First Nordic Metals Commences Key Drilling Program at Nippas Target

First Nordic Metals ( (TSE:FNM) ) has provided an update.

First Nordic Metals Corp. has initiated a 5,000-meter Phase 1 diamond drill program at its Nippas target in northern Sweden, part of the Storjuktan land package. This program aims to explore two of three identified structural corridors for mineralization, with plans for further drilling based on initial success. The initiative is expected to enhance the company’s geological understanding and potentially establish Nippas as a significant discovery within the Gold Line belt, supporting broader exploration efforts and strategic positioning in the region.

The most recent analyst rating on (TSE:FNM) stock is a Buy with a C$1.25 price target. To see the full list of analyst forecasts on First Nordic Metals stock, see the TSE:FNM Stock Forecast page.

More about First Nordic Metals

First Nordic Metals Corp. operates in the mining industry, focusing on exploration and development of mineral resources. The company is engaged in projects within the Gold Line greenstone belt in northern Sweden, with a particular emphasis on gold and other associated minerals.

Average Trading Volume: 270,429

Technical Sentiment Signal: Hold

Current Market Cap: C$108.4M

See more data about FNM stock on TipRanks’ Stock Analysis page.