First Nordic moves forward on EMX Nordic deal

Executive Summary

• First Nordic Metals Corp. reports that its conditional acquisition of EMX Royalty Corp.’s Nordic Business Unit (NBU) has been accepted by the TSX‑V and is progressing toward final approval, subject to standard conditions and Swedish foreign investment clearance expected by October 2025.
• The company also provides detailed fee disclosure for its previously closed “LIFE” best‑efforts financing that raised $15.42 million, confirming cash fees of $863,821 paid to agents and the issuance of 2,334,652 non‑transferable compensation options.

Key Details

• NBU Acquisition Status
• Transaction is non‑arm’s‑length due to a common director; required TSX‑V acceptance obtained conditionally.
• Remaining conditions are “standard for a transaction of this nature.”

• Final approval pending clearance under the Swedish Foreign Direct Investment Act, anticipated before end‑October 2025.

• Reference to Prior Announcement

• For background, see First Nordic’s press release dated June 2 2025 announcing the NBU acquisition.

• LIFE Offering Fee Disclosure

• Gross proceeds of the financing: $15,422,010 (units sold under NI 45‑106 exemption).
• Agent fees paid: $863,821 in cash.

• Additional compensation to agents: 2,334,652 non‑transferable options, each exercisable for one common share at the original issue price, valid for 24 months from closing.

• Implications

• The acquisition expands First Nordic’s control over key assets in Sweden and aligns with its strategy to build a European gold camp.
• Transparent fee disclosure satisfies regulatory requirements and informs shareholders of the cost structure of the recent financing.