Bluelake Mineral's subsidiary Vilhelmina Mineral has submitted application for Natura 2000 permit

As previously announced, Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") applied for an exploitation concession within the exploration permits Levi K no. 1 and Stekenjokk K no. 1 in Vilhelmina municipality. In its statement to the Swedish Mining Directorate, the County Administrative Board of Jämtland has previously recommended that an exploitation concession for Stekenjokk K no. 1 should be granted. However, during the ongoing examination of the exploitation concession application the County Administrative Board of Västerbotten has declared that an examination according to Natura 2000 is required for both of the applied exploitation concessions before a final assessment can be made. Therefore, Vilhelmina Mineral has now submitted a separate application for a Natura 2000 permit in accordance with the Environmental Act to the County Administrative Board of Västerbotten.

During the ongoing examination of Vilhelmina Mineral's application for an exploitation concession to the Swedish Mining Directorate, the County Administrative Board of Västerbotten announced that a special consultation was required regarding the potential impact on the nearby Natura 2000 area. Therefore, an investigative consultation was conducted in May 2020 between the County Administrative Board of Västerbotten and Vilhelmina Mineral, after which a consultation report was submitted by the Company in July 2020. The County Administrative Board of Västerbotten then decided that a Natura 2000 examination is required for both applied concession areas before a final decision can be made. Furthermore, the County Administrative Board of Västerbotten has made the assessment that the consultation report that was submitted after the investigative consultation are in line with a delimitation consultation with regards to scope and quality. The County Administrative Board is therefore of the opinion that the submitted consultation report should be regarded as a delimitation consultation in accordance with chapter 6, sections 29 - 32 in the Environmental Act, and within the framework of a specific environmental assessment.

Following the consultation, Vilhelmina Mineral has, within the framework of the environmental assessment in accordance with the Environmental Act, developed an EIA (environmental impact assessment) in which the impact of the planned activities on the Natura 2000 area is described. This EIA and an application for a permit for the activity to be conducted in and in connection with the Natura 2000 area has now been submitted to the County Administrative Board of Västerbotten. The County Administrative Board will now process this application and examine whether such a permit can be granted. After Vilhelmina Mineral has received the applied permit, the examination of the application for an exploitation concession can be resumed by the Swedish Mining Directorate.

Stockholm, May 2021
Bluelake Mineral AB (publ)
The Board of Directors

Stockholm May 3, 2021

Additional information 

For additional information, please contact:
Peter Hjorth, CEO, Bluelake Mineral AB (publ), phone +46-725 38 25 25
Email: info@bluelakemineral.com 

Publication of information

This information is inside information which Bluelake Mineral AB (publ) is required to publish in accordance with the EU Market Abuse Regulation. The information was submitted, for publication on May 3, 2021 at 8.40 CET, by the contact person above.

General information about the Company

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

The Company owns approximately 98% of the subsidiary Vilhelmina Mineral AB (publ)l, which is focusing on the development of copper and zinc deposits in the Nordic region. In Sweden, the Company owns Stekenjokk, where a total of approximately 7 million tons of ore was mined between 1976 and 1988. According to previous resource estimates, there is a remaining indicated mineral resource of approximately 7.4 million tons with grades of 1.17% Cu, 3.01% Zn and 47 g/ton Ag (at cut-off grade of 0.9% Cu). In Norway, the Company is owner in the Joma field, where approximately 11.5 million tons of ore was processed between 1972 and 1998 with an average grade of 1.5% Cu and 1.5% Zn. The Joma field (excluding Gjersvik) is estimated to contain an additional indicated mineral resource of approximately 5.7 million tons with grades amounting to 1.55% Cu and 0.82% Zn (at cut-off grade 0.8% Cu).

In addition, the Company owns the nickel projects Rönnbäcken (which is Europe's largest known undeveloped nickel resource) and Orrbäcken in Sweden. According to the mining consulting company SRK, the Rönnbäcken project contains a mineral resource of approximately 574 million tons with an average grade of 0.174% nickel ("measured and indicated"). The preliminary economic assessment that SRK completed predicts a production of 26,000 tons of high-grade nickel concentrate 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.) The Company also holds the gold project Kattisavan which 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.

In 2017, the Company acquired the Cypriot company Mezhlisa Resources Cyprus Ltd ("Mezhlisa"). Mezhlisa is today owned by the Company's wholly owned subsidiary Mezhlisa Resources AB, which in turn is owned by the Company's wholly owned subsidiary Mezhlisa Holding AB (publ). Through the Russian subsidiary OOO Bakcharneftegaz (BNG), Mezhlisa controls 71-1 exploration and production licenses in the Tomsk region of Russia. Mezhlisa is currently registered as the owner of 72.3809 percent of BNG. Mezhlisa has, based on that, access to the exploration and evaluation project that BNG acquired at a public auction in August 2010, license 71-1 "Ellej-Igajskoje" in Tomsk Oblast, Russia. The Company conducts an exploration program of oil and gas assets on licenses 71-1 which has shown significant potential. At the Extraordinary General Meeting of the Company on April 30, 2021, it was decided that all shares in Mezhlisa Holding AB (publ) shall be distributed to the shareholders in the Company. The record date for the distribution of the shares is May 12, 2021.

Fördelning av anskaffningsutgift avseende Bluelake Minerals utdelning av aktier i Mezhlisa Holding

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") har i enlighet med beslut från extra bolagsstämma den 30 april 2021 genomfört en utdelning av samtliga aktier i Mezhlisa Holding AB (publ) ("Mezhlisa"). Avstämningsdagen var den 12 maj 2021. Skatteverket har publicerat information om fördelning av anskaffningsutgiften med tillämpning av den s k lex Asea.


Distribution of acquisition cost related to Bluelake Mineral's distribution of shares in Mezhlisa Holding

Bluelake Mineral AB (publ) ("Bluelake Mineral" or "the Company") has, in accordance with a resolution from the Extraordinary General Meeting on April 30, 2021, made a dividend in kind of all shares in Mezhlisa Holding AB (publ) ("Mezhlisa"). The record date was May 12, 2021. The Swedish Tax Agency has published information on the distribution of the acquisition cost based on the so called Lex Asea.


Publicering av utredningar i samband med ansökan om sakbehandling av reguleringsplan för Jomagruvan

Som tidigare meddelats har Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake") och dess norska dotterbolag Joma Gruver AS fortsatt arbetet med tillståndsprocessen i Norge och anlitat teknik- och miljökonsulten Multiconsult Norge AS för genomförande av s k planprocess, konsekvensutredning och reguleringsplan. Arbetet fortlöper enligt plan med att förankra gruvprojektet med myndigheter och lokala och regionala intressenter. Bolaget publicerar härmed ett 20-tal dokument som utgör huvuddelen av ansökan om sakbehandling av reguleringsplan hos Røyrvik kommun där Jomagruvan ligger. Reguleringsplanen med konsekvensutredningar ska behandlas i ett s k regionalt planforum den 16 juni och dokumenten utgör underlag för detta möte. I detta möte kommer frågor rörande rennäring och miljö vara huvudsakliga frågeställningar.


Publication of impact assessment reports in conjunction with application for approval of zoning plan for Joma mine

As previously announced, Bluelake Mineral AB (publ), ("the Company" or " Bluelake Mineral") and its Norwegian subsidiary Joma Gruver AS, have continued work related to the permitting process in Norway and hired environmental consultant Multiconsult Norge AS for the implementation of the so-called planning process, including a number of impact assessment studies and a zoning plan. The work is proceeding according to plan with a constructive dialogue with authorities and local and regional stakeholders. The Company hereby publishes some 20 documents that make up the major part of the of the application for approval of the zoning plan at Røyrvik municipality where the Joma mine is located. The zoning plan with impact assessments will be discussed in a so-called regional planning forum on June 16 and the documents form the basis for this meeting. In this meeting, issues concerning reindeer husbandry and the environment will be the main topics.


Kommuniké från årsstämma i Bluelake Mineral

Aktieägarna i Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake") har den 26 maj 2021 hållit årsstämma i Stockholm, varvid följande huvudsakliga beslut fattades.


Bulletin from Annual General Meeting in Bluelake Mineral

The shareholders of Bluelake Mineral AB (publ) ("Bluelake" or the "Company") have held an Annual General Meeting on May 26, 2021 (the "AGM") whereby the following main decisions were made.


Bluelake Mineral offentliggör delårsrapport för första kvartalet 2021

Första kvartalet 2021 (januari - mars)

  • Intäkterna för första kvartalet uppgick till 0,0 (0,01) mkr
  • Prospekterings- och utvärderingskostnader för första kvartalet uppgick till -1,5 (-0,01) mkr
  • Resultatet efter skatt för första kvartalet uppgick till -3,1 (8,3) mkr
  • Resultatet per aktie för första kvartalet uppgick till -0,004 (0,02) kr

Bluelake Mineral announces financial report for first quarter 2021

First Quarter 2021 (January - March)

  • Revenue in first quarter amounts to MSEK 0.0 (0.01)
  • Exploration and evaluation costs for first quarter amounts to MSEK -1.5 (-0.01)
  • After-tax result for the first amounts to MSEK -3.1 (8.3)
  • Result per share for first quarter amounts to SEK -0.004 (0.02)

Bluelake Mineral genomför riktad nyemission

Styrelsen i Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") har idag, med stöd av bemyndigande från extra bolagsstämman 2020-12-17, beslutat om en till KAZ Invest AB ("KAZ Invest") riktad nyemission av högst 6 837 607 aktier till en teckningskurs om 1,17 kronor per aktie, det vill säga till ett sammanlagt värde om 8 MSEK.


Bluelake Mineral carries out a directed share issue

The Board of Directors of Bluelake Mineral AB (publ) ("Bluelake Mineral" or "the Company") has today, with the support of an authorization from the Extraordinary General Meeting held 2020-12-17, decided on a new share issue directed towards KAZ Invest AB ("KAZ Invest") of a maximum of 6,837,607 shares at a subscription price of SEK 1.17 per share at a total value of 8 MSEK.


Bluelake Mineral inleder strategisk översyn av dotterbolaget Nickel Mountain och nickelprojektet Rönnbäcken

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") har beslutat att inleda en översyn av strategiska alternativ för sitt dotterbolag Nickel Mountain AB ("Nickel Mountain"), som innehar nickelprojektet Rönnbäcken, för att maximera dess framtida potential. Rönnbäcken är en av de största, oexploaterade nickelfyndigheterna i Europa med potential att utgöra en strategisk resurs för både den europeiska batteribranschen och stålbranschen.


Bluelake Mineral initiates a strategic review of subsidiary Nickel Mountain and Rönnbäcken nickel project

Bluelake Mineral AB (publ) ("Bluelake Mineral" or the "Company") has decided to initiate a review of strategic alternatives for its subsidiary Nickel Mountain AB ("Nickel Mountain"), which holds the nickel project Rönnbäcken, in order to maximize its future potential. Rönnbäcken is one of the largest, unexploited nickel deposits in Europe with the potential as a strategic resource for both the European battery technology vertical and the European steel vertical.


Bluelake Mineral har erhållit förlängning av fyra undersökningstillstånd

Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") har via sina svenska dotterbolag Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") och Nickel Mountain AB ("Nickel Mountain") från Bergsstaten meddelats att följande fyra undersökningstillstånd förlängs med ett år: Kattisavan nr 4 (guld), Orrbäcken nr 4 (nickel), Blåsjön Syd nr 2 och Ankarvattnet nr 2 (koppar och zink).


Bluelake Mineral has obtained extension of four exploration permits

Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiaries Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") and Nickel Mountain AB ("Nickel Mountain") from the Swedish Mining Inspectorate obtained extension with one year for each of four exploration permits named Kattisavan nr 4 (gold), Orrbäcken nr 4 (nickel), Blåsjön Syd nr 2 and Ankarvattnet nr 2 (copper and zinc)


Bluelake Minerals dotterbolag Vilhelmina Mineral har inlämnat ansökan om Natura 2000-tillstånd

Som tidigare meddelats har Bluelake Mineral AB (publ) ("Bolaget" eller "Bluelake Mineral") via sitt svenska dotterbolag Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") ansökt om bearbetningskoncession inom undersökningstillstånden Levi K nr 1 och Stekenjokk K nr 1 i Vilhelmina kommun. Länsstyrelsen i Jämtland har i sitt yttrande till Bergsstaten tidigare tillstyrkt att bearbetningskoncession för Stekenjokk K nr 1 ska beviljas. Länsstyrelsen i Västerbotten har under pågående prövning av koncessionsansökan dock meddelat att en prövning enligt Natura 2000 behövs för bägge de ansökta bearbetningskoncessionerna innan en slutlig bedömning kan ske. Vilhelmina Mineral har nu därför lämnat in en separat ansökan om Natura 2000-tillstånd enligt miljöbalken till Länsstyrelsen i Västerbotten.


Bluelake Mineral's subsidiary Vilhelmina Mineral has submitted application for Natura 2000 permit

As previously announced, Bluelake Mineral AB (publ) ("the Company" or "Bluelake Mineral"), has via its Swedish subsidiary Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") applied for an exploitation concession within the exploration permits Levi K no. 1 and Stekenjokk K no. 1 in Vilhelmina municipality. In its statement to the Swedish Mining Directorate, the County Administrative Board of Jämtland has previously recommended that an exploitation concession for Stekenjokk K no. 1 should be granted. However, during the ongoing examination of the exploitation concession application the County Administrative Board of Västerbotten has declared that an examination according to Natura 2000 is required for both of the applied exploitation concessions before a final assessment can be made. Therefore, Vilhelmina Mineral has now submitted a separate application for a Natura 2000 permit in accordance with the Environmental Act to the County Administrative Board of Västerbotten.


Stämmokommuniké från extra bolagsstämma i Bluelake Mineral AB (publ)

Aktieägarna i Bluelake Mineral AB (publ) ("Bolaget") har idag den 30 april 2021 hållit extra bolagsstämma i Stockholm, varvid följande huvudsakliga beslut fattades.


Bluelake Mineral AB (publ) offentliggör årsredovisning 2020

Bluelake Mineral AB (publ) ("Bluelake" eller "Bolaget") offentliggör årsredovisning för verksamhetsåret 2020. Årsredovisningen är reviderad av Bolagets revisor och finns tillgänglig på Bolagets hemsida www.bluelakemineral.com.


Bluelake Mineral AB (publ) announces annual report for 2020

Bluelake Mineral AB (publ) ("Bluelake" or "the Company") hereby published the annual report for 2020. The annual report has been audited by the Company's auditor and is also available at the Company's website www.bluelakemineral.com. 


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