Financial Report First Quarter 2020
First Quarter 2020 (January - March)
- Revenue for first quarter amounts to MSEK 0.0 (0.0)
- Exploration and evaluation costs for first quarter amounts to MSEK 4.3 (2.1)
- After-tax profit for first quarter amounts to MSEK-4.3 (-2.2)
- Profit per share for first quarter amounts to SEK -0.19 (-0.13)
Significant events in the reporting period
- Permitting work for Stekenjokk and Joma has continued
- Major owners of Vilhelmina Mineral have signed a sale agreement with Nickel Mountain Resources
- The company is carrying out a rights issue of MSEK 22 and has obtained guarantees and commitments that fully cover this issue
Significant events after the reporting period
- Permitting work for Stekenjokk and Joma has continued
- Financing secured via rights issue of approximately MSEK 22 and directed new issue of approximately MSEK 0.9
This report has not been audited.
Financial reporting calendar
- Financial report for the period April - June will be published on August 7, 2020
- Financial report for the period July - September will be published on November 6, 2020
Given that the majority share of the Company is planned to be acquired by the company Nickel Mountain Resources AB, the above external reports will not be published. This is because the Company will constitute a subsidiary of Nickel Mountain Resources AB and the Company intends to withdraw the application for its own listing of the Company's share in the NGM Nordic SME marketplace.
Publication of information
This information is insider information that Vilhelmina Mineral AB (publ) is required to publish pursuant to the EU Market Abuse Regulation. The information was submitted for publication on May 8, 2020 at 8.40 CET, by the contact person below.
For the full report, see attached document.
Stockholm May 8, 2020
For additional information please contact:
Peter Hjorth, CEO, Vilhelmina Mineral AB (publ), phone +46-725 38 25 25
Email: [email protected]
www.vilhelminamineral.com
Vilhelmina Mineral ("the Company") is a junior resource company with focus on copper and zinc projects in the Nordic countries. In Sweden the company owns the Stekenjokk project in which approximately 7 million tons were produced between 1976 and 1988. According to estimates there are remaining indicated mineral resources of 7.4 million tons with grades of 1.17% Cu, 3.01% Zn and 47 g/ton Ag (cut-off 0.9% Cu). In Norway, Vilhelmina Mineral is co-owner in the Joma field in which some 11.5 million tons were previously produced between 1972 and 1998 with average grades of 1.5% Cu and 1.5% Zn. The Joma field (excluding Gjersvik) is estimated to hold approximately 5.7 million tons with grades of 1.55% Cu and 0.82% Zn (cut-off 0.8% Cu).
Attached files
Vilhelmina_Mineral_Pressrelease_2020-05-08.pdfVilhelmina_Mineral_Interim_report_Q1_2020.pdf
Om Vilhelmina Mineral
Vilhelmina Mineral är ett bolag verksamt inom prospektering och gruvutveckling i Norden inom basmetaller, främst koppar och zink. Bolaget fokuserar i nuläget på det svenska projektet Stekenjokk och Levi samt det norska projektet Jomafältet.
Prenumerera
Få löpande information från Vilhelmina Mineral via e-post.