Vilhelmina Mineral AB (publ) increases ownership to 75% in Joma Gruver AS

Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or "the Company") increases its ownership in Joma Gruver AS ("Joma Gruver") from 50% to 75% by injecting additional financing of 2.5 MNOK. Further, this capital injection will make grants of the same amount accessible from Norwegian institution Innovasjon Norge AS ("Innovasjon Norge") and the County of Trøndelag. Total financing of 5 MNOK will deployed in progressing projects including development of the regulatory plan which is a key element in the Norwegian permitting process. Further, an updated mineral resources estimate will be made for Joma and Stekenjokk in compliance with international standards (NI 43-101 or JORC) as well as a preliminary economic assessment for these projects.

In 2017, Vilhelmina Mineral founded a joint venture company named Joma Gruver AS together with regional development company Joma Näringspark AS. The objective of this collaboration is to develop the copper and zinc assets in the Joma field located in the municipality of Røyrvik in the county of Trøndelag in Norway. Further, the goal is to identify further mineral resources and to re-start mining operations. In Joma some 11.5 million tons of ore with average grades of 1.5% copper and 1.5% zinc were produced between 1972 and 1998 by previous operator Grong Gruber AS, employing some 130 staff. Remaining measured and indicated resources are estimated to 5.7 million tons containing 1.55% copper and 0.82% zinc (using cut-off grade 0.8% Cu). In parallel, the Swedish project Stekenjokk will be developed were approximately 7 million tons were produced between 1976 and 1988 and in which remaining indicated mineral resources are estimated to 7.4 million tons with grades of 1.17% Cu, 3.01% Zn and 47 g/ton Ag (cut-off 0.9% Cu).

According to the joint venture agreement, Vilhelmina Mineral has the right to gradually increase ownership in Joma Gruver AS up 100% by injecting capital over time. At this stage, Vilhelmina Mineral increases ownership from 50% up to 75% by providing 2.5 MNOK, which simultaneously makes grants of the 2.5 MNOK accessible from Norwegian institution  Innovasjon Norge and the County of Trøndelag.This financing of 5 MNOK in total will be used for project development, entailing among other things a regulatory plan which is an integral part of the Norwegian permitting process and includes a detailed plan for the mine area and several socio economic and environmental impact assessment projects. This financing will also be used for an updated mineral resources estimate for Joma and Stekenjokk projects in compliance with international standards (NI 43-101 or JORC), as well as a preliminary economic assessment.

Note
Vilhelmina Mineral AB (publ) is obliged to publish this information under the EU Market Abuse Regulation and Securities Act.  The information was provided by the responsible person below, for publication on April 6, 2020 at 8 PM.

For additional information please contact:

Peter Hjorth, CEO, Vilhelmina Mineral AB (publ), tel. +46-725 38 25 25
Email: info@vilhelminamineral.com
See also: www.vilhelminamineral.com 

 

Vilhelmina Mineral is a Swedish 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).

Vilhelmina Mineral upphör med egna pressmeddelanden och delårsrapporter efter tillbakadragen ansökan om notering

Som tidigare meddelats har ca 95% av det totala antalet aktier i Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" eller "Bolaget"), sålts till Nickel Mountain Resources AB (publ) ("Nickel Mountain") och styrelsen i Vilhelmina Mineral har på grund av denna transaktionen som tidigare meddelats dragit tillbaka sin noteringsansökan vid NGM Nordic SME. Med detta meddelande vill styrelsen förtydliga att Bolaget upphör med egna pressmeddelanden och egen rapportering av delårsrapporter till marknaden. Rapportering som tidigare aviserats men därmed ej kommer att offentliggöras är delårsrapport för det andra kvartalet 2020 med planerat datum för publicering 7 augusti och delårsrapport för det tredje kvartalet 2020 med planerat datum för publicering 6 november. Bolaget hänvisar fortsättninsgvis istället till finansiell rapportering från Bolagets nya moderbolag Nickel Mountain.


Försäljning av 95 % av aktierna i Vilhelmina Mineral till Nickel Mountain Resources är genomförd och Vilhelmina Mineral har beslutat att dra tillbaka noteringsansökan

Försäljning är genomförd av 26 590 116 aktier, vilket motsvarar 94,7 procent av det totala antalet aktier i Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" eller "Bolaget"), till Nickel Nickel Mountain Resources AB (publ) ("Nickel Mountain"). Styrelsen i Vilhelmina Mineral har på grund av transaktionen beslutat att dra tillbaka sin noteringsansökan vid NGM Nordic SME.


Vilhelmina Mineral announces that 95% of the shares have been acquired by Nickel Mountain Resources and that Vilhelmina Mineral therefore withdraws its application for public listing

A total of 26,590,116 shares, corresponding to 94.7 per cent of the total number of shares in Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or the "Company"), have been acquired by Nickel Mountain Resources AB (publ) ("Nickel Mountain"). The board of Vilhelmina Mineral therefore has decided to withdraw the application for public listing at NGM Nordic SME.


Vilhelmina Mineral AB (publ) offentliggör delårsrapport för första kvartalet 2020

Första kvartalet (januari-mars 2020)

  • Intäkter för första kvartalet uppgick till 0,0 (0,0) mkr
  • Prospekterings- och utvärderingskostnader för första kvartalet uppgick till 4,3 (2,1) mkr
  • Resultatet efter skatt för första kvartalet uppgick till -4,3 (-2,2) mkr
  • Resultatet per aktie för första kvartalet uppgick till -0,19 (-0,13) kr

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)

Vilhelmina Mineral announces outcome of preferential rights issue

Through the rights issue (the "Rights Issue"), Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or the "Company") will receive proceeds amounting to approximately SEK 22 million before deduction of costs related to the Rights Issue. 1,628,430 shares, corresponding to approximately 14.7 percent of the shares in the Rights Issue, were subscribed for by the exercise of subscription rights (including subscription undertakings) and 1,478,793 shares, corresponding to approximately 13.4 percent of the shares in the Rights Issue, were subscribed for without subscription rights. In addition, 7,941,387 shares, corresponding to approximately 71.9 percent of the shares in the Rights Issue were subscribed for by guarantors.


Vilhelmina Mineral offentliggör utfall av genomförd företrädesemission

Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" eller "Bolaget") tillförs cirka 22 miljoner kronor före avdrag för emissionskostnader efter genomförd företrädesemission ("Företrädesemissionen"). 1 628 430 aktier, motsvarande cirka 14,7 procent av aktierna i Företrädesemissionen, tecknades med stöd av teckningsrätter (inklusive teckningsåtaganden) och 1 478 793 aktier motsvarande 13,4 procent av aktierna i Företrädesemissionen tecknades utan stöd av teckningsrätter. Därutöver tecknades 7 941 387 aktier, motsvarande cirka 71,9 procent av aktierna i Företrädesemissionen av garanter.


Bulletin from AGM 2020 in Vilhelmina Mineral AB (publ)

Vilhelmina Mineral AB (publ) ("the Company") has held an annual general meeting (the "AGM") on April 24, at which the current members of the board, Scott Moore, Neil Said, Les Kwasik, Jonas Dahllöf and Peter Hjorth, were re-elected. Further, the board has been authorized to issue up to 33,000,000 new shares or other financial instruments. The board of directors' complete proposals have previously been published and is available at the Company's website, www.vilhelminamineral.com


Kommuniké från årsstämma i Vilhelmina Mineral AB (publ) 2020

Vilhelmina Mineral AB (publ) ("Bolaget"), har vid årsstämma den 24 april 2020 bland annat beslutat om omval av styrelsens ledamöter Scott Moore, Neil Said, Les Kwasik, Jonas Dahllöf och Peter Hjorth. Vidare har styrelsen bemyndigats att emittera upp till högst 33 000 000 nya aktier eller andra finansiella instrument. Styrelsens fullständiga förslag har tidigare publicerats och finns tillgängliga på Bolagets webbplats, www.vilhelminamineral.se.



Vilhelmina Mineral AB (publ) deltar i presentation hos ProHearings den 24 april

Fredag den 24 april deltar det svenska gruvutvecklingsbolaget Vilhelmina Mineral AB (publ) ("Bolaget") hos ProHearings och ger en investerarpresentation samt svarar därefter på frågor i en moderatorledd frågestund.


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