Report from the extraordinary general meeting of Arctic Minerals AB (publ)

An extraordinary general meeting of Arctic Minerals AB (publ) (the "Company") was held today on 4 January 2021 in Östersund.

The extraordinary general meeting resolved to approve the board of directors' resolution on a directed new share issue with payment in cash of 40,965,652 shares, which will raise proceeds to the Company of SEK 30 724 239 million before issue costs (the "Directed New Share Issue").

Through the Directed New Share Issue, the number of shares and votes in the Company will increase by 40,965,652, from 91,247,865 to 132,213,515. The share capital will increase by SEK 24 579 391,2, from SEK 54,748,717.8 to SEK 79,328,109.

Furthermore, the extraordinary general meeting resolved to approve the board of directors' resolution on a directed new share issue with payment through set-off to three of the Company's creditors of 11,713,337 shares, which will result in the Company's debts decreasing by SEK 8,785,002.75 million (the "Set-Off Issue").

The Set-Off Issue will result in 11,713,337 additional shares and votes in the Company, entailing a total number of shares and votes of 143,926,852 (after the registration of both the Directed New Share Issue and the Set-Off Issue). The share capital will increase by additional SEK 7,028,002.2, entailing a total share capital of SEK 86,356,111.2 (after the registration of both the Directed New Share Issue and the Set-Off Issue).

The subscription price for the shares in the Directed New Share Issue and the Set-Off Issue amounts to SEK 0.75 per share. Since the subscription price is determined through an accelerated bookbuilding process, it is deemed to correspond to the market value of the 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

jonatan.forsberg@arcticminerals.se

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.

At present, Arctic Minerals has exploration permits in the Raahe-Ladoga ore belt of central Finland, and has applied for an exploration permit in the Peräpohja schist belt in northern Finland. In addition, the Group has exploration reservations in the Peräpohja schist belt, in the Kiiminki schist belt northeast of Oulu, Paasivaara northeast of Kemi and in Central Lapland. Arctic Minerals also owns mineral rights to the closed Bidjovagge gold- copper mine in Finnmark in northern Norway.

The information was submitted for publication, through the agency of the contact person set out below, at 16.30 CET on January 4, 2021.

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.




Bokslutskommuniké får helåret 2020

Styrelsen i Arctic Minerals AB (publ) ("Arctic Minerals", "Bolaget" eller "Moderbolaget" och med dess dotterbolag "Koncernen") ("Styrelsen") avger härmed bokslutskommuniké för helåret januari - december 2020.


Year-end report for the full year 2020

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 the year-end report for the full year January - December 2020.


Kommuniké från extra bolagsstämma i Arctic Minerals AB (publ)

Extra bolagsstämma i Arctic Minerals AB (publ) ("Bolaget") hölls idag den 4 januari 2021 i Östersund.


Report from the extraordinary general meeting of Arctic Minerals AB (publ)

An extraordinary general meeting of Arctic Minerals AB (publ) (the "Company") was held today on 4 January 2021 in Östersund.


Kallelse till extra bolagsstämma i Arctic Minerals AB (publ)

Aktieägarna i Arctic Minerals AB (publ), org. nr 556569-3602, ("Bolaget") kallas härmed till extra bolagsstämma den 4 januari 2021 kl. 14.30 i Bolagets lokaler på Köpmangatan 22 i Östersund.


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

The shareholders of Arctic Minerals AB (publ), reg. no. 556569-3602, (the "Company"), are hereby convened to the extra general meeting to be held on 4 January 2021, at 14.30 CET at the Company's premises at Köpmangatan 22 in Östersund.


Arctic Minerals styrelse har beslutat att genomföra riktade nyemissioner om sammanlagt högst cirka 39,5 MSEK

Styrelsen i Arctic Minerals AB (publ) ("Arctic Minerals" eller "Bolaget") har beslutat, under förutsättning av extra bolagsstämmas godkännande, att genomföra en riktad kontantemission av högst 40 965 652 aktier, vilket tillför Bolaget högst 30 724 239 SEK före avdrag för emissionskostnader (den "Riktade Nyemissionen"). Styrelsen har även beslutat, under förutsättning av extra bolagsstämmas godkännande, om en riktad kvittningsemission till tre av Bolagets fordringshavare om högst 11 713 337 aktier, vilket medför att Bolagets skuld minskar med högst 8 785 002,75 SEK ("Kvittningsemissionen"). Teckningskursen i båda emissionerna uppgår till 0,75 SEK per aktie och har fastställts genom en accelererad bookbuilding-process inom ramen för den Riktade Nyemissionen.


Arctic Minerals' board of directors has resolved on directed share issues of up to approximately MSEK 39.5 million

The board of directors of Artic Minerals AB (publ) ("Arctic Minerals" or the "Company") has resolved, conditional upon approval at a subsequent extraordinary general meeting, on a directed new share issue with payment in cash of up to 40,965,652 shares, which will raise proceeds to the Company of up to SEK 30 724 239 million before issue costs (the "Directed New Share Issue"). Further, the board of directors has resolved, conditional upon approval at a subsequent extraordinary general meeting, on a directed new share issue with payment through set-off to three of the Company's creditors of up to 11,713,337 shares, which will result in the Company's debts decreasing by up to SEK 8,785,002.75 million (the "Set-Off Issue"). The subscription price in both new share issues amount to SEK 0.75 per share and has been determined through an accelerated book building process in connection with the Directed New Share Issue.


Arctic Minerals offentliggör avsikt att genomföra en riktad nyemission av aktier genom ett accelererat bookbuilding-förfarande

Arctic Minerals AB (publ) ("Arctic Minerals" eller "Bolaget") offentliggör härmed sin avsikt att genomföra en riktad nyemission av aktier om cirka 30,7 MSEK till svenska och internationella professionella investerare (den "Riktade Nyemissionen"). Bolaget överväger även möjligheten att i samband med den Riktade Nyemissionen genomföra en kvittningsemission av aktier, till samma emissionskurs som i den Riktade Nyemissionen, om cirka 8,8 MSEK till vissa av Bolagets fordringshavare.


Arctic Minerals announces its intention to carry out a directed new share issue through an accelerated bookbuilding process

Arctic Minerals AB (publ) ("Arctic Minerals" or the "Company") hereby announces its intention to carry out a directed new share issue of approximately MSEK 30.7 to Swedish and International professional investors (the "Directed New Share Issue"). In connection with the Directed New Share Issue, the Company is also considering the possibility of carrying out a directed new share issue with payment through set-off, applying the same subscription price as in the Directed New Share Issue, of approximately 8.8 MSEK to certain creditors in the Company.


Arctic Minerals uppdaterar om pågående guldprospektering vid Nutukka guldprojekt i Finland

Vid fortsatt provtagning har jordprov med förhöjda guldhalter påvisats. Guldet är troligen av lokalt ursprung.


Arctic Minerals provides update on gold exploration at the Nutukka gold project in Finland

Follow-up sampling finds cluster of gold-bearing soil samples likely to be of local origin.


Arctic Minerals har påträffat ytterligare kopparrika malmblock vid kopparprojektet i Peräpohja

Arctic Minerals har påträffat ytterligare kopparrika malmblock vid kopparprojektet i Peräpohja i södra finska Lappland. Några av malmblocken innehåller också signifikanta halter av guld, silver och bly. Planering pågår nu för kommande kärnborrning i utvalda områden i Peräpohja. Med Peräpohja kopparprojekt avses det samarbete (Joint Venture) Bolaget ingått med Rio Tinto Group, ett av världens största gruvbolag, se pressmeddelande från den 21 januari 2020.


Arctic Minerals finds more copper-rich samples at Peräpohja copper project

Arctic Minerals is pleased to announce that it has found more copper-rich samples at its Peräpohja copper project in southern Finnish Lapland. Some of the samples also showed significant contents of gold, silver and lead. In addition, planning activities to commence diamond drilling at selected areas in Peräpohja are also under way. The Peräpohja copper project is the subject of an earn-in and joint venture agreement with the Rio Tinto group, one of the world's largest mining companies (see Press Release of 21 January 2020).


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