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First Nordic Metals ( (TSE:FNM) ) just unveiled an update.
First Nordic Metals Corp. has announced a strategic move to acquire Mawson Finland Limited through a plan of arrangement, providing bridge financing of up to $1,000,000 to facilitate the transaction and support Mawson’s operational costs. Additionally, the company will issue C$1.0 million in common shares to Taj Singh as part of his retirement package, subject to TSX Venture Exchange approval, marking a significant leadership change as First Nordic advances its European gold exploration ambitions.
The most recent analyst rating on (TSE:FNM) 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: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. Its flagship asset is the Barsele gold project in northern Sweden, a joint venture with Agnico Eagle Mines Limited. Additionally, First Nordic owns district-scale licenses in Sweden and Finland, covering significant greenstone belts.
Average Trading Volume: 824,565
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$159.3M
See more data about FNM stock on TipRanks’ Stock Analysis page.