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.

The Kiiminki battery metals project comprises two exploration reservations totalling 1,025 km2, located northeast of the city of Oulu in central Finland. Arctic Minerals has now also applied a new exploration permit of 45 km2 in the in the Kiiminki area.

The Kiiminki area hosts a number of cobalt-copper and lead-zinc-silver-gold geochemical anomalies, coincident with geophysical anomalies. One of the geophysical anomalies is adjacent to mafic volcanic rocks which are also anomalous in gold. The area is also highly prospective for lead and zinc: previous GTK (Geological Survey of Finland) fieldwork found lead-zinc containing boulders assaying up to 11.8% lead, 6.5% zinc, 370 grams/ton silver and 4 grams/ton gold. In recent months the Company has conducted further compilation and interpretation of GTK geochemical and geophysical data. This work has now been combined with the results of geological fieldwork from 2020 in order to plan exploration for the coming summer 2021.

The Company's priority target is the Martimo area of Kiiminki. Management believes that Martimo has potential to host large "Sedex" (Sedimentary-Exhalative) type zinc-lead-deposits. Such deposits are responsible for more than 50% of the world's production of lead and zinc, as well as by-product silver, gold and copper. In addition, there are indications that the Martimo area may host potential for copper-zinc "VMS" (Volcanogenic Massive Sulphide) mineralisation.

At Martimo, geochemical data show two distinct clusters of lead-zinc-silver-gold anomalies coincident with geophysical anomalies. Of the 20 geochemical samples with the highest lead content, 15 of these are also highest in zinc and other metals commonly found in major Sedex-type deposits. It is also encouraging that the size of the potentially mineralised zone is significant, being more than 10 km long and about 1 km wide.

Following the promising results of geochemical and geophysical modelling of GTK data, the Company has applied for a new exploration permit of 45 km2 in the Martimo area. This permit, once granted, will allow for more advanced work. For the summer 2021, Arctic Minerals has now signed a contractor to carry out Base-of-Till drilling with a light drill rig in order to carry out deeper sampling. Additionalwork 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.

Comment from CEO, Jonatan Forsberg:

We are now advancing our battery metals project in Kiiminki in Finland. The Base-of-Till drilling will allow us to do deeper sampling. Together with ground geophysics and further geological fieldwork this will help us to identify targets for diamond drilling to be carried out during the winter 2021/2022.

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 13.10 on May 18, 2021.

Kobolt- och telluriumpotential identifierad vid Arctic Minerals guld-koppar-projekt Bidjovagge i Norge

Arctic Minerals AB (publ) har identifierat signifikanta värden i form av batterimetallen kobolt och semimetallen tellurium i det av Bolaget helägda guld-koppar-projektet Bidjovagge i Norge. Det är resultatet av en genomförd studie av analyser från kärnborrningar från perioden 2007 - 2012.


Cobalt and tellurium potential identified at Arctic Minerals' gold-copper project Bidjovagge in Norway

Arctic Minerals AB (publ) is pleased to announce that it has identified significant values of the valuable battery metal cobalt and the semimetal tellurium at its 100%-owned Bidjovagge gold-copper project in Norway. This follows a recent study of drill cores dating from the period 2007 to 2012.


Uppdaterad mineraltillgång för Arctic Minerals guld-koppar-projekt Bidjovagge i Norge

Arctic Minerals AB (publ) har uppdaterat beräkningen av mineraltillgången för Bolagets helägda guld-kopparprojekt Bidjovagge i Norge.

Mineraltillgången i klassen indikerad mineraltillgång har ökat till 3.3 miljoner ton, jämfört med tidigare beräkning om 2,3 miljoner ton år 2012. Halterna i den indikerade mineraltillgången är nu 1,27 gram/ton guld och 0,97 procent koppar.

Totala metallinnehållen i den indikerade mineraltillgången är nu 134 000 uns guld och 32 000 ton koppar. Det motsvarar en ökning av guldinnehållet med 22 procent och en ökning av kopparinnehållet med 28 procent, jämfört med 2012 års beräkning. I tillägg finns en antagen mineraltillgång omfattande 0,3 miljoner ton med halterna 1,8 gram/ton guld och 0,7 procent koppar. Metallinnehållen i den antagna mineraltillgången är 21 000 uns guld och 2 500 ton koppar.


Updated mineral resource estimate for Arctic Mineral's gold-copper project Bidjovagge in Norway

Arctic Minerals AB (publ) is pleased to announce an updated mineral resource estimate for its 100%-owned Bidjovagge gold-copper project in Norway.

The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource is now 1.27 gram per ton gold and 0.97 percent copper.

Total contained metal in the new indicated resource is 134,000 oz gold and 32,200 thousand tons of copper. This represents an increase of 22 percent in contained gold and 28 percent in contained copper compared with the 2012 estimate. In addition, the new inferred resource is 0.3 million tons with grades of 1.8 gram per ton gold and 0.7 percent copper content, equivalent to 21,000 oz gold and 2,500 tons copper.


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.


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