News

Arctic Minerals has carried out diamond drilling at its copper joint venture project in Finland

Arctic Minerals is pleased to issue an update on its exploration progress in northern and central Finland.

Copper joint venture project Peräpohja

Arctic Minerals' partner at the Peräpohja project, the Rio Tinto Group, has carried out further diamond drilling at several locations in the Peräpohja district. Holes were drilled for a total of 2,388 metres for geological and stratigraphic understanding. Further diamond drilling may also be carried out in 2022. Other recent work has included:

· 34 archive holes (2,979 metres) re-logged and resampled (for later assaying)

· 5 geophysical (AMT) profiles have been completed

· Geological mapping by Rio Tinto

· Prospecting for ore boulders by Arctic Minerals

Arctic Minerals currently holds a total of 240 km2 (24,000 ha) of reservations in the Peräpohja district and has in addition applied for 16 exploration permits in a total of 536 km2 (53,600 ha).

The geology of the Peräpohja Schist Belt of southern Finnish Lapland has many similarities to that of the Central African Copper Belt ("CACB"), one of the world's main sources of copper and also a major source of cobalt. Arctic Minerals and Rio Tinto's main exploration target in Peräpohja is a type of mineralisation called "SSC" (Sediment-hosted Stratiform Copper), typical of that found in the CACB. Arctic Minerals has been exploring for copper in Peräpohja since 2017 and has found widespread copper mineralisation in both outcrops and boulders.

Copper-nickel-PGE project Lohi

Arctic Minerals believes that the Lohi area has potential for the discovery of copper-nickel-PGE (platinum group elements) mineralisation similar to Anglo American's Sakatti deposit in Sodankylä. The Company is currently carrying out a detailed review of available geological, geochemical and geophysical data to determine the work to be carried out in 2022. The Lohi reservation covers 371 km2(37,100 ha).

Copper-nickel project Inari

Northeast of Inari centre, in the Nellim area, previous exploration work by GTK (Geological Survey of Finland) discovered a number of copper- and nickel-rich boulders (up to 0.48% copper and 2.03% nickel respectively), coincident with magnetic and gravity anomalies. The geology of the area is similar to that on the Russian side of the border, which has hosted a number of nickel-copper mines. Arctic Minerals is therefore carrying out a review of available data to decide upon the field program for 2022. The Nellim reservations covers 840 km2 (84,000 ha).

To the Southeast of Inari centre, the Company holds the Liljarova 2 reservation, covering 890 km2(89,000 ha). The area has seen widespread gold panning but to date, little significant bedrock mineralisation has been found. The Company has carried out a review of available data and has identified one particular area for fieldwork next year, where gold has been found in bedrock in an area with a conspicuous linear magnetic anomaly.

Gold project Nutukka

In Nutukka, Arctic Minerals has carried out sampling for alluvial gold in 2020 and 2021, in order to identify areas with potential for bedrock gold mineralisation. The Company has now received the exploration permit allowing an excavating program and also Base-of-Till drilling. Arctic Minerals plan to start with an excavation program and then, based on the excavating, set out a Base-of-Till program. The excavation program is planned to be commenced in H1 2022, when the weather conditions so allow.

Battery metal project Kiiminki

Arctic Minerals believes that the Kiiminki area, northeast of Oulu, has potential for the discovery of a Mississippi Valley -type zinc-lead-silver mineralisation. In August 2021 the Finnish mining authority, Tukes, granted an exploration permit for the Martimo area of Kiiminki. Due to appeals, the issuing of the permit will now be dealt with by the Primary Court in Finland. The exploration permit, once issued to Arctic Minerals, will allow more detailed exploration, in particular Base-of-Till drilling.

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Company's Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

The Company's shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation "ARCT".

For further information

see the Company's website at www.arcticminerals.se or contact:

Jonatan Forsberg, CEO

(+46) 76 105 1310

jonatan.forsberg@arcticminerals.se

or

Risto Pietilä, Exploration Manager

(+358) 40 029 3217

risto.pietila@arcticminerals.se

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, nickel, zinc, gold, PGE and battery metals in northern and central Finland. The Group also owns mineral rights in Norway.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 12.10 on November 29, 2021.

2022-05-17

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.

2022-05-17
Regulatory

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.

2022-05-16

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.

2022-03-17
Regulatory

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.

2022-02-25

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.

2022-01-17
Regulatory

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.

2021-12-15
Regulatory

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.

2021-11-29
Regulatory

Arctic Minerals is pleased to issue an update on its exploration progress in northern and central Finland.

2021-10-01
Regulatory

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.

2021-08-27
Regulatory

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.

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