First Nordic Closes C$68 Million Upsized Non-Brokered Private Placement and C$12 Million Brokered Private Placement

Core Viewpoint - First Nordic Metals Corp. has successfully closed a non-brokered private placement and a brokered private placement, raising approximately C$80 million in total gross proceeds [1] Group 1: Private Placements - The non-brokered private placement raised approximately C$68 million by issuing 178,947,368 subscription receipts at a price of C$0.38 each [2] - The brokered private placement, led by Desjardins Capital Markets, raised approximately C$12 million by issuing 31,578,947 subscription receipts at the same offering price [3] Group 2: Transaction Details - First Nordic has entered into an arrangement agreement to acquire all common shares of Mawson Finland Limited, with the transaction expected to close in December 2025, pending shareholder and regulatory approvals [4][11] - Subscription receipts from both placements will convert into common shares of NordCo Gold, subject to a 4:1 consolidation prior to the transaction's completion [5] Group 3: Use of Proceeds - Proceeds from the offerings will be allocated for exploration programs, transaction costs, and general corporate purposes, with funds held in escrow until certain conditions are met [6] Group 4: Fees and Commissions - First Nordic will pay finder's fees totaling C$258,000 and issue 1,091,273 shares to finders for the non-brokered placement, along with a cash commission of C$720,000 to agents for the brokered placement [7] Group 5: Company Overview - First Nordic Metals Corp. is focused on gold exploration in Sweden and Finland, with significant assets including the Barsele gold project and a district-scale position in the Oijärvi greenstone belt [12]