing, ratifying and confirming the Company's 10% rolling stock option plan. As of May 13, 2025, shareholders of record are eligible to participate in the upcoming Annual Meeting. Meeting documents, including the Notice of Meeting and Management Proxy Circular, are available for review on the Company's SEDAR+ profile at and on the Company's website at How to vote if your shares trade on the Nasdaq First North Growth Market The information in this section is of significance to shareholders who hold their securities through Euroclear Sweden AB ("Euroclear Registered Securities"), which trade on the Nasdaq First North Growth Market. Shareholders who hold Euroclear Registered Securities are not considered registered shareholders for the purpose of voting at the Meeting. These securities are held in the name of CDS & Co., the nominee of the Canadian Depository for Securities. As a result, shareholders will receive a Form of Proxy (the "Swedish Proxy") by mail from Computershare AB ("Computershare Sweden"). This Swedish Proxy cannot be used to vote directly at the Meeting. To ensure their vote is submitted, shareholders must complete and return the Swedish Proxy to Computershare Sweden in accordance with the instructions and deadlines provided with the form. Certified Adviser Augment Partners AB is the Company's Certified Adviser on Nasdaq First North Growth Market. Phone: +46 8-604 22 55 Email: [email protected] 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, First Nordic is 100%-owner of a district-scale license position comprised of two additional project areas (Paubäcken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, First Nordic 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. This information was submitted for publication, through the agency of the contact person set out below, on May 22, 2025, at 10:30 a.m. Eastern Time. ON BEHALF OF THE BOARD OF DIRECTORS, Taj Singh, CPA CEO & Director 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.
