Grängesberg Exploration AB agreed to acquire Metallvärden i Sverige AB (publ.)(NGM:GRANGX) in a reverse merger transaction on June 2019. Under the term, 1.5 billion shares of Metallvärden were issued at a price of SEK 0.04 per share amounted to SEk 60 million to Grängesberg Exploration. Post completion, Metallvärden name will be changed to Grängesberg Exploration Holding. The transaction was approved by the shareholder of Metallvärden on the extraordinary general meeting on November 5, 2020.

Grängesberg Exploration AB completed the acquisition of Metallvärden i Sverige AB (publ.)(NGM:GRANGX) in a reverse merger transaction in November, 2020. The shares were transferred on December 9, 2020.