First Nordic Metals Files Q2 2025 Financials

TORONTO, Aug. 29, 2025 /CNW/ - First Nordic Metals Corp. (the "Company" or "FNM") (TSXV:FNM) (FNSE: FNMC SDB) (OTCQB:FNMCF) (FRA: HEG0) announces the release of its unaudited consolidated financial statements and management discussion and analysis (the "Unaudited Financial Statements") for the three-month period ended June 30, 2025 ("Q2 2025").

Q2 2025 Highlights:

Announced positive base-of-till / top-of-bedrock ("BoT/ToB") drill results at the Nippas target, including assays of up to 2.66 g/t Au, and launched a 5,000 m Phase 1 diamond drill program targeting two priority corridors

Expanded the Aida target Phase 1 drill program from 5,000 m to 10,000 m following encouraging initial results

Completed geochemical surveying and BoT/ToB drilling programs at the Harpsund target, confirming a large, robust gold anomaly, preparing Harpsund for Phase 1 diamond drilling in H2 2025

Identified five new multi-kilometric gold anomalies across the Storjuktan project, bringing the total number of multi-kilometric gold targets on FNM's 100%-owned Gold Line Belt projects to ten

Announced the acquisition of EMX's Nordic Business Unit, establishing a dedicated operational hub in Malå, Sweden, and integrating an experienced Nordic technical team

Appointed seasoned mining executive Brendan Cahill to the Board of Directors

As of June 30, 2025, the Company's cash balance was C$2.7 million and current assets were C$4.3 million (cash + receivables, prepaids, etc.); subsequent to Q2 the Company ...