TORONTO, Jan. 22,
2025 /CNW/ - First Nordic Metals Corp.
(the "Company" or "FNM") (TSXV: FNM) (OTC: FNMCF)
(FRA: HEG0) announces that Mr. Henrik
Lundin has been appointed to the Company's board of
directors.
Mr. Lundin has 19 years of technical and business experience in
the natural resource sector and has held various executive and
board roles with both private and public companies in the mining
and oil and gas sectors. He previously served as Chairman of Gold
Line Resources Ltd. ("Gold Line"), one of the predecessor companies
to FNM. At Gold Line Henrik was involved in the initial
consolidation of its belt-scale project package in Sweden, as well as the acquisition of the
Oijärvi greenstone belt project in Finland from Agnico Eagle Mines Ltd. Mr.
Lundin was also Chief Operating Officer of TAG Oil Ltd.,
responsible for global operations. He also worked for Lundin Energy
AB in Norway prior to moving over
to Aker BP ASA where he currently serves as an Advanced Reservoir
Engineer. Henrik is a Swedish citizen and has a B.Sc. Petroleum
Engineering degree from the Colorado School of
Mines in Colorado, USA.
Taj Singh, FNM CEO
comment: "On behalf of the board and management team, I am
thrilled to welcome Henrik to FNM. His European experience and
expertise will no doubt be very important to FNM as we advance our
projects in the Nordics. Additionally, Henrik's networks and
connections in Europe will be
particularly useful in the near-term, with our planned exchange
listing in Sweden.''
Henrik Lundin
remarks: "I am excited to be joining the FNM board. FNM
has done a great job in consolidating and launching one of the most
meaningful European gold stories in the sector. It seems to be the
right place and the right time for FNM, as both Sweden and Finland, with long-standing and impressive
histories in mining, seem determined to increase their current
relevance in the minerals industry."
The Company also announces that it has granted incentive stock
options to Mr. Lundin to acquire an aggregate of 1,000,000 common
shares in the capital of the Company at an exercise price of
$0.42 (the "Options"), in accordance
with its 10% rolling Incentive Stock Option Plan. The Options vest
upon the date of the grant and are exercisable for five years.
ABOUT FIRST NORDIC METALS
First Nordic Metals Corp.
(FNM) is a Canadian-based gold exploration company, consolidating
assets in Sweden and Finland to create Europe's next gold camp. The Company's
flagship asset in northern Sweden
is the Barsele Gold Project, a joint venture project with senior
gold producer Agnico Eagle Mines Limited. Immediately surrounding
the Barsele project, FNM is 100%-owner of a district-scale license
position comprised of three additional projects (Paubäcken,
Storjuktan, Klippen), which combined with the Barsele Project,
total 104,000 hectares on the Gold Line Belt. Additionally, in
northern Finland, FNM is the
100%-owner of a district-scale position covering the entire
underexplored Oijärvi Greenstone Belt, including the Kylmäkangas
Au-Ag deposit, the largest known gold occurrence this belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh, M.Eng, P.Eng, CPA
CEO & Director
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Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking
Statements:
This news release may include forward-looking
statements that are subject to inherent risks and uncertainties.
All statements within this news release, other than statements of
historical fact, are to be considered forward looking. Although
First Nordic believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those described
in forward-looking statements. Factors that could cause actual
results to differ materially from those described in
forward-looking statements include fluctuations in market prices,
including metal prices, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties.
SOURCE First Nordic Metals Corp.