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First Nordic Metals Announces C$10 Million "Best Efforts" LIFE Offering of Units - First Nordic Metals (OTC:FNMCF)

SWEDEN AND FINLAND, JUL 9 – First Nordic Metals aims to raise up to C$10 million to fund exploration at its northern Sweden and Finland properties and support corporate operations.

  • First Nordic Metals announced a C$10 million private placement of 27,027,027 units at C$0.37 each, aiming to raise funds for exploration and growth.
  • The private placement was driven by funding needs for exploration in Sweden and Finland, supporting the Barsele gold project joint venture with Agnico Eagle Mines Limited.
  • First Nordic Metals' units include warrants exercisable at C$0.55 for 24 months, with a C$5 million minimum offering and an option for agents to sell an additional 15% up to C$1.5 million.
  • First Nordic Metals' C$10 million private placement is set to close around July 31, 2025, pending TSX Venture Exchange and regulatory approvals, enabling exploration funding in Scandinavia.
  • First Nordic Metals' C$10 million private placement aims to fund exploration in Sweden and Finland, with warrants that accelerate expiry if shares trade above C$0.75 for 20 days.
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First Nordic Metals Announces C$10 Million “Best Efforts” LIFE Offering of Units

/ NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO, July 09, 2025 (GLOBE NEWSWIRE)

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Inside Ottawa Valley broke the news in Ottawa, Canada on Wednesday, July 9, 2025.
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