First Nordic and Mawson Announce Strategic Merger

First Nordic Metals Corp. and Mawson Finland Limited have agreed to a merger, creating a significant Nordic-focused gold development and exploration company known as NordCo Gold. This merger consolidates extensive gold assets in Sweden and Finland, including First Nordic's Barsele Joint Venture Project and Mawson's Rajapalot Project.

The merger aims to leverage a combined resource of 2.1 Moz AuEq inferred and 0.3 Moz AuEq measured and indicated, with exploration and development conducted on over 123,000 hectares of land. The transaction is anticipated to boost exploration potential and operational synergies while maintaining a substantial presence in tier-1 jurisdictions.

Strategic appointments post-merger include Russell Bradford as the new CEO and Peter Breese as Chairman. The transaction, involving a share exchange ratio, requires approval from Mawson shareholders and the Ontario Superior Court.