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Cision Canada
4 days ago
- Business
- Cision Canada
First Nordic Metals to Acquire EMX's Nordic Business Unit
TORONTO, June 2, 2025 /CNW/ - First Nordic Metals Corp. (" First Nordic" or the " Company") (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) is pleased to announce the acquisition of the Nordic business unit ("NBU Acquisition") of EMX Royalty Corporation ("EMX"), a long-standing technical partner on several of First Nordic's key assets. This NBU Acquisition includes EMX's regional infrastructure in northern Sweden (including an exploration camp), an extensive inventory of exploration equipment, and the full integration of EMX's seasoned Nordic technical team; this consolidates the operational platform that has played a pivotal role in advancing First Nordic's exploration activities across Sweden and Finland. Taj Singh, First Nordic CEO comments: "With nearly 100,000 hectares (~100 km of strike length) under control in Sweden's highly prospective Gold Line belt, our 2025 exploration programs have already yielded encouraging results. This strategic acquisition strengthens our operational footprint, integrates top-tier regional expertise, and reaffirms our long-term commitment to unlocking the potential of Europe's most exciting gold frontier." Strategic Benefits & Key Highlights The acquisition further deepens First Nordic's capabilities and enhances project continuity. It supports the Company's commitment to long-term growth, operational efficiency, and community engagement in the Nordics. Key benefits include: Highly experienced Nordic team: Proven track record in geological evaluation, permitting, and logistics across the region. A dedicated operational hub: An upgraded year-round exploration camp in Malå, Sweden, located near the Geological Survey of Sweden's drill core repository. Comprehensive exploration asset package: Includes vehicles, handheld and robotic XRF (x-ray fluorescence) units, ground magnetometers, mobile core logging infrastructure, and modern digital tools for data acquisition and interpretation. Transaction Terms Under the terms of the agreement signed on May 30, 2025, First Nordic will acquire the EMX Nordic business unit and related assets for a total consideration of 3.25 million SEK (~US$335,000), payable over two years in equal parts cash and First Nordic common shares, structured as follows: 1.05 million SEK (~US$108,000) paid upon closing. 1.20 million SEK (~US$124,000) paid on the first anniversary of the agreement 1.00 million SEK (~US$103,000) paid on the second anniversary of the agreement. EMX will retain a 1% net smelter return (NSR) royalty on any new projects organically generated (i.e. newly staked) by First Nordic in Sweden and Finland within five years. The structure allows First Nordic to expand operations with minimal upfront capital while maintaining full strategic and operational control. As per TSX Venture Exchange (the "TSXV") policies, the NBU Acquisition constitutes a non-arm's length transaction due to a shared director (H. Lundin). The transaction remains subject to TSXV approval. All shares issued will be subject to a statutory four month and one day hold in accordance with applicable Canadian securities laws. No finder's fees are payable in connection with the transaction. 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 Follow First Nordic Metals: Twitter: @fnmetals Youtube: @firstnordicmetalscorp LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals Instagram: @firstnordicmetals The information in this release is subject to the disclosure requirements of First Nordic pursuant to the EU Market Abuse Regulations. The Company's certified adviser on the Nasdaq First North Growth Market is Augment Partners AB, [email protected], +46 8-604 22 55. This information was submitted for publication, through the agency of the contact person set out above, on June 2, 2025, at 7:00 a.m. Eastern Time. 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 news 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 and includes, statements with respect to (i) the NBU Acquisition, (ii) issuance of Shares thereunder, and (iii) receipt of TSXV approval of the NBU Acquisition. 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 news 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
29-05-2025
- Business
- Cision Canada
First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund
TORONTO, May 29, 2025 /CNW/ - First Nordic Metals Corp. (" FNM" or the " Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce results from its glacial till geochemical survey and initial base-of-till / top-of-bedrock ("BoT/ToB") drill program at the high-priority Harpsund target ("Harpsund"), located on the Company's 100%-owned Paubäcken Project in Västerbotten County, northern Sweden, within the Gold Line greenstone belt. Harpsund is located approximately 30 km south of the Company's resource-stage Barsele project. The current results advance Harpsund to a high-priority diamond drill target, strengthening FNM's target-rich belt-scale portfolio, while also continuing to demonstrate the effectiveness of FNM's exploration process. Highlights: Highly anomalous kilometric-scale gold-in-till anomaly confirmed over a +5 km structural corridor. Strong pathfinder element associations indicate a robust orogenic gold system. Large-scale gold-in-bedrock anomalism encountered in Harpsund BoT/ToB drilling. Follow-up programs, including additional BoT/ToB and diamond drilling, are fully permitted and planned for H2 2025. FNM CEO Taj Singh comments:" Harpsund is emerging as one of the more exciting new targets on the Gold Line belt. We've confirmed a cohesive, multi-kilomeric gold-in-till anomaly – one of the most robust we've seen in the region. Additionally, the initial BoT/ToB drilling confirms a large-scale, cohesive gold-in-bedrock anomaly. Our knowledge of the +5 km Harpsund/Brokojan corridor has increased substantially, and our plan is to complete a brief follow-up BoT/ToB program here shortly and then proceed to diamond drilling in 2H 2025. Across the Gold Line belt, FNM continues its exploration and drill programs on multiple high-priority targets, and this will no doubt be one of the most active years in the region." Surface Till Gold Results In previous field seasons, FNM conducted a property-wide till geochemical survey with the collection of approximately 23,000 B-horizon glacial till samples over the Paubäcken project area. A high-density sample spacing is used (15 m x 75 m average) to identify anomalous areas, and sampling direction is designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF analysis for typical orogenic gold pathfinder elements. A subset of samples from the adjacent Harpsund and Brokojan target areas, within the Paubäcken concession area, with anomalous pathfinder element signatures were selected for gold assays at MEFFA Lab Oy in Finland ("MEFFA"). Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total, 51 samples from the Harpsund/Brokojan target corridor were selected for gold analysis. Detailed glacial till sampling surveys have confirmed widespread gold mineralization along the Harpsund target area returning strongly anomalous gold results associated with a complex second order shear corridor. For regional context, values of 50 ppb gold and higher in glacial till are considered highly anomalous and thus important for the discovery of gold mineralization. In the current program, 97% of the samples from Harpsund returned values greater than 50 ppb gold, with samples up to 256 ppb gold. Results from the gold analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. The Harpsund/Brokojan target area forms two broad gold-in-till anomalies over a 5 km strike of a second order splay structure off the main Gold Line regional structure parallel with the down ice direction. The underlying geology is dominated by folded and sheared metasedimentary and metavolcanic units that are bounded by two prominent second order structural corridors. The orientation of the cohesive Harpsund anomaly is parallel to the axis of a plunging fold, with the highest and widest portion of the anomaly at the intersection of the fold axis and regional flexure within the second order splay structure. The Brokojan anomaly is more diffuse and occurs near the intersection between the first order regional Gold Line structure and the second order Harpsund/Brokojan splay structure. The Harpsund gold-in-till dispersion plume anomaly is one of the most cohesive surface till anomalies on the Gold Line belt and measures 2 km along the fold axis and in the down ice direction, by up to 800 m wide. Within the metasedimentary and metavolcanic units of the Harpsund target area, metal associations are generally Au-As-Cu-W-Ag-Te-Sb. Top-of-Bedrock/Base-of-Till Drilling Results In Q1 2025, 116 BoT/ToB holes were completed at Harpsund and Brokojan. At Harpsund, drilling targeted the strongest part of the gold anomaly located within the axis of the fold hinge and the intersection of the fold axis and second order splay structure. Gold results were generally anomalous with bedrock results up to 0.18 ppm gold and sample results > 0.1 ppm in 13 locations, forming a cohesive gold-in-bedrock anomaly. For regional context, values of 0.1 ppm or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. Large areas of the gold-in-till anomaly along the axis of the fold to the NE in the up-ice direction were not drilled due access limitations in steep and challenging ground conditions; due to this, a large portion of the target area along the axis of the fold was not adequately tested in the drilling program and results encountered are potentially outside the main source of the anomaly. In addition, due to ground conditions sloping steeply to the northeast, it is possible that the till anomaly has been transposed slightly from the original location. The results are considered highly encouraging, and follow-up diamond drilling over the 2 km target area is planned for the second half of 2025, following programs at other priority targets along the Gold Line belt. Access was significantly limited at the Brokojan target due to several factors including unusually mild winter conditions resulting in partially frozen swamp areas, and steep ground conditions. The main target area at Brokojan was not tested as a result and will be targeted with a follow up campaign of BoT/ToB in H2 2025 when conditions allow. About the Harpsund and Brokojan Targets The Harpsund and Brokojan targets are located within the Paubäcken Project area of the Gold Line belt in northern Sweden. Both target areas are located on a northwest trending second order splay structure off the main regional Gold Line belt structure. The Brokojan target is located at the intersection of first and second order structures, and the Harpsund target within a large flexure and/or fold hinge along the structure. The geology consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. These lithological sequences are highly prospective for orogenic gold deposits. About the Paubäcken Project The Paubäcken project covers 17,097 hectares across three licenses in the heart of northern Sweden's emerging "Gold Line belt". The belt hosts several significant gold deposits, including the Company's nearby Barsele project as well as the Svartliden mine and Fäboliden development project, operated by Dragon Mining Ltd. ABOUT FIRST NORDIC METALS First Nordic Metals Corp. (FNM) 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 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, 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, Phone: 604-687-8566, Email: [email protected] Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QA/QC Benjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. ToB/BoT samples All 2025 BoT/ToB samples were collected under the supervision of EMX Royalty Corporation employees. Till and bedrock samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain-of-custody and transported to the ALS Laboratory prep lab in Piteå. Samples were transported by ALS Laboratories to ALS in Loughrea, Ireland. Samples from the till part of the program where prepared with PREP-41 in Pitea. Samples where dried (<60°C) and sieved (-180µm (80mesh)) and subsequently 25 g of the fine fraction were analysed for Gold using the ALS AuME-ST43 package with a cyanide and aqua regia digestion and ICP-MS finish. Samples from the bedrock were separated in the lower 1.5 m sample interval, where individual samples were crushed to 2 mm (10 mesh) and a 250 g split was pulverized to 75 μm (200 mesh) for analysis (PREP-31Y) and analysed with a complete characterization package CCP-PKG01 combined with PGM-ICP23 for precious metals analysis. The assay package for the complete characterization combines a total carbon analysis (C-IR07), a multi element with ME-4ACD81 four acid digestion and ICP-AES finish for base metals, a major element analysis using ME-ICP06 with a fusion digestion and an ICP-AES finish, ME-MS42 with an Aqua Regia digestion and an ICP-MS finish for more volatile elements, ME-MS81 for refractory elements using a Li-Borate fusion digestion and ICP-MS finish, and sulfur content by induction furnace (S-IR08). If a second bedrock sample could be taken, the upper 1.5 m were analysed for gold only using ALS method PGM-ICP23 where a 30 g split is analyzed with fire assay by Pb collection and AAS finish. Surface till samples Sample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS for gold. Cautionary Note Regarding Forward-Looking Statements: 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. This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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 FNM undertakes no obligation to update such statements, except as required by law.
Yahoo
29-05-2025
- Business
- Yahoo
First Nordic Confirms Robust Gold-in-Till Anomaly and Reports Encouraging Top-of-Bedrock Drill Results at Harpsund
TORONTO, May 29, 2025 /CNW/ - First Nordic Metals Corp. ("FNM" or the "Company") (TSX.V: FNM, Stockholm: FNMC SDB, OTCQB: FNMCF, Germany: HEG0) is pleased to announce results from its glacial till geochemical survey and initial base-of-till / top-of-bedrock ("BoT/ToB") drill program at the high-priority Harpsund target ("Harpsund"), located on the Company's 100%-owned Paubäcken Project in Västerbotten County, northern Sweden, within the Gold Line greenstone belt. Harpsund is located approximately 30 km south of the Company's resource-stage Barsele project. The current results advance Harpsund to a high-priority diamond drill target, strengthening FNM's target-rich belt-scale portfolio, while also continuing to demonstrate the effectiveness of FNM's exploration process. Highlights: Highly anomalous kilometric-scale gold-in-till anomaly confirmed over a +5 km structural corridor. Strong pathfinder element associations indicate a robust orogenic gold system. Large-scale gold-in-bedrock anomalism encountered in Harpsund BoT/ToB drilling. Follow-up programs, including additional BoT/ToB and diamond drilling, are fully permitted and planned for H2 2025. FNM CEO Taj Singh comments: "Harpsund is emerging as one of the more exciting new targets on the Gold Line belt. We've confirmed a cohesive, multi-kilomeric gold-in-till anomaly – one of the most robust we've seen in the region. Additionally, the initial BoT/ToB drilling confirms a large-scale, cohesive gold-in-bedrock anomaly. Our knowledge of the +5 km Harpsund/Brokojan corridor has increased substantially, and our plan is to complete a brief follow-up BoT/ToB program here shortly and then proceed to diamond drilling in 2H 2025. Across the Gold Line belt, FNM continues its exploration and drill programs on multiple high-priority targets, and this will no doubt be one of the most active years in the region." Surface Till Gold ResultsIn previous field seasons, FNM conducted a property-wide till geochemical survey with the collection of approximately 23,000 B-horizon glacial till samples over the Paubäcken project area. A high-density sample spacing is used (15 m x 75 m average) to identify anomalous areas, and sampling direction is designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF analysis for typical orogenic gold pathfinder elements. A subset of samples from the adjacent Harpsund and Brokojan target areas, within the Paubäcken concession area, with anomalous pathfinder element signatures were selected for gold assays at MEFFA Lab Oy in Finland ("MEFFA"). Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total, 51 samples from the Harpsund/Brokojan target corridor were selected for gold analysis. Detailed glacial till sampling surveys have confirmed widespread gold mineralization along the Harpsund target area returning strongly anomalous gold results associated with a complex second order shear corridor. For regional context, values of 50 ppb gold and higher in glacial till are considered highly anomalous and thus important for the discovery of gold mineralization. In the current program, 97% of the samples from Harpsund returned values greater than 50 ppb gold, with samples up to 256 ppb gold. Results from the gold analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. The Harpsund/Brokojan target area forms two broad gold-in-till anomalies over a 5 km strike of a second order splay structure off the main Gold Line regional structure parallel with the down ice direction. The underlying geology is dominated by folded and sheared metasedimentary and metavolcanic units that are bounded by two prominent second order structural corridors. The orientation of the cohesive Harpsund anomaly is parallel to the axis of a plunging fold, with the highest and widest portion of the anomaly at the intersection of the fold axis and regional flexure within the second order splay structure. The Brokojan anomaly is more diffuse and occurs near the intersection between the first order regional Gold Line structure and the second order Harpsund/Brokojan splay structure. The Harpsund gold-in-till dispersion plume anomaly is one of the most cohesive surface till anomalies on the Gold Line belt and measures 2 km along the fold axis and in the down ice direction, by up to 800 m wide. Within the metasedimentary and metavolcanic units of the Harpsund target area, metal associations are generally Au-As-Cu-W-Ag-Te-Sb. Top-of-Bedrock/Base-of-Till Drilling ResultsIn Q1 2025, 116 BoT/ToB holes were completed at Harpsund and Brokojan. At Harpsund, drilling targeted the strongest part of the gold anomaly located within the axis of the fold hinge and the intersection of the fold axis and second order splay structure. Gold results were generally anomalous with bedrock results up to 0.18 ppm gold and sample results > 0.1 ppm in 13 locations, forming a cohesive gold-in-bedrock anomaly. For regional context, values of 0.1 ppm or higher in bedrock are considered highly anomalous and thus important for the discovery of gold mineralization. Large areas of the gold-in-till anomaly along the axis of the fold to the NE in the up-ice direction were not drilled due access limitations in steep and challenging ground conditions; due to this, a large portion of the target area along the axis of the fold was not adequately tested in the drilling program and results encountered are potentially outside the main source of the anomaly. In addition, due to ground conditions sloping steeply to the northeast, it is possible that the till anomaly has been transposed slightly from the original location. The results are considered highly encouraging, and follow-up diamond drilling over the 2 km target area is planned for the second half of 2025, following programs at other priority targets along the Gold Line belt. Access was significantly limited at the Brokojan target due to several factors including unusually mild winter conditions resulting in partially frozen swamp areas, and steep ground conditions. The main target area at Brokojan was not tested as a result and will be targeted with a follow up campaign of BoT/ToB in H2 2025 when conditions allow. About the Harpsund and Brokojan TargetsThe Harpsund and Brokojan targets are located within the Paubäcken Project area of the Gold Line belt in northern Sweden. Both target areas are located on a northwest trending second order splay structure off the main regional Gold Line belt structure. The Brokojan target is located at the intersection of first and second order structures, and the Harpsund target within a large flexure and/or fold hinge along the structure. The geology consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. These lithological sequences are highly prospective for orogenic gold deposits. About the Paubäcken ProjectThe Paubäcken project covers 17,097 hectares across three licenses in the heart of northern Sweden's emerging "Gold Line belt". The belt hosts several significant gold deposits, including the Company's nearby Barsele project as well as the Svartliden mine and Fäboliden development project, operated by Dragon Mining Ltd. ABOUT FIRST NORDIC METALSFirst Nordic Metals Corp. (FNM) 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 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, 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, Phone: 604-687-8566, Email: ir@ Follow First Nordic Metals:Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetalsFacebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QA/QCBenjamin Gelber, P. Geo., Exploration Head of FNM, is the Qualified Person as defined in NI 43-101, and takes responsibility for the technical disclosure contained within this news release. ToB/BoT samplesAll 2025 BoT/ToB samples were collected under the supervision of EMX Royalty Corporation employees. Till and bedrock samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Groups of samples were placed in large bags and sealed with numbered tags to maintain a chain-of-custody and transported to the ALS Laboratory prep lab in Piteå. Samples were transported by ALS Laboratories to ALS in Loughrea, Ireland. Samples from the till part of the program where prepared with PREP-41 in Pitea. Samples where dried (<60°C) and sieved (-180µm (80mesh)) and subsequently 25 g of the fine fraction were analysed for Gold using the ALS AuME-ST43 package with a cyanide and aqua regia digestion and ICP-MS finish. Samples from the bedrock were separated in the lower 1.5 m sample interval, where individual samples were crushed to 2 mm (10 mesh) and a 250 g split was pulverized to 75 μm (200 mesh) for analysis (PREP-31Y) and analysed with a complete characterization package CCP-PKG01 combined with PGM-ICP23 for precious metals analysis. The assay package for the complete characterization combines a total carbon analysis (C-IR07), a multi element with ME-4ACD81 four acid digestion and ICP-AES finish for base metals, a major element analysis using ME-ICP06 with a fusion digestion and an ICP-AES finish, ME-MS42 with an Aqua Regia digestion and an ICP-MS finish for more volatile elements, ME-MS81 for refractory elements using a Li-Borate fusion digestion and ICP-MS finish, and sulfur content by induction furnace (S-IR08). If a second bedrock sample could be taken, the upper 1.5 m were analysed for gold only using ALS method PGM-ICP23 where a 30 g split is analyzed with fire assay by Pb collection and AAS finish. Surface till samplesSample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS for gold. Cautionary Note Regarding Forward-Looking Statements: 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. This News Release contains forward-looking statements, including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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 FNM undertakes no obligation to update such statements, except as required by law. 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
20-05-2025
- Business
- Cision Canada
First Nordic Metals Concludes Florida Roadshow Highlighted by Investor Forum at Mar-a-Lago and Florida Investment Club Events
TORONTO, May 20, 2025 /CNW/ - First Nordic Metals Corp. (" First Nordic" or the " Company") (TSXV: FNM) (OTCQB: FNMCF) (FNSE: FNMC SDB) (FRA: HEG0) is pleased to announce the successful completion of its Florida road show last week, which featured a series of high-impact investor events, including an exclusive investor forum at Mar-a-Lago, luncheons with investor clubs in West Palm Beach and Boca Raton, and participation in the Top Shelf Partners Commodities Conference. Led by CEO Taj Singh and President Adam Cegielski, the multi-day initiative formed part of First Nordic's broader strategy to expand visibility and strengthen its capital markets presence across North America and Europe. Taj Singh CEO of First Nordic comments: "This was an incredibly valuable opportunity to engage directly with high-caliber investors who understand the importance of exposure to high-potential gold assets in secure, mining-friendly jurisdictions. From the Mar-a-Lago initiative to the rest of the Florida roadshow we were able to reinforce our vision and highlight what truly differentiates First Nordic." The roadshow's signature event was an invite-only investor forum and dinner at the Mar-a-Lago Club in Palm Beach on May 7, where Company leadership provided updates on exploration plans and market positioning. The Company also held two private lunches, one in West Palm Beach and one in Boca Raton, with over 70 accredited investors. First Nordic also presented at 1x1 meetings at the Top Shelf Partners Commodities Conference, drawing interest from institutional and high-net-worth investors focused on the global resource sector. The road show follows a milestone period for First Nordic, which was named to the 2025 TSX Venture 50, gained national media exposure in the U.S. including coverage on Fox News, and completed a successful dual listing on the Nasdaq First North Growth Market in Sweden under the ticker FNMC SDB. With a dominant land position across Sweden's Gold Line belt and Finland's Oijärvi belt, First Nordic is positioned to lead the next wave of European gold discovery. 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. ON BEHALF OF THE BOARD OF DIRECTORS, Taj Singh, CPA CEO & Director For further information contact: Marie Macdonald Investor Relations Phone: 604-687-8566 Email: [email protected] Website: Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals | Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals Cautionary Note Regarding Forward-Looking Statements: 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 press 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 press 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 press release are free from errors and readers of this press 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 press release and are subject to change without notice.
Cision Canada
15-05-2025
- Business
- Cision Canada
First Nordic Receives Regional Till Gold Assays, Confirming Five New Kilometric-Scale Gold Anomalies at Storjuktan Project
TORONTO, May 15, 2025 /CNW/ - First Nordic Metals Corp. (the "Company" or "FNM") (TSX.V: FNM, OTCQB: FNMCF, Stockholm: FNMC SDB, Frankfurt: HEG0) is pleased to announce results from its recent regional geochemistry exploration program on the 100%-owned Storjuktan project area of the Gold Line greenstone belt, northern Sweden. The Storjuktan project area is directly contiguous to the north of the Company's resource-stage Barsele gold project. Highlights: Five new gold-in-till anomalies identified on the Storjuktan project area. Widespread gold mineralization associated with regional shear architecture and interpreted to be sourced from multiple lithology types. Targets are fully permitted for follow up base-of-till / top-of-bedrock (BoT-ToB) drilling in H2 2025. Over half the Storjuktan project area remains untested with surface geochemistry. Taj Singh, FNM CEO comments:"FNM continues to add more multi-kilometric targets to be progressed through our exploration stage-gate process. The constantly growing number of large-scale targets on the Gold Line belt not only reflects the underexplored nature of the region but also the potential strength of the underlying mineralized systems / sources. All five of these new gold anomalies at Storjuktan will be moved on to BoT-ToB drilling in the coming months and then onto diamond drilling thereafter. As announced a few weeks ago, we are preparing to mobilize a diamond drill rig to the Nippas area of the Storjuktan project in the coming weeks. Additionally, our diamond drilling program continues at the Aida target, located on our Paubäcken project on the southern Gold Line belt, with initial results expected soon." 2025 Storjuktan Project Target Generation During the 2024 field season, FNM continued a property-wide till geochemical survey with the collection of approximately 17,000 B-horizon glacial till samples over the Storjuktan project area. The 2024 geochemical exploration program consisted of an expansion of the 2023 regional till sampling program. A high-density sample spacing was used (15m x 100m average sample spacing) to identify anomalous areas, and sampling direction was designed to be perpendicular to structural corridors as well as oblique to the ice flow direction. All samples were screened using XRF (x-ray fluorescence) analysis for typical orogenic gold pathfinder elements. Early in 2025 five new high priority kilometric-scale orogenic gold pathfinder anomalies were identified, demonstrating the effectiveness of the Company's exploration system for identifying new high priority targets in a systematic and cost-effective manner. Subsequently in Q2 2025 a subset of samples from anomalous areas were selected for gold assay at MEFFA Lab Oy in Finland ("MEFFA"). Surface Till Gold Analysis Results A subset of samples from identified target areas with anomalous pathfinder element signatures were selected for gold ("Au") assay at MEFFA Lab Oy. Samples are prepared at MEFFA where the fine fraction is separated in a wet sieving process and subsequently analysed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. In total 1,936 samples from five identified target areas were selected for Au analysis within the Storjuktan concession area. Regional glacial till sampling surveys have identified widespread, newly discovered gold mineralization in multiple locations across the Storjuktan concession returning strongly anomalous gold results associated with multiple shear corridors within the belt. Results from the Au analysis show a strong correlation to orogenic gold pathfinder element anomalies and are interpreted to be derived from various bedrock lithologies and shear zones identified from geophysics data. Due to the extent of the Au anomalies encountered, FNM plans to increase the Au analysis coverage over greater areas of receptive geology and structural corridors with a second batch of samples. Storjuktan S outhern Target Area The southern target area contains three main sub-parallel, anastomosing shear corridors comprising the Gold Line belt structural corridor. The structures transect and form contacts between lithologies, collectively forming a complex anastomosing network of flexures and intersections. Underlying geology of the southern target area consists of inverted metasedimentary, metavolcanic, metavolcaniclastic units intruded by smaller syn-tectonic granitic intrusions. The target area is bounded to the north by a large syn-tectonic granite intrusion that acts as a buttress for the supracrustal units and structures to wrap around. These structures were targeted in the 2024 till sampling program. Four new target areas at Bråna, Sellman, Meta, and Ladu have been identified in the southern target area in 2025. Bråna Target Area Summary The Bråna target is a broad gold-in-till anomaly covering an area of approximately 2 km strike length perpendicular to the down ice direction by 1 km width in the down ice direction. The underlying geology is dominated by metasedimentary units transected by a prominent regional structural corridor. The source of the anomaly is interpreted to be within a regional flexure in the shear corridor with the highest value cluster located near the intersection between two structures. Within the metasedimentary units, metal associations are generally Au-As-Cu-Zn (gold-arsenic-copper-zinc) with till sample results up to 217 ppb Au. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Sellman Target Area Summary The Sellman target is a broad gold-in till anomaly that measures approximately 1.2 km in the down ice direction. The underlying geology is dominated by metavolcanic and metavolcaniclastic units in between two parallel shear structures. The anomaly forms two main gold clusters with results up to 302 ppb Au that are interpreted to lie within the hinge and limb of a broad fold structure located between two regional shear corridors. Within the metavolcanic units metal associations are muted and there are no obvious coincident pathfinder element signatures. The area analysed for gold at the Sellman target was limited and is planned to be expanded along the interpreted fold hinge and shear zone orientation. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Meta Target Area Summary The Meta target is a broad gold-in-till dispersion anomaly covering a strike length of approximately 1 km in the down ice direction. The underlying geology is a complex mix of metasediments and granitoid units that are transected by a regional structural corridor which is interpreted to be the source of the anomaly. Metal associations are generally Au-As-Cu with till sample results up to 197 ppb Au. Till sampling coverage at this target location was limited due to swampy ground conditions. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Ladu Target Area Summary The Ladu target is a linear gold-in-till anomaly that strikes 1.2 km along a regional structural corridor perpendicular to the down ice direction. Sampling at this target area in the down ice direction was limited due to swampy ground conditions. The underlying geology is dominated by metavolcanics / metavolcaniclastic sediments along the sheared contact with a large granite intrusion. The anomaly is interpreted to be sourced from the regional shear which forms the contact between the intrusion and supracrustal units along which the gold anomaly is coincident. Within the metavolcanic / metavolcaniclastic units metal associations are generally Au-As-Cu with till sample results up to 55 ppb. The area analysed for gold at the Ladu target was limited and is planned to be expanded along the interpreted shear zone orientation. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. Northern Target Area The main Gold Line belt structure appears to bifurcate in the northern extent of the Storjuktan project area with the main structural corridor forming a regional west-verging flexure. The underlying geology is dominated by folded and sheared metavolcanic and metavolcaniclastic units that are bounded on three sides by large granitic intrusions. The main Gold Line regional structural corridor both bisects these volcanic units and forms the boundary between the supracrustal rocks and the granite intrusions. The metavolcanic units and both the northeast and northwest trending structures were targeted in the 2024 sampling campaign. While only limited till sampling was completed in the northern target area at the end of the 2024 campaign, one new cohesive gold-in-till anomaly has been identified at the Lomvan target area. Lomvan Target Area Summary The Lomvan target is a broad gold-in-till anomaly covering an area of approximately 2 km strike length by 600 m width in the down ice direction parallel to the main structural trend orientation. The underlying geology is dominated by metavolcanic units transected by two prominent regional structural corridors that are interpreted to be the source of the gold anomaly. Within the metavolcanic units, metal associations are generally Au-As-Cu with till sample results up 193 ppb. Follow up BoT-ToB drilling is planned to test this target with fences perpendicular to the regional structure orientation. About the Storjuktan Project The Storjuktan project is a large, early-stage project strategically positioned north of the Company's resource-stage Barsele project. It consists of seven contiguous licenses covering 30,000 ha located in the northern portion of the Gold Line belt. The Storjuktan project contains over 60 km of the regional Gold Line structural corridor. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring mainly on second- and third-order splay structures. The Project contains over 60 km of the regionally significant "Gold Line" structure which can be traced for over 200 km in regional geophysics data. The Gold Line was first recognized in the late 1970s as a large arsenic-in-soil anomaly formed by a regional fault. All mineralization discovered to date shows a spatial relationship to this structural corridor, occurring either in the main shear corridor or on perpendicular structures within a few km of the main structures. The geology of the Storjuktan project consists of a sequence of inverted basin sediments and mafic volcanic rocks intruded by small syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. The rocks are regionally metamorphosed to amphibolite facies and gold mineralization is associated with intense biotite, and calc-silicate alteration assemblages and sulphide minerals pyrrhotite, arsenopyrite, and minor other sulphides. These lithological sequences are highly prospective for orogenic gold deposits. About the Gold Line Belt Geology The geology of the Gold Line belt consists of an inverted volcano-sedimentary sequence intruded by small pre- to syn-kinematic granitic intrusions within a broad, anastomosing high strain structural corridor. Lithologies are regionally metamorphosed to upper greenschist and amphibolite grade facies, and gold mineralization is associated with intense sericite, carbonate, biotite, and calc-silicate alteration assemblages and sulphide minerals pyrite, arsenopyrite, and pyrrhotite. The regional Gold Line structural corridor runs up the axis of the belt with many jogs, splays, and zones of structural complexity that are potential locations for dilation and deposition of gold bearing fluids. These lithological sequences are deemed to be highly prospective for orogenic gold deposits. 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 km of strike coverage along 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, Phone: 604-687-8566, Email: [email protected] Follow First Nordic Metals: Twitter: @fnmetals | Youtube: @firstnordicmetalscorp | LinkedIn: @firstnordicmetals Facebook: @FirstNordicMetals | Instagram: @firstnordicmetals Qualified Person & QAQC: Benjamin Gelber, P. Geo., Exploration Head of the Company, is the Qualified Person as defined in NI 43-101 and takes responsibility for the technical disclosure contained within this News Release. All 2025 till samples noted herein were collected under the supervision of EMX Royalty Corporation employees. Samples were transported from the drilling locations where it was bagged to the EMX office facility located in Malå, northern Sweden where it was logged. Sample reference materials were inserted at regular sample intervals. Samples were measured for gold pathfinder elements at the EMX facility via x-ray fluorescence (XRF). Based on the XRF results a subset of samples is then sent to MEFFA Labs Oy in Finland, where samples are prepared by fine fraction separation in a wet sieving process and subsequently analyzed by laser ablation ICP-MS (inductively coupled plasma mass spectrometry) for gold. Forward-Cautionary Note Regarding Forward-Looking Statements: 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. This press 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 press 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 press release are free from errors and readers of this press 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 press 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 press release, unless it is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
