Bluelake Mineral


Company: Bluelake Mineral AB (publ)

Transaction: Rights issue

Issue volume: 19.8 MSEK

Date: 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 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.