The shareholders of Arctic Minerals AB (publ), reg. no. 556569-3602, are given notice of the annual general meeting to be held at 11:00 CEST on 16 June 2022, at Köpmangatan 22 in Östersund.
The board of directors of Artic Minerals AB (publ) ("Arctic Minerals" or the "Company") proposes that the annual general meeting on June 16, 2022, resolves on a directed new share issue with payment through set-off to three of the Companys creditors of up to 5,006,825 shares, which will result in the Companys debts decreasing by up to SEK 3,004,095 (the "Set-Off Issue"). The subscription price amount to SEK 0.6 per share and corresponds to a premium of approximately threeper cent compared to the volume-weighted average price of the Companys share during the period from and including May 11, 2022 up to and including May 17, 2022.
Arctic Minerals AB (publ)'s Annual Report for 2021 is now published (in Swedish). The Annual Report for 2021 is available in full (in Swedish) on the Companys website.
Arctic Minerals AB (publ) has identified new areas with exceptionally high grades of gold and copper mineralisation at its 100%-owned Bidjovagge gold-copper project in Norway. The latest results come from the Company's ongoing study of drill core assays dating from earlier drilling. Recent analysis of geophysical data also indicates the continuation of the ore zone in several directions.
The Board of Directors of Arctic Minerals AB (publ) ("Arctic Minerals", the "Company" or the "Parent company" and together with its subsidiaries the "Group") (the "Board") hereby submits year-end report for the full year January - December 2021.
Arctic Minerals AB (publ) is pleased to announce that it has identified significant values of the valuable battery metal cobalt and the semimetal tellurium at its 100%-owned Bidjovagge gold-copper project in Norway. This follows a recent study of drill cores dating from the period 2007 to 2012.
Arctic Minerals AB (publ) is pleased to announce an updated mineral resource estimate for its 100%-owned Bidjovagge gold-copper project in Norway.
The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource is now 1.27 gram per ton gold and 0.97 percent copper.
Total contained metal in the new indicated resource is 134,000 oz gold and 32,200 thousand tons of copper. This represents an increase of 22 percent in contained gold and 28 percent in contained copper compared with the 2012 estimate. In addition, the new inferred resource is 0.3 million tons with grades of 1.8 gram per ton gold and 0.7 percent copper content, equivalent to 21,000 oz gold and 2,500 tons copper.
Arctic Minerals is pleased to issue an update on its exploration progress in northern and central Finland.
Arctic Minerals has been granted prolongation of extraction permits for the Company's gold-copper project Bidjovagge in Norway. The Company has also,previously this year, been granted six new exploration permits in the area. Arctic Mineral's recent review of geophysical data, together with data from old drill holes, strongly indicates that the ore-bearing zone continues to the north of the old mine area. The ore zone also appears open at depth. External consultants have been engaged to update the project's mineral resource. Arctic Minerals has also initiated a process to seek a partner to further develop the Bidjovagge project.
The Board of Directors of Arctic Minerals AB (publ) ("Arctic Minerals", the "Company" or the "Parent company" and together with its subsidiaries the "Group") (the "Board") hereby submits an interim report for the period January - June 2021.