Nickel Mountain Resources AB (publ) has changed its name to Bluelake Mineral AB (publ)

The Swedish Companies Registration Office has registered the name change from Nickel Mountain Resources AB (publ) to Bluelake Mineral AB (publ) and the company is therefore changing its listing name and ticker.

On December 17, 2020, the extraordinary general meeting in Nickel Mountain Resources (publ) resolved that the company shall change name to Bluelake Mineral AB (publ). The name change has been registered at the Swedish Companies Registration Office (Sw. Bolagsverket).

The company's share will be traded under new listing name and ticker starting on Tuesday December 29, 2020. The new listing name will be Bluelake Mineral and the new ticker will be BLUE. ISIN and Instrument ID will remain unchanged.

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Stockholm, December 2020
Nickel Mountain Resources AB (publ)
The Board of Directors

Additional information

For additional information, please contact:
Peter Hjorth, Managing Director, Nickel Mountain Resources AB (publ), phone +46-725 38 25 25 Email: info@nickelmountain.se

 

General information about the Company

Nickel Mountain Resources 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 95% of the subsidiary Vilhelmina Minera 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 2017, the Company acquired the Cypriot company Mezhlisa Resources Cyprus Ltd ("Mezhlisa"). 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.

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 0.0174% 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 Mineral AB, 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 april 2021 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 April 30, 2021 at 10 am at Brahegatan 29, 114 37 Stockholm, Sweden.


Förvärv av ytterligare aktier i Vilhelmina Mineral AB (publ) nu genomfört

Bluelake Mineral AB (publ) ("Bluelake" eller "Bolaget") har idag beslutat om tilldelning av 177 603 aktier i Bolaget mot vederlag av 330 726 aktier i Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") varefter Bolaget innehar sammanlagt 99,2 procent av alla utestående aktier i Vilhelmina Mineral.


Acquisition of additional shares in Vilhelmina Mineral AB (publ) has now been completed

Bluelake Mineral AB (publ) ("Bluelake" or the "Company") has today decided to allot 177,603 shares in the Company against consideration of 330,726 shares in Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral"), after which the Company holds a total of 99.2 percent of all outstanding shares in Vilhelmina Mineral.


Styrelseledamot i Bluelake Mineral åtalas

Bluelake Mineral AB (publ)s ("Bluelake Mineral" eller "Bolaget") styrelseledamot Anders Thorsell ("Ledamoten") åtalas för insiderbrott. Ledamoten har på egen begäran valt att avgå från styrelsen.


Styrelseledamot i Bluelake Mineral utreds

Styrelsen för Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") har informerats om att Ekobrottsmyndigheten utreder Bolagets styrelseledamot Anders Thorsell ("Ledamoten") för misstänkt insiderbrott till följd av aktiehandel för annans räkning i Bolagets aktier.


Bluelake Mineral beslutar om apportemission som en del i förvärvet av resterande aktier i Vilhelmina Mineral

Bluelake Mineral AB (publ) ("Bluelake Mineral" eller "Bolaget") Bluelake Mineral har idag beslutat att erbjuda resterande aktieägare i Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") att sälja samtliga sina aktier i Vilhelmina Mineral till Bolaget mot erhållandet av nyemitterade aktier i Bolaget (genom apportemission) till samma vederlag och i övrigt på i huvudsak samma villkor som för den försäljning av aktier i Vilhelmina Mineral till Bolaget som genomfördes sommaren 2020, beaktat sammanläggningen av aktier i Bolaget som beslutades på extra bolagsstämma den 17 december 2020. Styrelsen har som ett resultat därav idag fattat beslut om att genomföra en nyemission av högst 298 767 aktier ("Apportemissionen") genom betalning med apport av högst 543 214 aktier ("Apportegendomen") i Vilhelmina Mineral motsvarande ca 1,9 procent av aktierna i Vilhelmina Mineral.


Bluelake Mineral decides on a non-cash share issue as part of the acquisition of remaining shares in Vilhelmina Mineral

Bluelake Mineral AB (publ) ("Bluelake Mineral" or "the Company") Bluelake Mineral today decided to offer the remaining shareholders in Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral") to sell all their shares in Vilhelmina Mineral to the Company in exchange for receipt of newly issued shares in the Company (through a non-cash share issue) for the same consideration and otherwise on essentially the same terms as the sale of shares in Vilhelmina Mineral to the Company that took place in the summer of 2020, taking into account the reverse share split in the Company resolved at the Extraordinary General Meeting on December 17, 2020. As a result, the Board today decided to carry out a new issue of a maximum of 298,767 shares (the "Non-Cash Issue") through payment in kind of a maximum of 543,214 shares (the "Non-Cash Property") in Vilhelmina Mineral corresponding to approximately 1.9 percent of the shares in Vilhelmina Mineral.


Bluelake Mineral offentliggör bokslutskommuniké 2020

Fjärde kvartalet 2020 (oktober - december)

  • Intäkterna för fjärde kvartalet uppgick till 0,0 (0,0) mkr
  • Prospekterings- och utvärderingskostnader för fjärde kvartalet uppgick till -1,6 (0,0) mkr
  • Resultatet efter skatt för fjärde kvartalet uppgick till -3,8 (-7,2) mkr
  • Resultatet per aktie för fjärde kvartalet uppgick till -0,01 (-0,02) kr

Helåret 2020 (januari - december)

  • Intäkterna för helåret 2020 uppgick till 1,2 (0,0) mkr
  • Prospekterings- och utvärderingskostnader för helåret 2020 uppgick till -3,8 (-0,2) mkr
  • Resultatet efter skatt för året uppgick till -274,1 (-5,8) mkr
  • Resultatet per aktie under helåret uppgick till -0,48 (-0,01) kr

Bluelake Mineral announces financial report for fourth quarter and full year 2020

Fourth Quarter 2020 (October - December 2020)

  • Revenue in fourth quarter amounts to MSEK 0.0 (0.0)
  • Exploration and evaluation costs for fourth quarter amounts to MSEK -1.6 (0.0)
  • After-tax result for the fourth quarter amounts to MSEK -3.8 (-7.2)
  • Result per share for fourth quarter amounts to SEK -0.01 (-0.02)

Full Year 2020 (January - December 2020)

  • Revenue for full year 2020 amounts to MSEK 1.2 (0.0)
  • Exploration and evaluation costs for 12 months 2020 amounts to MSEK -3.8 (-0,2)
  • After-tax result for full year 2020 amounts to MSEK -274.1 (-5.8)
  • Result per share for full year 2020 amounts to SEK -0.48 (-0.01)

Bluelake Mineral has appointed SRK Consulting to conduct updated mineral resource estimates for Joma and Stekenjokk-Levi

Bluelake Mineral AB (publ) ("Bluelake Mineral" and "The Company") has, via Norwegian subsidiary Joma Gruver AS, entered into an agreement (the "Agreement") with SRK Consulting AB ("SRK Consulting") to conduct updated mineral resource estimates ("MRE") for the mineralizations in Joma in Norway and in Stekenjokk-Levi in Sweden.


Bluelake Mineral anlitar SRK Consulting för genomförande av uppdaterad mineralresursberäkning i Joma och Stekenjokk-Levi

Bluelake Mineral AB (publ) ("Bluelake Mineral" och "Bolaget") har, via sitt norska dotterbolag Joma Gruver AS, ingått avtal ("Avtalet") med SRK Consulting AB ("SRK Consulting") avseende genomförande av en uppdaterad mineralresursberäkning ("MRE") för mineraliseringar Joma i Norge samt för Stekenjokk-Levi i Sverige.


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