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Arctic Minerals’ cash flow and costs in the first half of 2021 corresponded to 40-50 percent of our full year forecast. The prices of the company´s main metals—gold and copper- have risen between 5.5 and 6 percent since our Initial Coverage Report on 10 March 2021. We adjust our target price for the Arctic Minerals share to SEK 1.06 in our Base case (previously SEK 1.11). This mainly reflect a potential share dilution effect in a new issue in 2022.

Lähde: Finwire News

Arctic Minerals is a Nordic junior exploration company, focusing on exploration for copper, zinc, gold and battery metals in Finland. The company name was earlier Arctic Gold but when the company Norrbotten Exploration was acquired in autumn 2017, the company was renamed Arctic Minerals. The acquisition and the new recruitments gave the group additional competence and strengths and a new focus on exploration in Finland.