First Nordic Metals Announces Corporate Update

First Nordic Metals Corp. has revealed updates on its acquisition plan and financial arrangements. The company is set to acquire Mawson Finland Limited through a planned arrangement, which involves a bridge financing agreement of up to $1,000,000 to Mawson. These funds will cover transaction-related costs and general corporate expenses. The loan bears an 8% annual interest and is due by January 30, 2026, if the acquisition does not finalize by then. The closing is expected around mid-December 2025.

Furthermore, First Nordic has agreed to issue C$1 million in common shares to Taj Singh. This follows his departure as the company's CEO upon announcing the acquisition plan. These shares, priced at C$0.38 each, require TSX Venture Exchange's approval before issuance.