First Nordic Metals – The Barsele merger with Gold Line – Gold exploration in Sweden & Finland
I am joined by Taj Singh, President and CEO, and Adam Cegielski, Chief Development Officer of First Nordic Metals (TSX.V: FNM) (OTCQB: FNMCF), to introduce the new pro-forma Company. We review how the Barsele / Gold Line merger came together last month, to create a combined company with a leading #gold portfolio; underpinned by the advanced stage Barsele Gold Project and one of the largest consolidated gold #exploration portfolios in Scandinavia, both in #Sweden and in #Finland.
The flagship of the portfolio is the 2.4 Moz Au Barsele Gold Project (NI-43101, all categories), in a JV with Agnico Eagle Mines Ltd.; and the 100% ownership of 100 km of strike along the Gold Line Belt surrounding Barsele Project. There are multiple exploration targets already identified, that have had significant work in the past, and a high potential for new discoveries. The Company holds a 100,000-hectare district-scale position in Sweden covering almost the entire Gold Line belt and a significant portion of the Skellefte VMS (volcanogenic massive sulphide) belt and covering a +100km belt position of regional first-order structural corridors.
We discuss how this area of Sweden is a great mining jurisdiction, with proximity to multiple active mines, and just a few kilometers from a recently permitted gold mine. Adam also points out that the government has been making many positive changes to advance mineral exploration, development, and production in Sweden. Taj and Adam highlight the potential for drilling at depth at the Barsele Gold Project, as well as a number of targets regionally around the main resource area. Additionally they review other prospective exploration targets, that have seen prior work, along the broader mineralized Gold Line Belt.
We have both Taj and Adam outline their backgrounds in the mining industry as well as other members of the board and management team, highlighting a technically focused and capital markets driven executive team, with decades of natural resources and mining experience. Wrapping up we get into the capital structure, key stakeholders, and financial setup of the company.
