First Nordic Metals (FNM), a prominent exploration and development company, has recently undertaken significant initiatives to bolster its position in the European gold sector. In January 2025, the company announced key leadership appointments: Mr. Adam Cegielski was promoted to President and appointed to the Board of Directors, and Mr. John Eren joined as Vice President of Corporate Development. CEO Taj Singh highlighted these changes as pivotal for FNM's transformative plans for 2025.
In December 2024, FNM commenced a top-of-bedrock drilling program at the Nippas target within the Storjuktan project area on Sweden's Gold Line Belt. This program aims to explore a substantial gold and pathfinder element till anomaly, with plans for up to 120 drill holes over a 4 km zone. The initiative is designed to identify potential new discoveries beneath glacial till cover, setting the stage for more extensive diamond drilling in 2025.
Earlier, in October 2024, FNM launched a base-of-till drilling program at its Klippen Project in northern Sweden. This effort focuses on a historic anomaly rich in gold, arsenic, copper, and zinc, with up to 120 drill holes planned to systematically investigate a 1 km zone. The program is based on geophysical data analysis and ice flow direction, aiming to uncover the primary source of the anomaly.
In August 2024, FNM completed the acquisition of the Oijärvi Gold Project in Finland, a 17,600-hectare greenstone belt land package that includes the high-grade Kylmäkangas gold deposit. This strategic move was facilitated by a transaction with Agnico Eagle Mines Limited, resulting in Agnico Eagle becoming a 13.3% shareholder of FNM. The acquisition enhances FNM's portfolio, positioning it as a leading gold developer in Sweden and Finland.
These developments underscore First Nordic Metals' commitment to expanding its exploration activities and strengthening its leadership team, setting the stage for a transformative year in 2025.
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.
