Arctic Minerals has carried out diamond drilling in the Peräpohja copper Joint Venture project with Rio Tinto

Arctic Minerals has carried out deep diamond drilling at its Peräpohja copper Joint Venture project in Finland. The drilling program has been carried out at three different targets and resulted in valuable information for the prioritization of target areas and for a target scale 3D geological model. Further plans for 2021 include drilling with a light drill rig in order to carry out deeper sampling of Base-of-Till, additional logging and sampling of archive core and also additional geological fieldwork. Further deep diamond drilling may also be carried out. The Company has applied for in total 13 new exploration permits totalling 487 km2 in the Peräpohja copper project.

Following the results of last year's prospecting program, in which further copper-rich boulders were discovered, and a deep-penetrating Natural Source Audio-magnetotelluric (NSAMT) survey, Arctic Minerals is pleased to issue an update on progress at its Peräpohja copper project in Finland. The Peräpohja copper project is the subject of an earn-in agreement with the Rio Tinto Group.

Diamond drilling has so far been carried out at three targets in Peräpohja, consisting of 5 drill holes for a total of 1,195 metres. The purpose of the drilling was to increase the understanding of the geology and structure of the area as well as to identify potential new target areas for copper mineralisation. The drilling program resulted in valuable information for the prioritization of target areas and for a target scale 3D geological model. The new drill data are now being integrated with existing geological, geochemical and geophysical data in order to prioritise targets for further work this year.

Plans for 2021 include drilling with a light drill rig in order to carry out deeper sampling of Base-of-Till and additional logging and sampling of archive core. Geological fieldwork including mapping and surface sampling, which has proved to be an effective means of finding copper-rich boulders and identifying possible source areas, will continue.

Further deep diamond drilling may also be carried out. Following the overall positive results from the exploration in Peräpohja, the Company has applied for in total 13 new exploration permits totalling 487 km2 in the Peräpohja copper project.

Comment from CEO, Jonatan Forsberg:

We are very pleased with these latest results from the diamond drilling, which demonstrate the progress which we and our partner, Rio Tinto, are making at the Peräpohja copper project.

The exploration work at the Peräpohja copper project is now being accelerated in 2021. The diamond drilling, that has been carried out, adds valuable information to the overall exploration work aiming at identifying a mineral discovery in Peräpohja.

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.

On 21 January, 2020 the Company announced that it had entered into an earn-in and joint venture agreement with the Rio Tinto Group, covering further exploration of certain areas of the Peräpohja belt. On May 15, 2020 Arctic Minerals further announced that the Company had received confirmation of satisfactory due diligence from Rio Tinto on the joint venture agreement. For further information on the agreement with Rio Tinto, please see press release as from January 21, 2020 as well as from May 15, 2020.

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]

or

Risto Pietilä, Exploration Manager

(+358) 40 029 3217

[email protected]

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, zinc, 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 13.15 on April 13, 2021.

Arctic Minerals har genomfört kärnborrning i Joint Venture-kopparprojektet i Finland

Arctic Minerals uppdaterar om pågående prospektering i norra och mellersta Finland


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.


Arctic Minerals har beviljats förlängda utvinningsrätter för Bolagets guld-kopparprojekt Bidjovagge i Norge

Arctic Minerals har beviljats förlängda utvinningsrätter (i Sverige "bearbetningskoncession") för Bolagets guld-kopparprojekt Bidjovagge i Norge. Bolaget har även tidigare i år beviljats sex nya undersökningstillstånd i området. Arctic Minerals genomgång av geofysiska data, tillsammans med data från gamla borrkärnor, indikerar att den malmbärande zonen i Bidjovagge fortsätter norr om det gamla gruvområdet. Malmzonen verkar också vara öppen mot djupet. Externa konsulter har anlitats för att uppdatera projektets mineraltillgång. Arctic Minerals har också inlett processen att söka en partner för att vidareutveckla Bidjovaggeprojektet.


Arctic Minerals has been granted prolongation of extraction permits for the Company's gold-copper project Bidjovagge in Norway

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.


Delårsrapport för första halvåret 2021

Styrelsen i Arctic Minerals AB (publ) ("Arctic Minerals", "Bolaget" eller "Moderbolaget" och med dess dotterbolag "Koncernen") (Styrelsen) avger härmed rapport för perioden januari - juni 2021.


Interim report for the first half year (January - June) 2021

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.


Arctic Minerals har ansökt om förlängda utvinningsrätter för Bolagets guld-kopparprojekt Bidjovagge i Norge

Arctic Minerals har ansökt om förlängda utvinningsrätter (i Sverige "bearbetningskoncession") för Bolagets guld-kopparprojekt Bidjovagge i Norge. Bolaget har även beviljats sex nya undersökningstillstånd i området. Arctic Minerals genomgång av geofysiska data, tillsammans med data från gamla borrkärnor, indikerar att den malmbärande zonen i Bidjovagge fortsätter norr om det gamla gruvområdet. Malmzonen verkar också vara öppen mot djupet. Planer för vidare prospektering inkluderar ny geofysisk (elektromagnetisk) undersökning 2022. Till hösten 2021 har externa konsulter anlitats för att uppdatera projektets mineraltillgång. Arctic Minerals har också inlett processen att söka en partner för att vidareutveckla Bidjovaggeprojektet.


Arctic Minerals has applied for prolongation of extraction permits for the Company's gold-copper project Bidjovagge in Norway

Arctic Minerals has applied for prolongation of extraction permits for the Company's gold-copper project Bidjovagge in Norway. The Company has also 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. Plans for further exploration include a new geophysical (electromagnetic) survey in 2022. For 2021, 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.


Kommuniké från årsstämma i Arctic Minerals AB (publ)

Arctic Minerals AB (publ) ("Bolaget") höll den 29 juni 2021 årsstämma på Skeppargatan 27 i Stockholm.


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

Arctic Minerals AB (publ) (the "Company") held its Annual General Meeting on 29 June 2021 at Skeppargatan 27 in Stockholm.


Arctic Minerals publicerar årsredovisning för 2020

Arctic Minerals AB (publ) publicerar årsredovisning för 2020. Årsredovisningen för räkenskapsåret 2020 finns tillgänglig i sin helhet på Bolagets hemsida.


Arctic Minerals' Annual Report 2020 is now published

Arctic Minerals AB (publ)'s Annual Report for 2020 is now published (in Swedish). The Annual Report for 2020 is available in full (in Swedish) on the Company's website.


Kallelse till årsstämma i Arctic Minerals AB (publ)

Aktieägarna i Arctic Minerals AB (publ), org.nr 556569-3602, (Bolaget) kallas till årsstämma den 29 juni 2021 kl. 11.00 på Skeppargatan 27, 4tr i Stockholm.


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

The shareholders of Arctic Minerals AB (publ), reg. no. 556569-3602, ("the Company") are given notice of the annual general meeting to be held at 11:00 CEST on 29 June 2021, at Skeppargatan 27, 4tr in Stockholm.


Arctic Minerals har avtalat om prospekteringsborrning vid batterimetallprojektet Kiiminki i Finland

Arctic Minerals har ansökt om ett nytt malmletningstillstånd på 45 km2 i Kiiminki i Finland. Tillståndet möjliggör, när det beviljats, mer avancerad prospektering i området. För sommaren 2021 har Arctic Minerals nu tecknat avtal med en entreprenör om att genomföra prospekteringsborrning med lätt borrigg för djupmoränprovtagning (Base-of-Till) i Kiiminki. Under sommaren 2021 kommer Bolaget även att genomföra geofysiska undersökningar samt ytterligare geologiskt fältarbete i Kiiminki. Målet med pågående arbete är att identifiera målområden där diamantborrning kan utföras under vintern 2021/2022.


Arctic Minerals has signed a contractor for Base-of-Till drilling at the battery metals project Kiiminki in Finland

Arctic Minerals has applied for a new exploration permit of 45 km2 in Kiiminki in Finland. The permit, once granted, will allow for more advanced exploration work. For the summer 2021, Arctic Minerals has signed a contractor to carry out Base-of-Till drilling in Kiiminki with a light drill rig in order to carry out deeper sampling. Additional work for the summer 2021 includes ground geophysics as well as further geological fieldwork. The Company's aim is thus to identify targets for diamond drilling to be carried out during the winter 2021/2022.


Arctic Minerals har genomfört kärnborrning i Joint Venture-kopparprojektet med Rio Tinto

Arctic Minerals har genomfört kärnborrning vid Peräpohjas Joint Venture-kopparprojekt i Finland. Kärnborrning har genomförts i tre målområden och resulterat i värdefull information för att prioritera målområden och utveckla en geologisk modell i mer detaljerad skala. I planerna för 2021 ingår nu borrning med en lätt borrigg för att provta de djupaste delarna av moränen (Base-of-Till), vidare undersökning och provtagning av borrkärnor samt ytterligare geologiskt fältarbete. Ytterligare kärnborrning kan också komma att utföras. Bolaget har för projektet ansökt om totalt 13 nya malmletningstillstånd täckande 487 km2.


Arctic Minerals has carried out diamond drilling in the Peräpohja copper Joint Venture project with Rio Tinto

Arctic Minerals has carried out deep diamond drilling at its Peräpohja copper Joint Venture project in Finland. The drilling program has been carried out at three different targets and resulted in valuable information for the prioritization of target areas and for a target scale 3D geological model. Further plans for 2021 include drilling with a light drill rig in order to carry out deeper sampling of Base-of-Till, additional logging and sampling of archive core and also additional geological fieldwork. Further deep diamond drilling may also be carried out. The Company has applied for in total 13 new exploration permits totalling 487 km2 in the Peräpohja copper project.


Positiva resultat från guldprojektet Nutukka i Finland och fortsatt prospektering med lätt borrigg

Nya resultat från provtagningen bekräftar ett kluster av guldbärande jordprov, troligen av lokalt ursprung. Baserat på de positiva resultaten från prospekteringen2020 har Arctic Minerals ansökt om malmletningstillstånd i Nutukka, där klusterområdet ingår. Bolaget planerar nu att genomföra undersökningsborrning med lätt borrigg under sommarfältsäsongen 2021, med målet att provta de djupaste delarna av bottenmoränen och av bergytan. Även magnetiska mätningar med hjälp av drönare planeras. Fortsatt prospektering kan också komma att omfatta undersökningsdikning med grävare liksom än mer moränprovtagning.


Positive sampling results from the Nutukka gold project in Finland and further exploration with a light drill rig

New sampling results confirm cluster of gold-bearing soil samples likely to be of local origin. Following the overall positive results from the exploration in 2020, the Company has applied for an exploration permit at Nutukka, including the cluster areas. The Company now plans for drilling with a light drill rig during the 2021 summer field season in order to carry out deeper sampling of base of till and top of bedrock. Also planned is a magnetic survey to be carried out by drone. Further exploration work may also include trenching with use of an excavator, as well as further soil sampling.


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