First Nordic Metals to Facilitate Share Conversion to SDRs for Nasdaq First North Listing

Barsele Minerals ( (TSE:FNM) ) just unveiled an update.

First Nordic Metals Corp. has announced its intention to allow shareholders to convert their common shares into Swedish depository receipts (SDRs) as part of its application for a secondary listing on Nasdaq First North Growth Market in Sweden. This move aims to facilitate trading for European investors and enhance the company’s market presence in Europe. The listing is subject to approval from Nasdaq Stockholm, and the company plans to commence trading in the first quarter of 2025.

More about Barsele Minerals

First Nordic Metals Corp. (FNM) is a Canadian-based gold exploration company focused on consolidating assets in Sweden and Finland. The company’s flagship asset is the Barsele Gold Project in northern Sweden, a joint venture with Agnico Eagle Mines Limited. FNM owns a district-scale license position surrounding the Barsele project, including three additional projects on the Gold Line Belt, totaling 104,000 hectares. In northern Finland, FNM also owns a district-scale position covering the Oijärvi Greenstone Belt, including the Kylmäkangas deposit.

YTD Price Performance: 42.11%

Average Trading Volume: 344,374

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$127.7M

Learn more about FNM stock on TipRanks’ Stock Analysis page.