Transaction Information
SEK 17.5 million
Sole Manager and Bookrunner
About Arctic Minerals
Arctic Minerals is a mineral exploration and development company exploring for copper, silver, gold and critical minerals in the Nordics (Sweden, Norway and Finland).
Background and rationale
In March 2025, Arctic Minerals announced an initial JORC compliant Inferred Mineral Resource Estimate at the Hennes Bay copper silver project in Dalsland, comprising 55.39 million tonnes at 1.0 percent copper equivalent (0.8 percent copper and 20.8 grams per tonne silver), corresponding to a total metal content of 447,000 tonnes of copper and 1,049 tonnes of silver. This initial Mineral Resource Estimate is based solely on the Dingelvik prospect, where mineralisation remains open in multiple directions. Five additional prospects, Asselbyn, Henneviken, Baldersnäs, Åsnebo and Härserud Norra, have defined zones of mineralisation from historical drilling and are now prioritised for potential inclusion in future updates.
Over the past two years, extensive technical work including relogging and reassaying of historical core, surface mapping and reinterpretation of geophysical data have been carried out. These efforts confirm the potential for significant resource growth and the presence of a sediment-hosted stratiform copper mineral system, a deposit type that globally accounts for 20 to 25 percent of copper production and reserves.
Looking ahead, structural mapping, airborne geophysics and further development of the geological model are planned. These activities will form the basis for drill programs aimed at resource expansion and the identification of high-grade copper zones associated with rift dynamics. With a strong geological foundation and clear growth potential, the Company now enters a new phase focused on scalability, value creation and continued definition of the Hennes Bay Project.
Website: https://arcticminerals.se/en/
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