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An announcement from First Nordic Metals ( (TSE:FNM) ) is now available.
First Nordic Metals Corp. has announced an increase in its non-brokered private placement to raise up to C$68 million and has launched an additional brokered private placement to raise C$12 million. This move is part of a strategic transaction to acquire Mawson Finland Limited, consolidating a significant gold exploration portfolio in Sweden and Finland. The transaction will result in the formation of NordCo Gold, with a consolidated share structure and diverse shareholder base. The funds raised will support exploration programs, transaction costs, and general corporate purposes, potentially enhancing the company’s market position in the Nordic 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 gold development and exploration. The company has projects in Sweden and Finland, including the Barsele Joint Venture Project and Gold Line Belt projects in Sweden, and the Oijärvi Project in Finland.
Average Trading Volume: 582,565
Technical Sentiment Signal: Buy
Current Market Cap: C$128.8M
See more data about FNM stock on TipRanks’ Stock Analysis page.