Arctic Minerals

14
MSEK

Company: Arctic Minerals AB

Transaction: Directed issue

Issue volume: 13.6 MSEK

Date: October 2024

Arctic Minerals is a Nordic mineral exploration company focused on copper, zinc, gold and battery metals in the Nordics.

The purpose of the directed issue is to provide the company with necessary funding to finance the project advancement of the combined company’s assets after the acquisition of Rare Earth Energy Metals.

The acquisition will add two highly prospective copper projects in Sweden to Arctic Minerals’ project portfolio, complimenting existing gold-copper and copper projects in Norway and Finland and establishing Arctic Minerals as a significant exploration company in the copper space, with four high quality assets at different stages of the development cycle.

Augment acted as financial advisor to Arctic Minerals in connection with the directed issue.