Bluelake Minerals' subsidiary Vilhelmina Minerals' permission for mining operations in the Natura 2000 area Vardo- Laster- and Fjällfjällen in Vilhelmina municipality, Sweden, has been appealed

Bluelake Mineral AB (publ) (the "Company" or "Bluelake Mineral") has as previously announced, via its subsidiary Vilhelmina Mineral AB, been granted a Natura 2000 permit for mining operations on June 2, 2022. The County Administrative Board of Västerbotten granted Vilhelmina Mineral AB a permit in accordance with Chapter 7 Section 28a of the Environmental Code for mining activities in connection with and within the Natura 2000 area Vardo, Laster and Fjällfjällen (SE0810394) in Vilhelmina municipality. The decision has been subject to appeal during five weeks up to and including July 7. The permit has been appealed within the set time by Vilhelmina Södra Sami village. The County Administrative Board of Västerbotten will therefore send the case to the Land and Environment Court in Umeå for them to decide whether appeal shall be granted and the case tried.

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Stockholm, July 2022
Bluelake Mineral AB (publ)
The Board of Directors

Publication of information

This information is inside information which Bluelake Mineral AB (pull) is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, for publication on July 8, 2022, at 9.30 CET, by the contact person below.

Additional information

For additional information, please contact:

Peter Hjorth, CEO, Bluelake Mineral AB (public), phone +46-725 38 25 25

Email: [email protected] 

General information about the Company

Bluelake Mineral AB (pull) is an independent Swedish company active in exploration and mine development of copper, zinc, nickel and gold resources.

The Company owns approximately 99% of the subsidiary Vilhelmina Mineral AB, which is focusing on development of copper and zinc deposits in the Nordic region. In Sweden, the Company owns Stekenjokk-Levi project, where a total of approximately 7 million tonnes of ore were mined between 1976 and 1988 with an average grade 1.5% Cu and 3.5% Zn. Stekenjokk-Levi is, according to a recent Mineral Resource Estimate by SRK Consulting, containing inferred mineral resources of approximately 6.7 million tonnes with 0.9 % Cu, 2.7 % Zn, 0.6 % Pb, 55 Ag g/t and 0.2 g/t Au for Stekenjokk and inferred mineral resources of 5.1 million tonnes with 1.0 % Cu, 1.5 % Zn, 0.1 % Pb, 22 Ag g/t and 0.2 g/t Au for Levi (at a NSR cut-off of 60 USD/t). In Norway, the Company is owner in the Joma field, where approximately 11.5 million tonnes of ore were processed between 1972 and 1998 with an average grade of 1.5% Cu and 1.5% Zn. The Joma field (excluding Gjersvik) is, according to a recent mineral estimate by SRK Consulting, containing indicated mineral resources of approximately 6 million tonnes with grades amounting to 1.00 % Cu and 1.66 % Zn and inferred resources of 1.2 million tonnes with grades 1.2 % Cu and 0.7 % Zn (at cut-off of 50 USD/t).

In addition, the Company owns the nickel projects Rönnbäcken (which is Europe's largest known undeveloped nickel resource) and Orrbäcken in Sweden. According to a recently updated mineral resource update in by the mining consulting company SRK, the Rönnbäcken project contains a mineral resource of 600 million tonnes with an average grade of 0.18% Ni, 0.003% Co and 5.7% Fe ("measured and indicated"). The updated preliminary economic assessment that SRK completed predicts a production of 23,000 tonnes of nickel, 660 tonnes of cobalt and 1.5 million tonnes of iron per year for 20 years, which would be a significant proportion of Sweden's total annual use of nickel which thereby has a strategic value. Orrbäcken is an exploration license that is considered to have potential as a nickel deposit.

The Company owns the gold project Haveri, through its subsidiary Palmex Mining Oy, which in 2014 carried out a so-called Preliminary Economic Assessment (PEA) prepared by SRK Consulting. This report estimates 1.56 million oz. historically inferred mineral resource of gold equivalents with a grade of 0.93 g/t gold.) Kattisavan is mainly considered to have potential as a gold resource and is located within the so-called gold line, close to projects such as Svartliden, Fäboliden and Barsele.

Kallelse till extra bolagsstämma i Bluelake Mineral AB (publ)

Aktieägarna i Bluelake Mineral AB (publ), org nr 556493-3199 ("Bolaget"), kallas härmed till extra bolagsstämma den 30 september 2022 kl. 10.00 på Brahegatan 29, 114 37 Stockholm, Sverige.


Announcement of Extraordinary General Meeting in Bluelake Mineral AB (publ)

The shareholders of Bluelake Mineral AB (publ), company registration no 556493-3199 (the "Company"), are hereby invited to participate in the Extraordinary General Meeting ("EGM") to be held on September 30, 2022 at 10 am at Brahegatan 29, 114 37 Stockholm, Sweden.


Statsförvaltaren i Trøndelag har dragit tillbaka invändning mot reguleringsplan för Jomagruvan

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sitt norska dotterbolag Joma Gruver AS ("Joma Gruver") från statsförvaltaren i norska fylket Trøndelag meddelats att de är nöjda med efterfrågade svar och kompletteringar och att statsförvaltaren därför drar tillbaka sin tidigare invändning mot reguleringsplanen för Jomagruvan.




Bluelake Mineral offentliggör delårsrapport andra kvartalet 2022

Andra kvartalet 2022 (april - juni)

  • Intäkterna för andra kvartalet uppgick till 0,07 (0,7) mkr
  • Prospekterings- och utvärderingskostnader för andra kvartalet uppgick till -1,1 (-1,7) mkr
  • Resultatet efter skatt för andra kvartalet uppgick till -2,9 (-6,4) mkr
  • Resultatet per aktie för andra kvartalet uppgick till -0,05 (-0,02) kr

Första halvåret 2022 (januari - juni)

  • Intäkterna för första halvåret uppgick till 0,1 (0,7) mkr
  • Prospekterings- och utvärderingskostnader för första halvåret uppgick till -3,1 (-3,2 mkr
  • Resultatet efter skatt för första halvåret uppgick till -7,5 (-9,5) mkr
  • Resultatet per aktie för första halvåret uppgick till -0,14 (-0,02) kr

Bluelake Mineral announces financial report for second quarter 2022

Second quarter 2022 (April - June) 

  • Revenue in second quarter amounts to MSEK 0.07 (0.7)
  • Exploration and evaluation costs for second quarter amounts to MSEK -1.1 (-1.7)
  • After-tax result for the second quarter amounts to MSEK -2.9 (-6.4)
  • Result per share for second quarter amounts to SEK -0.05 (-0.02)

First six months 2022 (January - June)

  • Revenue in first six months amounts to MSEK 0.1 (0.7)
  • Exploration and evaluation costs for first six months amounts to MSEK -3.1 (-3.2)
  • After-tax result for the first six months amounts to MSEK -7.5 (-9.5)
  • Result per share for first six months amounts to SEK -0.14 (-0.02)

Bluelake Mineral erhåller förlängning av undersökningstillstånd

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sitt svenska dotterbolag Vilhelmina Mineral AB ("Vilhelmina Mineral") från Bergsstaten meddelats att följande undersökningstillstånd förlängs med ett år: Ankarvattnet nr 2 (koppar och zink).


Mineral has obtained extension of exploration permit

Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Vilhelmina Mineral AB ("Vilhelmina Mineral") from the Swedish Mining Inspectorate obtained extension with one year for the exploration permit named Ankarvattnet nr 2 (copper and zinc).


Bluelake Mineral erhåller förlängning av undersökningstillstånd

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sitt svenska dotterbolag Nickel Mountain AB ("Nickel Mountain") från Bergsstaten meddelats att följande undersökningstillstånd förlängs med ett år: Kattisavan nr 4 (guld) och Orrbäcken nr 4 (nickel).


Bluelake Mineral has obtained extension of exploration permits

Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Nickel Mountain AB ("Nickel Mountain") from the Swedish Mining Inspectorate obtained extension with one year for each of the exploration permits named Kattisavan nr 4 (gold) and Orrbäcken nr 4 (nickel).


Bluelake Mineral har slutfört försäljning av dotterbolaget Palmex Mining Oy och efterföljande investeringar i Mahvie Minerals AB

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") meddelade den 15 juli 2022 att Bolaget hade ingått slutligt avtal rörande försäljning av samtliga aktier i Bolagets dotterbolag Palmex Mining Oy till Mahvie Minerals AB ("Mahvie Minerals") ("Försäljningen") samt teckning av aktier i Mahvie Minerals ("Investeringen"). Bluelake Mineral har idag slutfört Försäljningen och Investeringen.


Bluelake Mineral completes the sale of all shares in its subsidiary Palmex Mining Oy and subsequent investments in Mahvie Minerals AB

Bluelake Mineral AB (publ) ("Bluelake Mineral" or the "Company") announced on 15 July 2022 that the Company had entered into a final agreement regarding the sale of all shares in the Company's subsidiary Palmex Mining Oy to Mahvie Minerals AB ("Mahvie Minerals") (the "Sale") and the subscription of shares in Mahvie Minerals (the "Investment"). Bluelake has today completed the Sale and the Investment.


Bluelake Mineral har ingått slutligt avtal rörande försäljning av dotterbolaget Palmex Mining Oy och efterföljande investeringar i Mahvie Minerals AB, samt upptar lån om 8 MSEK

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") meddelade den 20 juni 2022 att Bolaget hade ingått en icke-bindande avsiktsförklaring angående försäljning av samtliga aktier i Bolagets dotterbolag Palmex Mining Oy till Mahvie Minerals AB ("Mahvie Minerals") ("Försäljningen"). Bluelake Mineral har idag ingått ett bindande avtal med Mahvie Minerals rörande Försäljningen. Bluelake Mineral har vidare avtalat om att uppta ett lån om 8 MSEK ("Lånet") från privata investerare. Syftet med Lånet är dels att, som ett led i Bolagets teckning av aktier i Mahvie Minerals, finansiera Mahvie Minerals, dels att stärka Bolagets likviditet.


Bluelake Mineral has made final agreement regarding the sale of its subsidiary Palmex Mining Oy and subsequent investments in Mahvie Minerals AB, and raises loans of SEK 8 million

Bluelake Mineral AB (publ) ("Bluelake Mineral" or the "Company") announced on 20 June 2022 that the Company had entered into a letter of intent regarding the sale of all shares in the Company's subsidiary Palmex Mining Oy to Mahvie Minerals AB ("Mahvie Minerals") (the "Sale"). Bluelake has today entered into a binding agreement with Mahvie Minerals regarding the Sale. Bluelake Mineral has further raised loans of SEK 8 million (the "Loan") from private investors. The purpose of the Loan is partly to, as part of the Company's subscription for shares in Mahvie Minerals, finance Mahvie Minerals, and partly to strengthen the Company's cash position.




Bluelake Mineral har ingått avsiktsförklaring rörande försäljning av dotterbolaget Palmex Mining Oy samt efterföljande investeringar i Mahvie Minerals AB

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") har idag ingått en icke-bindande avsiktsförklaring med Mahvie Minerals AB ("Mahvie Minerals") och majoritetsaktieägarna i Mahvie Minerals angående försäljning av samtliga aktier i Bolagets dotterbolag Palmex Mining Oy till Mahvie Minerals ("Försäljningen"). Bluelake Mineral kommer i Försäljningen att erhålla en köpeskilling om 14 800 000 kronor i form av ett skuldebrev, som ska användas för att teckna nyemitterade aktier i Mahvie Minerals genom kvittning ("Kvittningsemissionen"). Vidare ska Bluelake Mineral investera ytterligare 4 000 000 kronor i kontanter i Mahvie Minerals i en riktad nyemission av aktier ("Kontantemissionen", och tillsammans med Försäljningen och Kvittningsemissionen, "Transaktionerna"). Efter genomförandet av Transaktionerna kommer Bluelake Mineral att äga 50,1 % av aktierna i Mahvie Minerals och avsikten är att dela ut aktierna i Mahvie Minerals till aktieägarna i Bluelake Mineral genom en så kallad Lex Asea-utdelning, i samband med vilken aktierna i Mahvie Minerals också avses att noteras på en multilateral handelsplattform ("Noteringen").


Bluelake Mineral has entered into a letter of intent regarding the sale of all shares in its subsidiary Palmex Mining Oy and subsequent investments in Mahvie Minerals AB

Bluelake Mineral AB (publ) ("Bluelake Mineral" or the "Company") has today entered into a non-binding letter of intent with Mahvie Minerals AB ("Mahvie Minerals") and the majority shareholders in Mahvie Minerals regarding the sale of all shares in the Company's subsidiary Palmex Mining Oy to Mahvie Minerals (the "Sale"). Bluelake Mineral will in the Sale receive a consideration of SEK 14,800,000 in the form of a promissory note, which shall be used to subscribe for new shares in Mahvie Minerals by way of set-off (the "Set-off Issue"). Furthermore, Bluelake Mineral shall invest additional SEK 4,000,000 in cash in Mahvie Minerals in a directed issue of shares (the "Cash Issue", and together with the Sale and the Set-off Issue, the "Transactions"). Following completion of the Transactions, Bluelake Mineral will own 50.1% of the shares in Mahvie Minerals, and the intention is to distribute the shares in Mahvie Minerals to the shareholders in Bluelake Mineral through a so-called Lex Asea dividend, in connection with which the shares in Mahvie Minerals are also intended to be listed on a multilateral trading facility (the "Listing").


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