Mawson Shareholders Approve Arrangement with First Nordic Metals Corp.

Executive Summary

• Shareholders approved Mawson Finland Ltd.’s proposed business combination with First Nordic Metals Corp., with 100% of votes cast in favour.
• The arrangement will result in all Mawson common shares being exchanged for 1.7884 First Nordic shares (post‑consolidation), making Mawson a wholly‑owned subsidiary of First Nordic.
• Closing is expected around December 16, 2025 pending court approval and satisfaction of remaining conditions; Mawson’s TSX‑V shares will be delisted thereafter.

Key Details

• Shareholder Vote: 11,568,435 common shares voted (52.09% of outstanding), 100% in favour of the Arrangement.
• Court Hearing: Ontario Superior Court hearing scheduled for December 8, 2025; final approval required.
• Exchange Ratio: 1 Mawson share → 1.7884 First Nordic shares after a planned 4‑for‑1 consolidation of First Nordic (equivalent to 7.1534 pre‑consolidation).
• Closing Timeline: Anticipated on or about December 16, 2025, subject to condition satisfaction/waivers.
• Post‑Closing Structure: Mawson becomes a direct wholly‑owned subsidiary of First Nordic; its shares will be delisted from the TSX Venture Exchange.
• Reporting Status: Application will be made for Mawson to cease being a reporting issuer in all jurisdictions on closing date.
• Reference Documents: Management Information Circular dated October 29, 2025 filed on SEDAR+; Arrangement Agreement also available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)