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Mawson Finland Limited ( (TSE:MFL) ) has provided an announcement.
Mawson Finland Limited announced the closing of First Nordic Metals Corp.’s $80 million financing, which is part of a plan for First Nordic to acquire all of Mawson’s outstanding shares, transforming into NordCo Gold. This transaction, expected to close in December 2025, will provide NordCo Gold with the capital to advance key projects, including the Barsele and Rajapalot projects. Mawson has scheduled a special shareholder meeting for December 4, 2025, to vote on the transaction, which requires a two-thirds majority approval. Additionally, First Nordic has agreed to provide Mawson with a $1 million loan to cover transaction costs and general corporate expenses.
More about Mawson Finland Limited
Mawson Finland Limited is an exploration stage mining development company focused on acquiring and exploring precious and base metal properties in Finland, primarily gold and cobalt. The company holds a 100% interest in the Rajapalot Gold-Cobalt Project, part of the larger Rompas-Rajapalot Property, and operates through its subsidiary, Mawson Oy, maintaining strong local community ties.
Average Trading Volume: 44,128
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$71.99M
Find detailed analytics on MFL stock on TipRanks’ Stock Analysis page.