Heiko Ihle

Dan Ellsworth

Raj Ray

Alfredo

Bereket Berhe

- First Nordic Metals Corp. and Mawson Finland Limited have entered into a definitive arrangement agreement dated **September 14, 2025**, to merge, forming **NordCo Gold**.  **[1377757_bec122cfae184611adda345b98734f89_0]**  This transaction aims to create a leading Nordic gold developer and explorer, consolidating a large gold development and exploration portfolio in Sweden and Finland.  **[1377757_bec122cfae184611adda345b98734f89_0]** **[1377757_bec122cfae184611adda345b98734f89_1]** 
- The combined entity is expected to have **2.1 Moz AuEq** in inferred and **0.3 Moz AuEq** in measured & indicated attributable resources.  **[1377757_bec122cfae184611adda345b98734f89_1]**  NordCo Gold's basic market capitalization is projected to be **C$259 million**, with an approximate **C$50 million** cash balance upon completion of a concurrent **C$30 million** financing.  **[1377757_bec122cfae184611adda345b98734f89_1]** 
- Under the terms, Mawson shareholders will receive **1.7884** NordCo Gold common shares for each Mawson share, following a **1-for-4** share consolidation by First Nordic.  **[1377757_bec122cfae184611adda345b98734f89_5]**  The new leadership team will include **Peter Breese** as Incoming Chairman and **Russell Bradford** as the new CEO.  **[1377757_bec122cfae184611adda345b98734f89_1]** **[1377757_bec122cfae184611adda345b98734f89_3]**

Galiano Gold (GAU)