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.

First half year (January - June) 2022

  • New areas with exceptionally high grades of gold and copper mineralisation have been identified at Arctic Minerals' Bidjovagge gold-copper project in Norway (March 17, 2022)
  • Cobalt and Tellurim potential have also been identified at the gold-copper project Bidjovagge in Norway (January 17, 2022)
  • Profit after tax for the period was MSEK -7.3 (-6.3)
  • Earnings per share for the period amounted to SEK -0.05 (-0.05)
  • Cash and bank position amounted to MSEK 14.6( 26.0) at end of period

Significant events during the first half of 2022

  • On January 17, 2022 Arctic Minerals announced that the Company has identified cobalt and tellurium potential on its brownfield gold-copper project Bidjovagge in Norway. See the section Bidjovagge gold-copper project (Norway).
  • On March 17, 2022 Arctic Minerals announced that the Company has identified new areas with exceptionally high grades of gold and copper mineralisation at its brownfield gold-copper project Bidjovagge in Norway. The latest results came from the Company's study of drill core assays dating from earlier drilling. Recent analysis of geophysical data also indicates the continuation of the ore zone in several directions. See the section Bidjovagge gold-copper project (Norway).
  • On June 16, 2022 the Annual General Meeting in Arctic Minerals resolved on a set-off issue to Company creditors through which the Company set off debts amounting to in total MSEK 3.0. See the section Annual General Meeting in Arctic Minerals.
  • On June 23, 2022 Arctic Minerals announced that the Company and Rio Tinto had agreed to increase the size of the area covered by the earn-in agreement on the Peräpohja copper project in northern Finland. The agreement increased 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. See section Copper joint venture project Peräpohja (Finnish Lapland).
  • On June 29, 2022 Arctic Minerals updated on this seasons' exploration field work in Finland and Norway that started in May 2022. See sections for the different mineral projects.

Significant events after the period ending

On August 15, 2022 Arctic Minerals entered into a non-binding letter of intent regarding the acquisition of a 100% interest in the gold project Katterat in Norway. See section Katterat gold project (Norway).

For further information

See the Company's website at www.arcticminerals.se or contact:

Jonatan Forsberg, CEO

+(46) 76 105 1310
[email protected] 

Other

The companys shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation "ARCT".

Certified Advisor

United Bankers Oy in Helsinki, Finland, (www.unitedbankers.fi) is the Companys Certified Adviser on Nasdaq First North Growth Market, Stockholm.

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.

The information was submitted for publication, through the agency of the contact person set out above, at 08.30 on August 26, 2022.

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.


Kommuniké från årsstämma i Arctic Minerals AB (publ)

Arctic Minerals AB (publ) ("Bolaget") höll den 16 juni 2022 årsstämma på Köpmangatan 22 i Östersund


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

Arctic Minerals AB (publ) (the "Company") held its Annual General Meeting on 16 June 2022 at Köpmangatan 22 in Östersund


Kallelse till årsstämma i Arctic Minerals AB (publ)

Aktieägarna i Arctic Minerals AB (publ), org.nr 556569-3602, kallas till årsstämma den 16 juni 2022 kl. 11.00 på Köpmangatan 22 i Östersund.


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

The shareholders of Arctic Minerals AB (publ), reg. no. 556569-3602, are given notice of the annual general meeting to be held at 11:00 CEST on 16 June 2022, at Köpmangatan 22 in Östersund.


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