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 favor.
• The arrangement will result in all Mawson 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 other 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 favor of the Arrangement.
• Court Approval: Final approval to be sought from the Ontario Superior Court of Justice (Commercial List) on December 8, 2025.
• Exchange Ratio: Each Mawson share will be exchanged for 1.7884 First Nordic shares after a planned 4‑for‑1 consolidation of First Nordic’s common shares (equivalent to 7.1534 pre‑consolidation shares per Mawson share).
• Closing Timeline: Anticipated closing on or around December 16, 2025, subject to satisfaction/waiver of remaining conditions.
• Post‑Closing Structure: Mawson becomes a direct wholly‑owned subsidiary of First Nordic; Mawson’s common shares will be delisted from the TSX Venture Exchange.
• Reporting Status: An application will be filed for Mawson to cease being a reporting issuer in all applicable jurisdictions at closing.
• Reference Documents: Arrangement Agreement dated September 14, 2025; Management Information Circular dated October 29, 2025 (available on SEDAR+).

Notable Quotes

(No direct quotes were provided in the release.)