Arctic Minerals acquires the gold project Katterat in Norway and carries out a directed issue of shares in connection with the acquisition

Arctic Minerals AB (publ) ("Arctic Minerals" or the "Company") has as of today, on 29 September 2022, entered into a share purchase agreement with Branten Utvikling AS (controlled by David Ettner and Ragnar Hagen) regarding acquisition of all shares in Arctic Exploration AS, owner of the gold project Katterat in Norway, in accordance with the letter of intent communicated through a press release on 15 August 2022. The closing takes place as of today. The consideration for 100 percent of the shares in Arctic Exploration AS amounts to mNOK 1.95 and is partly paid in the form of a cash payment of mNOK 0.05, partly in the form of a seller promissory note of mNOK 1.90 which is offset against 3,302,520 newly issued shares in Arctic Minerals. The board of directors of Arctic Minerals has therefore, based on the authorisation from the annual general meeting on 16 June 2022, resolved on a directed set-off issue of 3,302,520 new shares in the Company as a partial payment of the agreed consideration in the acquisition of the Katterat project.

The Katterat project consists of 12 exploration permits totaling 116 km2 located in Narvik municipality in Norway. At Katterat,gold has been found in outcropping bedrock in multiple locations.  Rock chip samples have returned assays from 0.9 to 18 grams per ton gold.  Visible gold grains have also been panned from soil samples.  The gold mineralisation is located along a geological structure known as a shear zone, a favorable setting for gold mineralisation.  The shear zone has been traced for several kilometres using a combination of geological fieldwork and geophysical data.  Arctic Minerals' management believe that the geology and mineralisation in the Katterat area may be comparable to the "Gold Line" in northern Sweden, which hosts several large gold deposits such as Barsele (2.1 million ounces contained gold) and Fäboliden (1 million ounces), as well as the currently producing Björkdal mine and past-producing Svartliden mine.

Fieldwork has been carried out during the third quarter and includes further geological sampling and mapping, as well as a geophysical survey.

The Katterat gold project has been located and developed by Mr. Ragnar Hagen and Dr. David Charles Ettner. Mr Hagen and Dr. Ettner have extensive background from mineral exploration and production in Norway as well as international. They will both be at Arctic Minerals' disposal going forward focusing on the further development of the Katterat gold project.

Comment from CEO, Jonatan Forsberg

We are delighted to finalize the acquisition of the Katterat gold project. We believe that the Katterat area has the potential to host a significant gold deposit. The widespread occurrence of gold in bedrock is very encouraging and we look forward to starting fieldwork this summer. We also look forward to have Mr. Hagen and Dr. Ettner at our disposal going forward to further develop the Katterat gold project.

The reason for the new share issue and for not applying the shareholders' pre-emption rights is that the Company has as of today, through entering into a share purchase agreement, acquired the gold project Katterat in Norway. In connection with the acquisition, the Company has undertaken to pay most of the consideration in the form of newly issued shares in Arctic Minerals.

The subscription price has been determined to SEK 0.60 per share in accordance with the share purchase agreement, which corresponds to the quota value of the shares in Arctic Minerals. The quota value of SEK 0.60 equals a premium of approximately 16 percent compared to the closing price on the trading day preceding signing of the share purchase agreement.

The new issue of 3,302,520 shares is directed to the seller Branten Utvikling AS. The payment for the shares is made through set-off of the seller's claim of mNOK 1.90.

Branten Utvikling AS has agreed not to dispose the newly issued shares for a period of 180 days.

The new share issue entails that the total number of shares and votes in the Company will increase by 3,302,520 shares and votes, from 148,918,677 shares and votes to 152,221,197 shares and votes. The share capital will increase by SEK 1,981,512, from SEK 89,351,206.20 to SEK 91,332,718.20. The new issue of shares corresponds to a dilution of approximately 2 percent, based on the number of shares and votes in the Company after the new issue of shares.

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

[email protected]

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, gold 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 09.40 CEST on September 29, 2022.

Positiva resultat från geofysiska markmätningar vid Bidjovagge guld-koppar-projektet i Norge

Arctic Minerals AB (publ) har erhållit positiva resultat från de geofysiska markmätningar som utfördes under fältsäsongen 2022 i det av Bolaget helägda Bidjovagge guld-koppar-projektet i Norge. Resultaten från den senaste markmätningen bekräftar den tidigare tolkningen, baserad på tidigare kärnborrning och geofysik, där malmzonen fortsätter både väster och norr om det tidigare gruvområdet.


Arctic Minerals receives positive results from geophysical survey at Bidjovagge gold-copper project in Norway

Arctic Minerals AB (publ) is pleased to announce that it has received positive results from the geophysical survey carried out during the 2022 field season at its 100%-owned Bidjovagge gold-copper project in Norway. The results of the latest survey confirm the interpretation of previous drilling and geophysics that the ore zone continues both to the west and north of the original mining area.


Arctic Minerals förvärvar 100% av kopparprojektet Peräpohja i Finland genom ett royaltyavtal med Rio Tinto, vilket ersätter tidigare joint venture-avtal

Arctic Minerals AB (publ) ("Arctic Minerals") förvärvar 100% av kopparprojektet Peräpohja i Finland ("Projektet") genom ett royaltyavtal ("Royaltyavtalet") med Rio Tinto-gruppen ("Rio Tinto"). Projektet består utav 24 malmletningstillstånd och ansökningar om totalt 1 120 km2 (112 000 hektar). Projektet har fram tills nu ägts gemensamt av Arctic Minerals och Rio Tinto i ett joint venture. Royaltyavtalet ersätter nu tidigare joint venture avtal som därigenom avslutas. Genom Royaltyavtalet får Rio Tinto rätt till en royalty om en procent av intäkterna från eventuell produktion från Projektet. Ingen kontant ersättning utgår för förvärvet av Projektet.


Arctic Minerals acquires 100% of the Peräpohja copper project in Finland in a royalty deal with Rio Tinto, superseding previous joint venture agreement

Arctic Minerals AB (publ) ("Arctic Minerals") has acquired 100% of the Peräpohja copper project in Finland (the "Project") through a Royalty Agreement (the "Royalty Agreement") with the Rio Tinto group ("Rio Tinto"). The Project consists of 24 permit and permit applications totalling 1,120 km2 (112,000 hectares). The project has till now been owned jointly by Arctic Minerals and Rio Tinto in a joint venture. The Royalty Agreement supersedes the previous joint venture agreement which is thereby terminated. In the Royalty Agreement, Rio Tinto will be entitled to a net smelter return of 1% of the revenue from any eventual production from the Project. No up-front cash will be paid for the Project.


Kommuniké från extra bolagsstämma i Arctic Minerals AB (publ)

Arctic Minerals AB (publ) ("Bolaget") höll idag, den 17 november 2022, extra bolagsstämma på Advokatfirman Schjødt, Hamngatan 27, Stockholm.


Report from Extraordinary General Meeting in Arctic Minerals AB (publ)

Arctic Minerals AB (publ) (the "Company") held an Extraordinary General Meeting today, on 17 November 2022, at Advokatfirman Schjødt, Hamngatan 27, Stockholm.


Kallelse till extra bolagsstämma i Arctic Minerals AB (publ)

Aktieägarna i Arctic Minerals AB (publ), org.nr 556569-3602, kallas till extra bolagsstämma den 17 november 2022 kl. 11.00 på Advokatfirman Schjødt, Hamngatan 27, Stockholm. Inregistrering till stämman börjar klockan 10.30.


Notice of extraordinary general meeting in Arctic Minerals AB (publ)

The shareholders of Arctic Minerals AB (publ), reg. no. 556569-3602, are given notice of the extraordinary general meeting to be held at 11:00 CET on 17 November 2022, at Advokatfirman Schjødt, Hamngatan 27, Stockholm. Registration for the meeting starts at 10:30 CET.


Arctic Minerals vd kommenterar förvärvet av Katterat guldprojekt i Norge

Vd Jonatan Forsberg kommenterar förvärvet av Katterat guldprojekt i Norge i inderesTV.


Arctic Minerals' CEO comments on the acquisition of the gold project Katterat in Norway

CEO Jonatan Forsberg comments on the acquisition of the gold project Katterat in Norway on inderesTV.


Arctic Minerals förvärvar guldprojektet Katterat i Norge och genomför riktad nyemission av aktier i samband med förvärvet

Arctic Minerals AB (publ) ("Arctic Minerals" eller "Bolaget") har idag, den 29 september 2022, ingått ett aktieöverlåtelseavtal med Branten Utvikling AS (som kontrolleras av David Ettner och Ragnar Hagen) avseende förvärv av samtliga aktier i Arctic Exploration AS som innehar guldprojektet Katterat i Norge, i enlighet med avsiktsförklaringen som kommunicerades genom pressmeddelande den 15 augusti 2022. Tillträdet sker per idag. Köpeskillingen för 100 procent av aktierna i Arctic Exploration AS uppgår till 1,95 mNOK och erläggs dels i form av kontant betalning om 0,05 mNOK, dels i form av en säljarrevers om 1,90 mNOK som kvittas mot 3 302 520 nyemitterade aktier i Arctic Minerals. Styrelsen i Arctic Minerals har därför, med stöd av bemyndigandet från årsstämman den 16 juni 2022, beslutat om en riktad kvittningsemission om 3 302 520 aktier i Bolaget som delbetalning av den avtalade köpeskillingen i förvärvet av Katteratprojektet.


Arctic Minerals acquires the gold project Katterat in Norway and carries out a directed issue of shares in connection with the acquisition

Arctic Minerals AB (publ) ("Arctic Minerals" or the "Company") has as of today, on 29 September 2022, entered into a share purchase agreement with Branten Utvikling AS (controlled by David Ettner and Ragnar Hagen) regarding acquisition of all shares in Arctic Exploration AS, owner of the gold project Katterat in Norway, in accordance with the letter of intent communicated through a press release on 15 August 2022. The closing takes place as of today. The consideration for 100 percent of the shares in Arctic Exploration AS amounts to mNOK 1.95 and is partly paid in the form of a cash payment of mNOK 0.05, partly in the form of a seller promissory note of mNOK 1.90 which is offset against 3,302,520 newly issued shares in Arctic Minerals. The board of directors of Arctic Minerals has therefore, based on the authorisation from the annual general meeting on 16 June 2022, resolved on a directed set-off issue of 3,302,520 new shares in the Company as a partial payment of the agreed consideration in the acquisition of the Katterat project.


Delårsrapport för första halvåret 2022

Styrelsen i Arctic Minerals AB (publ) ("Arctic Minerals", "Bolaget" eller "Moderbolaget" och med dess dotterbolag "Koncernen") (Styrelsen) avger härmed rapport för perioden januari - juni 2022.


Interim report for the first half year (January - June) 2022

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 2022.


Arctic Minerals ingår avsiktsförklaring om att förvärva guldprojekt i Norge

Arctic Minerals AB (publ) ("Arctic Minerals") har idag ingått en icke bindande avsiktsförklaring om att förvärva 100 % av guldprojektet Katterat i Norge från ett bolag som kontrolleras av David Ettner och Ragnar Hagen ("Säljarna"). Katteratprojektet omfattar 12 undersökningstillstånd om totalt 116 km2 i Narviks kommun i Norge. I Katterat-området har guld lokaliserats i fast berg på flera ställen. Den överenskomna köpeskillingen uppgår till 1,95 mNOK.


Arctic Minerals announces letter of intent regarding the acquisition of a Norwegian gold project

Arctic Minerals AB (publ) ("Arctic Minerals") has as of today entered into a non-binding letter of intent regarding the acquisition of a 100% interest in the gold project Katterat in Norway from a company controlled by David Ettner and Ragnar Hagen (the "Sellers"). The Katterat property consists of 12 exploration permits totalling 116 km2 located inNarvik municipality in Norway, where gold has been found in bedrock in multiple locations, and the agreed consideration will be in total mNOK 1.95.


Arctic Minerals uppdaterar om pågående prospektering i Finland och Norge

Arctic Minerals AB (publ) uppdaterar om säsongens prospekteringsfältarbete i Finland och Norge, som inleddes i maj 2022. I norra Finland innehar Bolaget kopparprojektet Peräpohja (joint venture med Rio Tinto), guldprojektet Nutukka samt koppar-nickelprojekten Inari och Lohi. I mellersta Finland innehar Bolaget batterimetalprojektet Kiiminki.


Arctic Minerals updates on its exploration progress in Finland and Norway

Arctic Minerals AB (publ) updates on this seasons' exploration field work in Finland and Norway that started in May 2022.  In northern Finland, the Company's exploration projects comprise the copper project Peräpohja (a joint venture with the Rio Tinto Group), the gold project Nutukka and the copper-nickel projects Inari and Lohi.  In central Finland, the Company has the battery metal project Kiiminki.


Arctic Minerals och Rio Tinto utvidgar joint venture-samarbetet för kopparprojektet i Peräpohja i Finland

Arctic Minerals AB (publ) och Rio Tinto har kommit överens om att utöka storleken på det område som omfattas av joint venture-samarbetet för kopparprojektet Peräpohja i norra Finland. Avtalet ökar storleken på det tillståndsområde som täcks av joint-venture samarbetet med 57 000 hektar till nu totalt 112 000 hektar.


Arctic Minerals and Rio Tinto expands the joint venture for the copper project Peräpohja in Finland

Arctic Minerals AB (publ) and Rio Tinto have agreed to increase the size of the area covered by the earn-in agreement on the Peräpohja copper project in northern Finland.  The agreement increases the size of the permit area covered by the earn-in by 57,000 ha bringing the total permit area covered by the Peräpohja project to 112,000 ha.


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