Mahvie Minerals


Company: Mahvie Minerals AB (publ)

Transaction: Rights issue

Issue volume: 10.5 MSEK

Date: March 2023

Mahvie Minerals is a Nordic exploration and mine development company focusing on base, precious, and speciality metals to facilitate sustainable development in Europe. The company’s asset portfolio consists of exploration phase projects in Norway and Finland where modern economical and technical conditions pave the way for new opportunities in mature deposits.

The proceeds from the rights issue will primarily be used for facilitating the development of the Norwegian Mo i Rana project through the initiation of a drilling campaign, but also for analysis work in the Finnish Haveri project as well as working capital.

Augment acted as financial advisor to Mahvie Minerals in connection with the transaction.