Mahvie Minerals is a Nordic exploration and mine development company with a focus on base metals, precious metals and specialty metals. The company’s main assets are in Norway’s Mo i Rana, a well-known industrial and mining area comprising both smelters and iron ore mining, as well as the Finnish gold project Haveri, located in Tampere’s gold belt.
The proceeds from the private placement will be used to fund further exploration and development studies at the Mo i Rana project.
Augment acted as financial advisor to the company in the private placement.