First Nordic Announces Warrant and Option Exercises
First Nordic Announces Warrant and Option
Exercises
TORONTO
,
March 31, 2025
/CNW/ -
First Nordic Metals Corp.
(the
"Company"
or
"First
Nordic"
) (TSXV: FNM) (
Stockholm
: FNMC SDB) OTCQB: FNMCF) (Germany: HEG0) is pleased to
announce the exercise of warrants and stock options in Q4 2024 totalling
C$0.39 million
) and in Q1-
2025 totalling
C$1.22 million
, resulting in aggregate gross proceeds of
C$1.61 million
to the
Company.
Taj Singh
, First Nordic CEO comments:
"First Nordic has continued to steadily deliver on its
business plan; supportive shareholders have recognized this by exercising their warrants and
options and increasing their exposure to First Nordic. Inclusive of the
C$1.4M
raised on our recent
Nasdaq First North listing, over
$3 million
has been raised by the Company over the past few
months following our Q4 2024 bought deal financing. We remain well-funded to advance our
extensive and ongoing drill programs on the Gold Line belt in northern
Sweden
and are hopeful for
significant technical advances this year."
Marketing Update
First Nordic also announces it has extended its previously announced agreement (
August 27, 2024
)
("Marketing Agreement") with RMK Marketing Inc. ("RMK") for marketing and advertising services.
The term of the extension to the agreement is six months commencing
April 1, 2025
. Under the
terms of the Marketing Agreement, the Company will compensate RMK
$150,000
, with an option to
increase the advertising budget to up to
$250,000
. The Company will not issue any securities to
RMK as compensation for the services. As of the date hereof, to the Company's knowledge, RMK
(including its directors and officers) does not own any securities of the Company and has an arm's-
length relationship with the Company. RMK is an independent company which will, as appropriate,
provide project management and consulting for an on-line marketing campaign, coordinate marketing
actions, maintain and optimize adwords campaigns, adapt adwords bidding strategies, optimize
adwords ads, and create and optimize landing pages. The promotional activity will occur by e-mail,
Facebook and Google.
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 projects (Paubäcken,
Storjuktan), which combined with Barsele, total approximately 100,000 hectares on 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
, M.Eng, P.Eng, CPA
President & Director
Follow First Nordic Metals:
Twitter: @fnmetals
Youtube: @firstnordicmetalscorp
LinkedIn: @firstnordicmetals
Facebook: @FirstNordicMetals
Instagram: @firstnordicmetals
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.
Cautionary Note Regarding Forward-Looking Statements:
This release contains "forward
looking information" or "forward-looking statements" within the
meaning of Canadian securities laws, which may include, but are not limited to statements relating
to receipt of TSXV acceptance of the Incentive Program and use of proceeds from the Incentive
Program. All statements in this release
,
other than statements of historical facts, that address
events or developments that the Company expects to occur, are forward-looking statements.
Forward-looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ from those in the forward-looking
statements. Such forward-looking information reflects the Company's views with respect to future
events and is subject to risks, uncertainties and assumptions. Such factors include, among other
things: risks and uncertainties relating to exploration and development, the ability of the Company
to obtain additional financing, the need to comply with environmental and governmental
regulations, fluctuations in the prices of gold and other commodities, operating hazards and risks
inherent in the resource industry, competition and other risks and uncertainties, including those
described in the Company's financial statements and/or management discussion and analysis
available on
www.sedarplus.ca
The Company does not undertake to update forward
looking
statements or forward-looking information, except as required by law
.
SOURCE
First Nordic Metals Corp.
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For further information:
For further information contact: Alicia Ford, Business Development
Manager, Phone: 604-687-8566, Email: [email protected]
CO: First Nordic Metals Corp.
CNW 10:56e 31-MAR-25