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Mawson Finland Restricted (” Mawson ” or the ” Firm “) (TSX-V: MFL) is happy to focus on the closing of First Nordic Metals Corp.’s (TSX-V: FNM, FNSE: FNMC SDB, OTCQX: FNMCF, FRA: HEG0) (” First Nordic “) $80 million financing which was comprised of a concurrent brokered and non-brokered providing of subscription receipts of First Nordic (the ” Subscription Receipts “) at a worth of $0.38 per Subscription Receipts. Please see First Nordic’s press launch dated October 15, 2025 for additional particulars.
On September 14, 2025, First Nordic and Mawson entered right into a definitive association settlement (the ” Association Settlement “) pursuant to which First Nordic agreed to accumulate all of the issued and excellent widespread shares of Mawson by the use of a plan of association (the ” Transaction “, with First Nordic following completion of the Transaction referred to herein as ” NordCo Gold “). Confer with the press launch of First Nordic and Mawson dated September 15, 2025 for additional particulars on the Transaction. Every Subscription Receipt entitles the holders thereof to obtain, for no extra consideration and with out additional motion on a part of the holder thereof, on the efficient time of the Transaction, one (1) widespread share of NordCo Gold (to be adjusted to replicate a 4:1 consolidation to be accomplished by First Nordic previous to completion of the Transaction).
Noora Ahola, President and Chief Govt Officer of the Firm, said, ” We’re happy that NordCo Gold will likely be well-capitalized following the closing of the Transaction with enough sources to advance First Nordic’s Barsele mission and Mawson’s Rajapalot mission. ”
Mawson pronounces that its upcoming particular assembly of shareholders (the ” Particular Assembly “) to vote on the Transaction has been scheduled for December 4, 2025. Mawson’s administration data round with respect to the Particular Assembly will comprise particulars of the Transaction and will likely be mailed to Mawson shareholders across the second week of November and also will be accessible at Mawson’s issuer profile on SEDAR+ at www.sedarplus.ca . Mawson encourages shareholders to vote as quickly as proxy supplies are made accessible to shareholders.
Topic to receipt of the approval of 66⅔% of the votes solid by Mawson shareholders on the Particular Assembly, approval of the Ontario Superior Court docket of Justice (Business Listing), remaining acceptance of the TSXV of the Transaction and satisfaction or waiver of the opposite closing situations set out within the Association Settlement, the Transaction is predicted to shut in December 2025.
In reference to the Transaction, First Nordic has agreed to supply bridge financing to Mawson within the type of a mortgage of as much as $1,000,000 to be superior occasionally to the Firm in such principal quantities as agreed to by the events (the ” Mortgage “). Advances below the Mortgage are meant for use for fee of varied prices associated to the Transaction and for common working capital and company functions.
Curiosity below the Mortgage accrues at 8% each year. The principal quantity excellent below the Mortgage and all accrued curiosity is due and payable by the sooner of the date upon which the Association Settlement is terminated and January 30, 2026. Neither the principal quantity nor the curiosity below the Mortgage is convertible into securities of Mawson and no mortgage bonus or finder’s charges are being paid by Mawson in reference to the Mortgage.
About Mawson Finland Restricted
Mawson Finland Restricted is an exploration stage mining improvement firm engaged within the acquisition and exploration of treasured and base metallic properties in Finland. The Firm is primarily targeted on gold and cobalt. The Company presently holds a 100% curiosity within the Rajapalot Gold-Cobalt Undertaking positioned in Finland. The Rajapalot Undertaking represents roughly 5% of the 100-square kilometres Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 13 granted exploration permits for 11,262 hectares. In Finland, all operations are carried out by way of the Firm’s absolutely owned subsidiary, Mawson Oy. Mawson maintains an energetic native presence of Finnish employees with shut ties to the communities of Rajapalot.
Further particulars associated to the Transaction is included within the Association Settlement which is out there below the Firm’s issuer profile on SEDAR+ at www.sedarplus.ca . Further disclosure together with the Firm’s monetary statements, technical studies, information releases and different data could be obtained at mawsonfinland.com or on SEDAR+ at www.sedarplus.ca .
Media and Investor Relations Inquiries
Please contact: Neil MacRae Govt Chairman at neil@mawsonfinland.com or +1 (778) 999-4653, or Noora Ahola Chief Govt Officer at nahola@mawson.fi or +358 (505) 213-515.
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch. No securities regulatory authority has reviewed or accepted of the contents of this information launch.
Ahead-looking Info
All statements, development evaluation and different data contained on this press launch about anticipated future occasions or outcomes represent forward-looking statements. Ahead-looking statements are sometimes, however not at all times, recognized by means of phrases resembling “search”, “anticipate”, “consider”, “plan”, “estimate”, “anticipate” and “intend” and statements that an occasion or outcome “could”, “will”, “ought to”, “may” or “may” happen or be achieved and different comparable expressions. All statements, apart from statements of historic truth, included herein, together with, with out limitation, statements relating to the Transaction, the closing of the Transaction and the timing and phrases thereof, the timing of the Particular Assembly and the supply of assembly supplies in connection therewith, , the usage of proceeds of the Mortgage, that NordCo Gold will likely be well-capitalized following the closing of the Transaction with enough sources to advance First Nordic’s Barsele mission and Mawson’s Rajapalot mission, statements with respect to the consolidation of the First Nordic shares, the approval of shareholders of Mawson of the Transaction, and the satisfaction or waiver of the situations to the Transaction, together with receipt of TSXV approval. Though Mawson believes that the expectations mirrored in such forward-looking statements and/or data are cheap, undue reliance shouldn’t be positioned on forward-looking statements because the Firm can provide no assurance that such expectations will show to be appropriate. These statements contain identified and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements, together with the dangers, uncertainties and different components recognized within the Firm’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the Firm’s means to finish the proposed Transaction; the Firm’s means to safe the required shareholder, securityholder, authorized and regulatory approvals required to finish the Transaction and the estimated prices related to the development of the every firms tasks. Ahead-looking statements are topic to enterprise and financial dangers and uncertainties and different components that might trigger precise outcomes of operations to vary materially from these contained within the forward-looking statements. Necessary components that might trigger precise outcomes to vary materially from the Firm’s expectations embody dangers related to the enterprise of First Nordic and Mawson; dangers associated to the satisfaction or waiver of sure situations to the closing of the Transaction; non-completion of the Transaction; dangers associated to reliance on technical data supplied by First Nordic and Mawson; dangers associated to exploration and potential improvement of the tasks; enterprise and financial situations within the mining business typically; fluctuations in commodity costs and forex trade charges; uncertainties referring to interpretation of drill outcomes and the geology, continuity and grade of mineral deposits; the necessity for cooperation of presidency companies and indigenous teams within the exploration and improvement of the tasks and the issuance of required permits; the necessity to get hold of extra financing to develop the tasks and uncertainty as to the supply and phrases of future financing; the opportunity of delay in exploration or improvement applications and uncertainty of assembly anticipated program milestones; uncertainty as to well timed availability of permits and different governmental approvals; and different threat components as recognized in First Nordic’s and Mawson’s filings with Canadian securities regulators on SEDAR+ (accessible at www.sedarplus.ca). Numerous assumptions or components are usually utilized in drawing conclusions or making the forecasts or projections set out in forward-looking data. These assumptions and components are primarily based on data presently accessible to Mawson. The forward-looking data contained on this information launch is made as of the date hereof and the Firm doesn’t undertake any obligation to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as required by relevant securities legal guidelines. The foregoing statements expressly qualify any forward-looking data contained herein. Mawson disclaims any intention or obligation to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, apart from as required by legislation.
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