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An announcement from First Nordic Metals ( (TSE:FNM) ) is now available.
First Nordic Metals Corp. has provided an update on its acquisition of EMX Royalty Corporation’s Nordic business unit, which is a non-arm’s length transaction due to shared directorship. The acquisition has received conditional acceptance from the TSX Venture Exchange and is pending clearance under the Swedish Foreign Direct Investment Act, expected by October 2025. Additionally, First Nordic confirmed the details of its recent financing efforts, raising over C$15 million and issuing compensation options to agents.
The most recent analyst rating on (TSE:FNM) stock is a Buy with a C$1.50 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. is a Canadian-based gold exploration company focused on consolidating assets in Sweden and Finland. The company aims to create Europe’s next major gold camp, with its flagship asset being the Barsele gold project in northern Sweden, a joint venture with Agnico Eagle Mines Limited. First Nordic also holds 100% ownership of district-scale licenses in Sweden and Finland, covering significant greenstone belts.
Average Trading Volume: 454,308
Technical Sentiment Signal: Buy
Current Market Cap: C$130.4M
For a thorough assessment of FNM stock, go to TipRanks’ Stock Analysis page.