Arctic Minerals (ARCT) H1 2025 earnings summary

Executive summary

• Achieved a maiden Mineral Resource Estimate (MRE) for Hennes Bay: 55.39Mt at 1.0% CuEq, containing 447,000t copper and 37Moz silver, confirming significant project scale and growth potential.

• Initiated multiple exploration activities at Hennes Bay, including airborne Magneto-Telluric (MMT) surveys and structural mapping, to expand resources and target high-grade zones.

• Completed a directed share issue raising approximately MSEK 17.5 before transaction costs, with proceeds received in July 2025.

• Expanded Advisory Committee with experienced industry professionals.

Financial highlights

• Result after tax for January–June 2025 was MSEK -8.3, compared to MSEK -1.7 for the same period last year.

• Earnings per share for the period were SEK -0.21, down from SEK -0.01 year-over-year.

• Cash and bank position at period end was MSEK 19.2, up from MSEK 2.8, not fully reflecting the June share issue proceeds.

• Shareholders’ equity as of 30 June 2025 was MSEK 111.7, up from MSEK 47.0 year-over-year.

• Cash flow from operating activities was MSEK -11.4; cash flow from financing activities was MSEK 17.6.

Outlook and guidance

• Ongoing exploration at Hennes Bay aims to expand the MRE and identify new high-grade copper-silver zones.

• Results from current geophysical and mapping activities expected in Q3 2025 to inform future drilling priorities.

• Planned work at Swan Lake includes field mapping, soil sampling, and geophysical surveys, with initial drill targets expected in 2026.