The board of directors of Artic Minerals AB (publ) ("Arctic Minerals" or the "Company") has resolved, with the support of the authorization obtained at the Company's extraordinary general meeting on 17 November 2022, on a directed new share issue with payment in cash of 9,689,100 shares, which will raise proceeds to the Company to SEK 5,329,005 before issue costs (the "Directed New Share Issue"). The subscription price in the Directed New Share Issue amount to SEK 0.55 per share.