First Nordic Metals Corp. announced that it expects to receive CAD 8.1768 million in funding from Agnico Eagle Mines Limited

First Nordic Metals Corp. announced that it has entered into an agreement with Agnico Eagle Mines Limited to issue 27,954,872 common shares at an issue price of CAD 0.2925 per Common Share for total consideration of approximately CAD 8,176,800.06 on July 15, 2024. reAgnico Eagle currently owns 1,458,294 Common Shares, representing approximately 0.75% of the issued and outstanding Common Shares on a non-diluted basis.

On closing of the Transaction, Agnico Eagle will own 29,413,166 Common Shares, representing approximately 13.25% of the issued and outstanding Common Shares on a non-diluted basis. The transaction is expected to close on or about July 22, 2024.