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The latest announcement is out from First Nordic Metals ( (TSE:FNM) ).
First Nordic Metals Corp. successfully closed an oversubscribed financing round, raising C$15.4 million through the sale of units. The proceeds will be used for exploration activities in Sweden and Finland, as well as for general corporate purposes. The offering was led by Haywood Securities Inc. and Ventum Financial Corp., and included a syndicate of agents. The transaction involved issuing common shares and warrants, with certain insiders participating, which was considered a related party transaction. The offering remains subject to final acceptance by the TSX Venture Exchange.
The most recent analyst rating on (TSE:FNM) stock is a Buy with a C$1.35 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 properties. The company primarily targets resources in Sweden and Finland, aiming to expand its market presence in the Nordic region.
Average Trading Volume: 347,897
Technical Sentiment Signal: Sell
Current Market Cap: C$102M
For detailed information about FNM stock, go to TipRanks’ Stock Analysis page.