Mawson Finland Announces Brokered Private Placement for Up to C$5,000,000

Mawson Finland Announces Brokered Private Placement for Up to C$5,000,000

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Mawson Finland Limited (" Mawson " or the " Company ") (TSXV: MFL) is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (the " Agent ") to act as lead agent and sole bookrunner in connection with a "best efforts" private placement financing (the " Offering ") for aggregate gross proceeds of up to C$5,000,000 from the issuance and sale of up to 2,631,579 common shares of the Company (each, a " Share ") at a price of C$1.90 per Share (the " Offering Price ").

The Company intends to use the net proceeds from the Offering to continue exploring and advancing its flagship Rajapalot Gold-Cobalt Project and for general working capital purposes.

All Shares issued pursuant to the Offering will be subject to a four-month hold period from the date of closing. The Offering is expected to close on or about March 5, 2025 , and is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy securities in the United States , nor in any other jurisdiction.

About Mawson Finland Limited

Mawson Finland Limited is an exploration stage mining development company engaged in the acquisition and exploration of precious and base metal properties in Finland . The Company is primarily focused on gold and cobalt. The Company currently holds a 100% interest in the Rajapalot Gold-Cobalt Project located in Finland . The Rajapalot Project represents approximately 5% of the 100-square kilometre Rompas-Rajapalot Property, which is wholly owned by Mawson and consists of 11 granted exploration permits for 10,204 hectares and 2 exploration permit applications and a reservation notification area for a combined total of 40,496 hectares. In Finland , all operations are carried out through the Company's wholly owned Finnish subsidiary, Mawson Oy. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot.

Additional disclosure including the Company's financial statements, technical reports, news releases and other information can be obtained at mawsonfinland.com or on SEDAR+ at www.sedarplus.ca .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.   No securities regulatory authority has reviewed or approved of the contents of this news release.

Forward-looking Information

This news release includes certain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information") which are not comprised of historical facts. Forward-looking information includes, without limitation, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "aims", "may", "could", "would", "will", "must" or "plan". Since forward-looking information is based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, and management of the Company believes them to be reasonable based upon, among other information, the contents of the Company's technical report on the Rajapalot Project, entitled NI 43-101 Technical Report on a Preliminary Economic Assessment of the Rajapalot Gold-Cobalt Project, Finland , with an effective date of December 19, 2023 (the " PEA "), and the exploration information disclosed in prior news releases, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, any expected additional exploration of the Rompas-Rajapalot property, any expected receipt of additional assay results or other exploration results and the impact upon the Company thereof, the estimation of mineral resources, exploration and mine development plans, including drilling, soil sampling, geophysical and geochemical work, any expected search for additional exploration targets and any results of such searches, potential acquisition by the Company of any property, all values, estimates and expectations drawn from or based upon the PEA, statements concerning the Company's expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, and the completion of the Offering, on the terms described or at all, and the date of such completion. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: any change in industry or wider economic conditions which could cause the Company to adjust or cancel entirely its exploration plans, failure to identify mineral resources or any additional exploration targets, failure to convert estimated mineral resources to reserves, any failure to receive the results of completed assays or other exploration work, poor exploration results, the inability to complete a feasibility study which recommends a production decision, the preliminary and uncertain nature of the PEA, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, including the approval of the TSX Venture Exchange for the Offering, any inability of the Company to complete the Offering on the terms described herein or at all, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE Mawson Finland Limited

Cision View original content: http://www.newswire.ca/en/releases/archive/February2025/12/c6921.html

News Provided by Canada Newswire via QuoteMedia

MFL:CC
The Conversation (0)
Mawson Finland Announces Closing of Brokered Private Placement for $6.0 Million

Mawson Finland Announces Closing of Brokered Private Placement for $6.0 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Mawson Finland Limited (" Mawson " or the " Company ") (TSX-V: MFL) is pleased to confirm the closing of its previously announced brokered private placement financing (the " Offering ") for gross proceeds of C$6,000,000.50 from the issuance and sale of 3,157,895 common shares of the Company (each, a " Share ") at a price of C$1.90 per Share (the " Offering Price ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Mawson Finland Announces Upsize of Brokered Private Placement

Mawson Finland Announces Upsize of Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Mawson Finland Limited (" Mawson " or the " Company ") (TSXV: MFL) is pleased to announce that due to significant demand, it has entered into an agreement with Stifel Nicolaus Canada Inc. (the " Agent ") to upsize its previously announced "best efforts" private placement financing (the " Offering ") to up to C$6,000,000 in gross proceeds from the issuance and sale of up to 3,157,895 common shares of the Company (each, a " Share ") at a price of C$1.90 per Share (the " Offering Price ").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - MFL

Canadian Investment Regulatory Organization Trade Resumption - MFL

Trading resumes in:

Company: Mawson Finland Limited

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Mawson Finland Begins 2025 Drill Program, Mobilizing Multiple Drill Rigs at Rajapalot

Mawson Finland Begins 2025 Drill Program, Mobilizing Multiple Drill Rigs at Rajapalot

Mawson Finland Limited ("Mawson" or the "Company") (TSX-V:MFL) is pleased to announce the mobilization of four diamond drill rigs, and a ‘base-of-till' (BOT) drilling rig to site, kicking-off the 2025 drill program at the Company's wholly-owned Rajapalot gold-cobalt project in Finland

Highlights:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Mawson Passes the Verification Process for Sustainable Exploration in Finland

Mawson Passes the Verification Process for Sustainable Exploration in Finland

Mawson Finland Limited ("Mawson" or the "Company") (TSX-V:MFL) is pleased to announce that Mawson Finland Limited's 100% owned Finnish subsidiary, Mawson Oy, through which the Rajapalot project is managed, has successfully, and with high marks for performance passed the verification process of Finnish Standard for Sustainable Exploration. The verification process was finalized during December 2024

The mining industry's sustainability is monitored and developed through the international Towards Sustainable Mining standard ("TSM"). The purpose of implementing the standard is to encourage industry to adopt and develop more responsible practices. Responsible Mining and Exploration tools, such as social, environmental and safety responsibility reporting, have been developed in collaboration with the Sustainable Mining Network.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Altech Batteries Ltd  Comprehensive Review of Operations and Half Year Report

Altech Batteries Ltd Comprehensive Review of Operations and Half Year Report

Perth, Australia (ABN Newswire) - Altech Batteries Ltd (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to present a comprehensive review of its operations for the six months ending 31 December 2024. This period has been marked by significant achievements and strategic advancements across various facets of the Company.

CERENERGY(R) Salt Battery Project:

Altech announced that its first CERENERGY(R) ABS60 battery prototype is online and operating successfully. The completed battery unit has passed all physical tests with flying colours. The prototype was installed at Altech's joint venture partner Fraunhofer IKTS' test laboratory in Dresden, Germany, and integrated into a specially designed battery test station. This setup enables continuous daily charging and discharging cycles to assess the battery's efficiency, stability, and overall performance under real-world conditions.

Altech, through its Germany subsidiary Altech Batteries GmbH ("ABG"), announced the appointment of global big four professional services firm ("funding adviser") to assist in securing finance for the construction of Altech's 120MWh CERENERGY(R) battery manufacturing plant in Germany. The project's financing strategy is structured across three key areas: debt, equity, and grants.

These sources will cover not only the capital expenditures but also financing costs, working capital, debt service coverage, and an additional contingency for potential business interruptions.

Altech announced the execution of the first Offtake Letter of Intent between Zweckverband Industriepark Schwarze Pumpe (ZISP) and Altech Batteries GmbH. Under this Offtake Letter of Intent (LOI), ZISP will purchase 30MWh of energy storage capacity annually, consisting of 1MWh GridPacks, for the first five years of production. The price of these batteries has been agreed and aligned to Altech's Definitive Feasibility Study assumptions. The purchase of these batteries is subject to performance tests, battery specifications and the batteries meeting customer requirements. This offtake LOI constitutes an important aspect of the financing process.

Altech announced the execution of a second Offtake Letter of Intent between Referenzkraftwerk Lausitz GmbH (RefLau) and Altech Batteries GmbH. Reflau is a joint venture between utility companies Enertrag SE (Enerttag) and Energiequelle GmbH.

Under this Offtake Letter of Intent (LOI), RefLau will purchase 30 MWh of CERENERGY(R) energy storage capacity in the first year, then 32 MWh per year thereafter for the next four years of production. As part of the LOI, it was further agreed that Altech will purchase green electricity at competitive prices directly from the partners in the region for the planned production plant.

Altech announced the execution of a third offtake Heads of Agreement (HOA) between Axsol GmbH (Axsol) and Altech Batteries GmbH. Axsol is a leading, award-winning provider of integrated renewable energy solutions and is based in Germany. Axsol leverages its expertise in diverse battery technologies and systems, alongside specialised equipment, to seamlessly integrate solar, wind, hydrogen energy and fuel cell solutions. These advanced energy systems ensure safe and reliable energy supply across multiple industries. Altech has entered into an exclusive distribution agreement with Axsol to supply the western defence industry with CERENERGY(R) battery technology. As a certified supplier to NATO and select western allied forces, Axsol's involvement will streamline qualification procedures, enabling early market entry and sales of CERENERGY(R) batteries. These highly robust, durable and non-flammable batteries are ideally suited for defence applications and government agencies.

Silumina AnodesTM Battery Materials Project:

Altech achieved a remarkable milestone in its Silumina AnodesTM battery material technology. The Company announced an average 55% surge in lithium battery anode energy capacity, marking a significant breakthrough. By utilising its innovative proprietary technology, Altech has now improved on the previous 30% energy increase, by blending alumina-coated silicon particles (10%) with battery-grade graphite, to create a composite graphite/silicon anode for the lithium-ion battery electrode.

Upon activation, this composite material has now exhibited a remarkable 55% increase in capacity compared to the traditional graphite-only anode material.

Update of High Purity Alumina Project

Stage 1 and Stage 2 construction of the Johor HPA plant is completed. The project is currently on care and maintenance.

*To view the full report, please visit:
https://abnnewswire.net/lnk/54726BT2



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
New Lithium Targets in Eastern Greenland Identified by Brunswick Exploration

New Lithium Targets in Eastern Greenland Identified by Brunswick Exploration

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce that, as compilation work by the BRW team continues, it has identified new high potential areas in Greenland and has proceeded to immediately apply for a mineral license covering these targets. BRW is the only company delineating the lithium potential of the country.

Mr. Killian Charles, President and CEO of BRW, commented: "I am particularly pleased to continue expanding our portfolio in a country which has significant untapped exploration potential. Our Greenland lithium portfolio benefits from cost-effective exploration programs with little to no overburden, allowing for rapid testing similar to our first Greenlandic lithium discovery in late 2024.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Vanadiumcorp Approved to Settle Debt for Shares

Vanadiumcorp Approved to Settle Debt for Shares

(TheNewswire)

VanadiumCorp Resource Inc.

Vancouver, British Columbia TheNewswire 1 2 March 2025 VanadiumCorp Resource Inc. (TSX-V: VRB) (FSE: NWNA) (OTC: VRBFF) ("VanadiumCorp" or the "Company"), further to its February 19, 2025 news release the Company is pleased to announced that it has received approval from the TSX Venture Exchange to settle $74,174.59 of debt by issuing 593,397 $0.125 common shares of the Company.  The Company has now issued 595,397 $0.125 common shares to various creditors.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
AMERICAN SALARS LITHIUM PORTFOLIO HEDGED AMID TRUMP TARIFF CONCERNS

AMERICAN SALARS LITHIUM PORTFOLIO HEDGED AMID TRUMP TARIFF CONCERNS

(TheNewswire)

American Salars Lithium Inc

VANCOUVER, BC TheNewswire - MARCH 12 th 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) states its commitment to strengthening the United States lithium supply, a critical mineral essential for electric vehicles, energy storage, and advanced manufacturing. As demand for domestic lithium sources grows, securing reliable resources is vital for the nation's clean energy and technology future. With the potential for new tariffs on lithium imports under the Trump administration, American Salars has positioned itself to secure a stable, tariff-free lithium supply through its Black Rock South Lithium Project in Nevada.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Coniagas Exploration Plan: Defining New Drill Targets and Optimizing Infill Holes

Coniagas Exploration Plan: Defining New Drill Targets and Optimizing Infill Holes

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC TheNewswire - March 11, 2025 Coniagas Battery Metals Inc. (TSXV: COS) ("Coniagas" or the "Company"), is working with Laurentia Exploration to fine tune the next drill program with both infill drilling and step-out holes on the Graal property, the Company's strategically located asset near Saguenay-Lac St. Jean, Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Saga Metals Expands Drilling at Radar Project, Unveiling a Large Mineralized Layered Mafic Intrusion

Saga Metals Expands Drilling at Radar Project, Unveiling a Large Mineralized Layered Mafic Intrusion

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the successful execution of its 2025 maiden drill program at the Radar Project, located near the town of Cartwright in Labrador, Canada. This program confirmed a large mineralized layered mafic intrusion with early indications suggesting it is completely undeformed and contains its original primary magmatic textures from over 1 billion years ago. The Dykes River intrusion (Gower 2017), which hosts the entirety of the Radar Ti-V project, has been historically mapped over an area of 160km 2 which is similar in size to Greenland's Skargaard intrusion. This size underscores the immense untapped potential of the region for hosting critical metals, including vanadium and titanium, essential to the global green energy transition.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×