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.

Right to participate

Shareholders who wish to participate in the annual general meeting must both be registered in the share register maintained by Euroclear Sweden AB on 8 June 2022 and also notify the Company of their intention to attend the meeting no later than on 10 June 2022.

Shareholders with nominee-registered shares must temporarily register their shares in their own name with Euroclear Sweden to attend the meeting. Such registration must be completed by 10 June 2022 and should be requested well in advance of this date to the nominee of the shares.

Notification to attend

Notification to attend the annual general meeting shall be submitted in writing to the address Arctic Minerals AB (publ), Köpmangatan 22, SE-831 30 Östersund, Sweden or by email to [email protected] Name, personal identification number or corporate identity number, phone number daytime and number of shares held shall be included in the notification to attend. Where applicable, the number of advisors (maximum two) shall be stated. If a shareholder intends to be represented by proxy, power of attorney and other authorization documents should be included in the notification. The original authorization documents must be able to be presented at the meeting. Proxy forms are available from the company and at the company's website, www.arcticminerals.se and will be sent to shareholders who provide their postal address.

Proposal for agenda

1. Opening of the annual general meeting

2. Election of chairman of the annual general meeting

3. Preparation and approval of the voting list

4. Approval of the agenda

5. Election of one or two persons to verify the minutes

6. Determination as to whether the meeting has been duly convened

7. Presentation of the company's annual report and the auditor's report, as well as of the consolidated financial statements and the auditor's report for the group

8. Resolution on:

a) adoption of the income statement and balance sheet for the company, as well as of the consolidated income statement and consolidated balance sheet for the group

b) disposition of the company's earnings in accordance with the approved balance sheet

c) discharge from liability of the board members and the CEO

9. Determination of remuneration to the board of directors and the auditor

10. Determination of the number of members of the board of directors and auditors

11. Election of members of the board of directors and auditor

12. Appointment of nomination committee

13. Resolution on an issue of shares with payment through set-off

14. Resolution on authorisation for the board of directors to resolve on new issues

15. Closing of the annual general meeting

Proposals

The nomination committee's proposal regarding board of directors, auditors, remuneration and appointment of nomination committee (items 9-12)

The nomination committee, consisting of Claes-Göran Carlsson, Peter Walker, Jan Lindahl and Olli Salo proposes the following in relation to agenda 9-11:

  • that the total remuneration for the board of directors shall be determined to SEK 280,000, of which the chairman shall be entitled to SEK 100,000 (previous year SEK 100,000) and each of the other board members shall be entitled to SEK 60,000 (previous year SEK 60,000) (item 9);
  • that the remuneration to the auditor shall be paid against approved accounts for the review of the financial reports and the administration as well as the review of the group (item 9);
  • that the board of directors shall consist of four members, and that no deputy board members shall be appointed (item 10);
  • that a registered auditing company is elected as auditor (item 10);
  • that, for the period until the end of the next annual general meeting, Peter Walker, Krister Söderholm and Claes Levin are re-elected as board members and Jonatan Forsberg is elected as new board member (item 11);
  • that, for the period until the end of the next annual general meeting, Peter Walker is re-elected as chairman of the board (item 11); and
  • that the accounting firm PricewaterhouseCoopers i Sverige AB is re-elected as auditor for the period up until the end of the next annual general meeting. PricewaterhouseCoopers i Sverige AB has informed that, provided that the proposal is approved by the meeting, the public accountant Martin Johansson will be auditor in charge (item 11).

The nomination committee proposes the following under item 12.

The nomination committee proposes that a nomination committee be set up for the annual general meeting 2023. The nomination committee shall prepare proposals for the annual general meeting 2023 regarding the chairman of the meeting, the number of board members to be elected by the meeting, the election of the members of the board, and the auditor, fees to the bard and the auditor and principles for the appointment of the nomination committee.

The nomination committee shall consist of four members who shall be appointed as follows. Each of the companys two largest shareholders as of 30 September 2022, shall have the right to appoint one representative, of which at most one may be a member of the board of directors who is dependent on the companys major shareholders. If both said shareholders wish to appoint a representative who is a board member and dependent in relation to the companys major shareholders, shareholders with the largest holding shall be given preference. Should one of the two largest shareholders waive their right to appoint a representative to the nomination committee as described above, the right shall be transferred to the shareholder who, after these shareholders, has the largest shareholding in the company. The member appointed by the largest shareholder shall act as the chairman and convener of the nomination committee. When the aforementioned representatives have been appointed, they shall together appoint another two persons to be included in the nomination committee, of which at least one shall represent the smaller shareholders. The said persons shall be appointed taking into account that a majority of the members of the nomination committee shall not be persons who are also members of the companys board of directors.

The composition of the nomination committee shall be made public as soon as it has been appointed and no later than six (6) months before the annual general meeting 2023. If a member represents a certain owner, the name of the owner must be stated. If the relevant ownership conditions have changed at the end of the fourth quarter of 2022, the composition of the nomination committee, if possible and if deemed necessary by the sitting nomination committee, shall be adapted to the new ownership conditions. If the member leaves the nomination committee before its work is completed, if deemed necessary by the sitting nomination committee, replacement shall be appointed by the same shareholder who appointed the departing member or, if this shareholder no longer belongs to the two (2) largest shareholders, by the new shareholder belongs to this group. Any costs incurred in the nomination process shall be borne by the company.

The board of directors' proposal regarding disposition of the earnings (item 8 b)

The board of directors proposes that no dividends shall be paid for the financial year 2021 and that the earnings for this year are carried forward.

Resolution on an issue of shares with payment through set-off (item 13)

The board of directors proposes that the annual general meeting resolves to carry out a new issue of shares with payment through set-off on the following terms and conditions:

  1. The company's share capital shall increase with up to SEK 3,004,095 through a new issue of up to 5,006,825 new shares.
  2. The right to subscribe to the new shares shall, with deviation from the shareholders' pre-emption rights vest in Geevintti (Risto Pietilä), Peter Walker and Nordic Opportunity AB (controlled by Jonatan Forsberg), whereof Geevintti shall have the right to subscribe for 479,959 shares, Peter Walker shall have the right to subscribe for 826,866 shares and Nordic Opportunity AB shall have the right to subscribe for 3,700,000 shares. The reason for not applying to the shareholders' pre-emption rights is the company's wishes to set off debts against new shares.
  3. Subscription for the new shares shall be made through by signing a subscription list no later than three banking days of the date of the resolution to issue new shares.
  4. The payment of SEK 0.6 per share shall be made through set-off in connection with subscription. The subscription price corresponds to a premium of approximately three percent compared to the volume-weighted average price of the companys share on Nasdaq First North Growth Market during the period from 11 May 2022 to 17 May 2022.
  5. The board of directors shall be entitled to extend the subscription period/period of payment
  6. The new shares entitle the holder to a dividend for the first time on the record date for the dividend that occurs immediately after the registration of the new share issue at the Swedish Companies Registration Office.

The CEO or a person appointed by the CEO shall be authorised to make any minor adjustment required to register the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB.

The resolution requires support by shareholders holding not less than nine tenths of both the votes cast and of the shares represented at the annual general meeting.

Resolution on authorisation for the board of directors to resolve on new issue (item 14)

The board of directors proposes that the annual general meeting authorises the board of directors, for the period up to the next annual general meeting, on one or several occasions, to adopt resolutions to issue new shares, warrants and/or convertible debentures. New issues of shares or issues of warrants and/or convertible debentures may take place with or without preferential rights for the company's shareholders and may take place in cash and with or without provisions regarding payment in kind, by set-off or other terms and conditions.

The board of directors or a person appointed by the board of directors shall be authorised to make any minor adjustments required to register the resolution with the Swedish Companies Registration Office. A resolution in accordance with the above requires support by shareholders holding not less than two-thirds of both the votes cast and of the shares represented at the annual general meeting.

Available documents and information to shareholders

Accounting documents, the audit report as well as proposals and other documents in accordance with the Swedish Companies Act will be available at the company and on the company's website, www.arcticminerals.se, at least three weeks prior to the meeting. Copies of the documents will be sent free of charge to the shareholders who request the company to do so and provides their postal address. The documents will also be available at the annual general meeting.

The shareholders are reminded of their right to request information in accordance with Chapter 7, Section 32 of the Swedish Companies Act (Sw. aktiebolagslagen).

Processing of personal data

For information about the processing of your personal data, please refer to the privacy notice available at Euroclear's website: https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammorengelska.pdf.

 

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Stockholm in May 2022

Arctic Minerals AB (publ)

The board of directors

 

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Companys Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

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

For further information

see the Companys 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.

The information was submitted for publication, through the agency of the contact persons set out above, at 21.40 CEST on May 17, 2022.

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.


Arctic Minerals styrelse föreslår riktad kvittningsemission om sammanlagt högst cirka 3,0 MSEK

Styrelsen i Arctic Minerals AB (publ) ("Arctic Minerals" eller "Bolaget") föreslår att årsstämman den 16 juni 2022 beslutar att genomföra en riktad kvittningsemission till tre av Bolagets fordringshavare om högst 5 006 825 aktier, vilket medför att Bolagets skuld minskar med högst 3 004 095 SEK ("Kvittningsemissionen"). Teckningskursen uppgår till 0,6 SEK per aktie och motsvarar en premie om cirka tre procent jämfört med den volymviktade genomsnittskursen för Bolagets aktie under perioden från och med den 11 maj 2022 till och med den 17 maj 2022.


Arctic Minerals board of directors proposes directed set-off issue of up to approximately MSEK 3.0

The board of directors of Artic Minerals AB (publ) ("Arctic Minerals" or the "Company") proposes that the annual general meeting on June 16, 2022, resolves on a directed new share issue with payment through set-off to three of the Companys creditors of up to 5,006,825 shares, which will result in the Companys debts decreasing by up to SEK 3,004,095 (the "Set-Off Issue"). The subscription price amount to SEK 0.6 per share and corresponds to a premium of approximately threeper cent compared to the volume-weighted average price of the Companys share during the period from and including May 11, 2022 up to and including May 17, 2022.


Arctic Minerals publicerar årsredovisning för 2021

Arctic Minerals AB (publ) publicerar årsredovisning för 2021. Årsredovisningen för räkenskapsåret 2021 finns tillgänglig i sin helhet på Bolagets hemsida.


Arctic Minerals Annual Report 2021 is now published

Arctic Minerals AB (publ)'s Annual Report for 2021 is now published (in Swedish). The Annual Report for 2021 is available in full (in Swedish) on the Companys website.


Arctic Minerals har identifierat malmzoner med höga guld- och kopparhalter i guld-kopparprojektet Bidjovagge i Norge

Arctic Minerals AB (publ) har identifierat nya mineraliserade områden med exceptionellt höga halter av guld och koppar i det helägda Bidjovagge guld-kopparprojektet i Norge. De senaste resultaten har framkommit i samband med en genomgång av analyser från historiska kärnborrhål. Efter en nyligen genomförd analys av geofysisk data i området gör Bolaget även tolkningen att malmzonerna i Bidjovagge dessutom är öppna och fortsätter i flera riktningar.


Arctic Minerals identifies high-grade gold and copper zones at Bidjovagge gold-copper project in Norway

Arctic Minerals AB (publ) has identified new areas with exceptionally high grades of gold and copper mineralisation at its 100%-owned Bidjovagge gold-copper project in Norway. The latest results come from the Company's ongoing 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.


Bokslutskommunniké för helåret 2021

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


Year-end report for the full year 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 year-end report for the full year January - December 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.


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