Bluelake Mineral raises SEK 19.8 million in rights issue

6 April 2023

Bluelake Mineral is an exploration and mine development company in the Nordics focusing on base metals, mainly copper, zinc and nickel. The company’s main projects consist of the copper-zinc projects Stekenjokk-Levi and Joma, as well as the nickel-project Rönnbäcken. The company has carried out a rights issue of units to fund further development of the company’s projects.

In total, 1,984,500 units were subscribed for in the rights issue, corresponding to approximately SEK 19.8 million. Each unit consisted of ten new shares in the company and five warrants with strike in April 2024.

The net proceeds from the rights issue will be used to finance the permit processes in Joma and Stekenjokk-Levi, project development in Rönnbäcken, repayment of outstanding loans, as well as overhead and contingency costs.

Read full press release (in Swedish)