Interim report for the first half year (January - June) 2020

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 2020.

First half year (January - June) 2020

  • Capitalized exploration costs for the period amounted to MSEK 4.2 (1.5)
  • Profit after tax for the period was MSEK -5.5 (-1.9)
  • Earnings per share for the period amounted to SEK -0.06 (-0.02)
  • Cash and bank position amounted to MSEK 3.9 (3.2) at the end of the period

Significant events during the first half of 2020

  • On January 21, 2020 Arctic Minerals announced that it has signed a joint venture agreement with Rio Tinto Mining & Exploration Ltd regarding the Company's Finnish project Peräpohja. Rio Tinto Mining & Exploration Ltd is a subsidiary of the Rio Tinto Group, which is one of the world's largest mining companies. The agreement was subject to the completion of a satisfactory due diligence by Rio Tinto. See the section on Peräpohja copper Joint Venture project.
  • On February 17, 2020 the Company announced that the Board had appointed Jonatan Forsberg as new CEO of the Group. Jonatan subsequently took up the position from 1 March, 2020. See the section New CEO for Arctic Minerals.
  • On March 18, 2020 Arctic Minerals updated, through a press release, presented an update on the Company's exploration in northern and central Finland. Se the sections regarding Arctic Minerals various projects.
  • On May 15, 2020 Arctic Minerals announced that the Company had received confirmation of satisfactory due diligence from Rio Tinto on the joint venture agreement. See the section on Peräpohja copper Joint Venture project.
  • On June 24, 2020 the Company held its Annual General Meeting. See section Annual General Meeting in Arctic Minerals.

Important events after the period ending June 30, 2020

  • On August 26, 2020 Arctic Minerals, through a press release, presented an update on the ongoing exploration in northern and central Finland. See the section on Arctic Minerals' field work 2020.

Nordic junior mining company

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

In Finland, Arctic Minerals holds 9 registered exploration reservation totalling 2,269 km2 and in addition 3 registered exploration permits totalling 27 km2.

Upcoming reports

As from fiscal year 2013, the Company reports only half and full year. The year-end report for 2020 will be published on Thursday, February 25, 2021.

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

Certified Advisor

United Bankers Oy in Helsinki, Finland, (www.unitedbankers.fi) is the Company's Certified Adviser on Nasdaq First North Growth Market, Stockholm.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) 596/2014, and the Securities Market Act. The information was submitted for publication, through the agency of contact person set out above, at 11.45 on August 27, 2020.

Delårsrapport för första halvåret 2020

Styrelsen i Arctic Minerals AB (publ) ("Arctic Minerals", "Bolaget" eller "Moderbolaget" och med dess dotterbolag "Koncernen") (Styrelsen) avger härmed rapport för perioden januari - juni 2020.


Interim report for the first half year (January - June) 2020

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 2020.


Arctic Minerals uppdaterar om pågående prospektering

Arctic Minerals uppdaterar härmed om pågående prospektering i norra och mellersta Finland. Fältarbetet under 2020 har fokuserat på Bolagets guldprojekt Nutukka i mellersta finska Lappland, på batteri-metaller i Kiiminki-projektet i mellersta Finland och på prospektering efter koppar i Peräpohja skifferbälte i norra Finland. Kopparprospekteringen i Peräpohja genomförs inom ramen för det joint venture-avtal som ingåtts med det världsledande gruvbolaget Rio Tinto.

Inför höst- och vintersäsongen 2020/2021 planerar Arctic Minerals att fortskrida med fältarbeten vid guldprojektet Nutukka samt även att utföra geofysiska markmätningar i Kiiminki-området i syfte att välja optimala platser för kärnborrning efter batterimetaller. I Peräpohjas joint venture-projekt utförs geofysiska mätningar också för att välja optimala borrplatser i tidigare påvisade borrobjekt, liksom att identifiera potentiella nya borrobjekt.


Arctic Minerals Exploration Update

Arctic Minerals is pleased to issue an update on its exploration progress in northern and central Finland. The 2020 exploration field campaign has been focused on the Company's gold project in Nutukka in central Finnish Lapland, battery metals in the Kiiminki project in central Finland as well as the exploring for copper in the PeräpohjaSchist Belt in northern Finland. The exploring for copper in Peräpohja is carried out through the joint venture agreement with the world leading mining group Rio Tinto.

For the fall and winter season 2020/2021, Arctic Minerals in now targeting further field work on the Nutukka gold project and also ground geophysics in Kiiminki in order to optimise locations for drilling for battery metals. In the Peräpohja copper Joint Venture project, further geophysical surveys are being carried out, with the aim of optimising the location of previously identified drill targets as well as identifying potential new targets.


Kommuniké från årsstämma i Arctic Minerals AB (publ)

Arctic Minerals AB (publ) ("Bolaget") avhöll den 24 juni 2020 årsstämma ("Stämman") på Skeppargatan 27 i Stockholm.


Communique from Annual General Meeting in Arctic Minerals AB (publ)

Arctic Minerals AB (publ) (the "Company") held its Annual General Meeting (the "AGM") on June 24, 2020 at Skeppargatan 27 in Stockholm.


Kallelse till årsstämma i Arctic Minerals AB (publ)

Styrelsen för Arctic Minerals AB, org. nr 556569-3602, ("Bolaget") kallar till årsstämma onsdagen den 24 juni 2020, kl. 14.00 Skeppargatan 27 4tr, 114 52 Stockholm.


Notice of Annual General Meeting of Arctic Minerals AB (publ)

The Board of Arctic Minerals AB, org.no. 556569-3602, ("The Company") convenes the Annual General Meeting (AGM) on Wednesday, June 24, 2020 at 14.00, Skeppargatan 27 4tr, 114 52 Stockholm.


Arctic Minerals erhåller bekräftelse om positivt resultat från Rio Tintos due diligence för joint venture-avtalet

Rio Tinto Mining and Exploration Limited, ett dotterbolag inom Rio Tinto-koncernen, har bekräftat till Arctic Minerals att deras due diligence beträffande det ömsesidiga joint venture-avtalet nu är slutförd med ett positivt resultat.


Arctic Minerals receives confirmation of satisfactory due diligence from Rio Tinto on joint venture agreement

Rio Tinto Mining and Exploration Limited, a subsidiary of the Rio Tinto Group, has confirmed to Arctic Minerals the completion of a satisfactory due diligence for the mutual joint venture agreement between the two companies.


Arctic Minerals publicerar årsredovisning för 2019

Arctic Minerals publicerar årsredovisning för 2019 innehållandes en Upplysning av särskild betydelse i revisionsberättelsen avseende Bidjovagge-projektet.


Arctic Minerals' Annual Report 2019 is now published

Arctic Minerals' Annual Report for 2019 is now published (in Swedish). It is done so containing an Emphasis of matters in the Audit Report regarding the Bidjovagge project.


Arctic Minerals årsstämma 2020 senarelagd

Styrelsen i Arctic Minerals AB har beslutat att skjuta upp årsstämman 2020 till ett senare datum.


Arctic Minerals Annual General Meeting 2020 Postponed

The Board of Directors of Arctic Minerals AB has resolved to postpone the Annual General Meeting 2020 until a later date.


Arctic Minerals uppdaterar om pågående prospektering

Arctic Minerals uppdaterar härmed om pågående prospektering i norra och mellersta Finland. Under hösten 2019 och vintern 2020 har bolagets prospektering inriktats mot kärnborrning i zink-koppar-guld-området i Vihanti i mellersta Finland såväl som på prospektering efter koppar i Peräpohja skifferbälte i norra Finland. I Peräpohja sker prospekteringen efter koppar inom ramen för det Joint Venture avtal som ingicks i januari 2020 med den världsledande gruvkoncernen Rio Tinto. Under resterande delen av 2020 kommer Arctic Minerals prospekteringsarbete även att inrikta sig mot sökandet efter batterimetaller i Kiiminki i mellersta Finland samt efter guld i Nutukka i mellersta Lapplands grönstensbälte.


Arctic Minerals Exploration Update

Arctic Minerals is pleased to issue an update on its exploration progress in northern and central Finland. The 2019/2020 autumn and winter campaign has been focused towards drilling in the zinc-copper-gold Vihanti area of central Finland as well as the exploring for copper in the Peräpohja Schist Belt in northern Finland. The exploring for copper in the Peräpohja is carried out through the January 2020 joint venture agreement with the world leading mining group Rio Tinto. For 2020, additional exploration is targeted for the battery metals project in Kiiminki in central Finland and gold at Nutukka in the Central Finnish Lapland Greenstone Belt.




Arctic Minerals utser Jonatan Forsberg till ny VD

Styrelsen i Arctic Minerals AB (publ) har utsett Jonatan Forsberg till ny VD för koncernen. Han ersätter Krister Söderholm, som går i pension, men kvarstår som styrelseledamot. Jonatan tillträder som VD den 1 mars 2020.


Arctic Minerals appoints Jonatan Forsberg as new CEO

The Board of Directors of Arctic Minerals AB (publ) has appointed Jonatan Forsberg as new CEO of the Company. He replaces Krister Söderholm, who will retire as CEO but continue as Director of the Board. Jonatan will take up his position from March 1, 2020.


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