First Nordic Metals Corp. Announces Merger with Mawson Finland Limited and Market Developments

Date: 15 September 2025

Exchange Listings:

  • TSX Venture Exchange (TSX‑V: FNM)
  • Nasdaq Stockholm First North Growth Market (FNSE: FNMC SDB)
  • OTCQX (FNMCF)
  • Frankfurt Stock Exchange (FRA: HEG0)

Merger with Mawson Finland Limited

First Nordic Metals Corp. (FNMC) entered into a definitive arrangement agreement on 14 September 2025 to acquire all issued and outstanding common shares of Mawson Finland Limited (MFL). The transaction is structured as a plan of arrangement and will be completed on 15 September 2025. Upon completion, the combined entity will operate under the trading name NordCo Gold.

  • Scope of the Deal

    • Consolidation of a large, prospective gold development and exploration portfolio in Sweden and Finland.
    • The merger positions the new company as a leading Nordic‑focused gold developer and explorer.

  • Implications

    • Integration of Mawson’s exploration assets and operational expertise in the Nordic region.
    • Expanded resource base and exploration potential for First Nordic.

Market Listing Updates

Lifting of Suspension on FNSE

On 15 September 2025, the Nasdaq Stockholm AB First North Growth Market lifted the suspension of First Nordic Metals Corp. (FNMC SDB) at FNSE. The opening auction resumed at 13:30 CEST with continuous trading starting at 13:40 CEST.

Upgrade to OTCQX Best Market

On 12 September 2025, First Nordic Metals Corp. graduated to the OTCQX Best Market tier. This upgrade reflects the company’s compliance with OTCQX’s strict financial and corporate governance standards.

Share Price and Market Capitalisation

  • Closing Price (2025‑09‑11): 0.4625 CAD
  • 52‑Week Range: 0.28 CAD – 0.63 CAD (high on 17 February 2025)
  • Market Capitalisation: 146,903,321 CAD

The recent corporate actions and listing enhancements are expected to improve liquidity and investor visibility.

Summary

First Nordic Metals Corp. has completed a significant merger with Mawson Finland Limited, forming NordCo Gold, a company focused on gold development and exploration in the Nordic region. Concurrently, the company has regained trading status on FNSE and achieved OTCQX Best Market status, reinforcing its market presence. These developments, coupled with a stable share price and robust market capitalisation, position First Nordic Metals Corp. for continued growth in the metals and mining sector.