First Nordic Metals - C$10M Financing To Fund Exploration At Their Paubäcken, Storjuktan, and Klippen Projects
Taj Singh, President and CEO, and Adam Cegielski, Chief Development Officer of First Nordic Metals (TSX.V: FNM) (OTCQB: FNMCF), join me to discuss the C$10 million “bought deal” private placement, and how this sets the Company up for a strong year of exploration at their 100% owned Paubäcken, Storjuktan, and Klippen Projects, in addition to the work going on through their JV at Barsele.
We start off discussing the private placement basis 30,304,000 units of the Company at a price of C$0.33 per Offered Unit for aggregate gross proceeds to the Company of C$10,000,320, highlighting the ability to raise capital in difficult markets. This will set the company up for a robust exploration program in 2025, so we dig into the different project areas of focus on their 100% controlled land, on the 100km mineralized trend along the Gold Line belt in Sweden.
Paubäcken has had the most historic work completed with clear targets delineated for next year at both the Aeda and Harpsen targets. Storjuktan has had a considerable about of base-of-till drilling and geophysics completed where there are solid drill targets set up for 2025 as well; most notably the Nippas target. Additionally, on Oct 7th the Company announced a base-of-till, top-of-bedrock drilling program on the 100%-owned Klippen Project located in the southern extent of the Gold Line Belt, and Taj and Adam walk us through the prospectivity of this newer area of focus.
If you have any questions for Taj or Adam, regarding First Nordic Metals, then please email them to me at Shad@kereport.com.
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