Goldsky Takes Full Control of Barsele Gold Project in Transformational Deal with Agnico Eagle

An update from First Nordic Metals ( (TSE:GSKR) ) is now available.

Goldsky Resources has agreed to acquire Agnico Eagle’s remaining 55% stake in the Barsele Gold Project in northern Sweden, giving it full ownership of the asset through the purchase of Agnico Sweden’s interest in Gunnarn Mining AB. The all-in consideration comprises US$20 million in cash, 75.5 million Goldsky shares and the grant of a 2% net smelter return royalty on Barsele, after which Agnico Eagle will hold about 32.5% of Goldsky’s shares and provide transitional support for nine months. With Barsele’s existing indicated and inferred resources and its location at the centre of Goldsky’s contiguous exploration licences totaling roughly 80,000 hectares on the Gold Line belt, the deal consolidates strategic control over a prospective district-scale gold corridor and is positioned by the company as a transformational step toward becoming a leading Nordic gold developer, underpinned by a recent C$80 million capital raise and a commitment to maintain strong technical, environmental and community practices.

The most recent analyst rating on (TSE:GSKR) 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:GSKR Stock Forecast page.

More about First Nordic Metals

Goldsky Resources is a Vancouver-based gold exploration and development company focused on advancing the Barsele Gold Project and a broader district-scale land package along Sweden’s Gold Line greenstone belt. Operating within a well-established mining region in northern Sweden, the company targets the development of a large-scale Nordic gold project supported by existing infrastructure, skilled local workforce and access to power, road and rail networks.

Average Trading Volume: 286,867

Technical Sentiment Signal: Buy

Current Market Cap: C$531.7M

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