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 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.
Augment acted as financial advisor to Bluelake Mineral in connection with the transaction.