First Nordic Metals (FNM) investor relations material

Strategic merger and capital raise

• Announced a merger between First Nordic and Mawson Finland, forming a Nordic-focused gold company with a 1/3, 2/3 structure.

• Raised a total of CAD 80 million, with CAD 68 million non-brokered, providing a strong treasury for long-term project development.

• New board and management team appointed, including experienced industry leaders and local expertise.

• Merger completion targeted for mid-December, allowing for planning and integration before execution.

• Focus shifting from exploration to development and execution, leveraging the new capital and team.

Asset portfolio and operational highlights

• Combined gold resources exceed 2.4 million oz, with additional cobalt credit from the Finland asset.

• Barsele Project (Sweden) is a 45/55 JV with Agnico Eagle, featuring 2.4 million oz inferred and strong infrastructure.

• Rajapalot Project (Finland) has just under 1 million oz, with a PEA completed in 2023 and permitting underway.

• Both projects benefit from excellent infrastructure, community relations, and environmental standards.

• Plans to update resource estimates and economic studies to reflect current gold prices and costs.

Management vision and execution plan

• Leadership team brings extensive project development and operational experience from global mining projects.

• Emphasis on local management and community engagement, with Noora Ahola leading Nordic operations.

• Execution plan for 2025 includes drilling, updated PEAs, and further asset evaluation.

• Careful planning and budgeting prioritized before moving into execution, with accountability to shareholders.

• Vision to build a significant Nordic gold company over the next decade, focusing on sustainable growth.