First Nordic Metals Corp. (TSXV: FNM) (FNSE: FNMC SDB) (OTCQB: FNMCF) (FRA: HEG0) announced the acquisition of the Nordic business unit (“NBU Acquisition”) of EMX Royalty Corporation (“EMX”), a long-standing technical partner on several of First Nordic’s key assets.
This NBU Acquisition includes EMX’s regional infrastructure in northern Sweden (including an exploration camp), an extensive inventory of exploration equipment, and the full integration of EMX’s seasoned Nordic technical team; this consolidates the operational platform that has played a pivotal role in advancing First Nordic’s exploration activities across Sweden and Finland.
Strategic Benefits & Key Highlights
The acquisition further deepens First Nordic’s capabilities and enhances project continuity. It supports the Company’s commitment to long-term growth, operational efficiency, and community engagement in the Nordics. Key benefits include:
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Highly experienced Nordic team: Proven track record in geological evaluation, permitting, and logistics across the region.
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A dedicated operational hub: An upgraded year-round exploration camp in Malå, Sweden, located near the Geological Survey of Sweden’s drill core repository.
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Comprehensive exploration asset package: Includes vehicles, handheld and robotic XRF (x-ray fluorescence) units, ground magnetometers, mobile core logging infrastructure, and modern digital tools for data acquisition and interpretation.
Transaction Terms
Under the terms of the agreement signed on May 30, 2025, First Nordic will acquire the EMX Nordic business unit and related assets for a total consideration of 3.25 million SEK (~US$335,000), payable over two years in equal parts cash and First Nordic common shares, structured as follows:
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1.05 million SEK (~US$108,000) paid upon closing.
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1.20 million SEK (~US$124,000) paid on the first anniversary of the agreement
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1.00 million SEK (~US$103,000) paid on the second anniversary of the agreement.
EMX will retain a 1% net smelter return (NSR) royalty on any new projects organically generated (i.e. newly staked) by First Nordic in Sweden and Finland within five years.
The structure allows First Nordic to expand operations with minimal upfront capital while maintaining full strategic and operational control.
As per TSX Venture Exchange (the “TSXV”) policies, the NBU Acquisition constitutes a non-arm’s length transaction due to a shared director (H. Lundin). The transaction remains subject to TSXV approval. All shares issued will be subject to a statutory four month and one day hold in accordance with applicable Canadian securities laws. No finder’s fees are payable in connection with the transaction.
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