The latest update is out from First Nordic Metals ( (TSE:FNM) ).
First Nordic Metals Corp. has successfully closed an oversubscribed private placement of Swedish depository receipts (SDRs) to support its upcoming listing on the Nasdaq First North Growth Market in Sweden. The private placement raised approximately SEK 10 million, which will be used for exploration activities in Sweden and general corporate purposes. This move is part of FNM’s strategy to increase its presence in the Swedish market and attract more investors from Sweden and Finland, thereby strengthening its position in the European gold exploration industry.
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’s flagship asset is the Barsele gold project in northern Sweden, a joint venture with Agnico Eagle Mines Limited. FNM also owns additional projects in Sweden and Finland, including the Paubäcken and Storjuktan projects, and the Oijärvi greenstone belt in Finland.
YTD Price Performance: 32.00%
Average Trading Volume: 344,452
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$117.2M
For an in-depth examination of FNM stock, go to TipRanks’ Stock Analysis page.