Erik Wetterling – Value Proposition In Swedish Resource Companies – First Nordic Metals, District Metals, And Mawson Gold
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss three junior resource companies with assets in Sweden that have important news catalysts in 2025, where he is attracted to their current value proposition.
We start off discussing the large research article that Erik wrote and released to his subscribers last week on First Nordic Metals Corp. (TSXV: FNM) (OTCQB: FNMCF). We get into the underpinning of value at the 3 million ounce Barsele deposit in a JV with Agnico Eagle, and then all the potential upside for this year’s coming exploration program at their 100% owned Paubäcken, Storjuktan, and Klippen Projects. Another upcoming catalyst will be the listing of First Nordic Metals on the Swedish stock exchange in 2025.
Next we pivot over to a recent news out on the lifting of the uranium moratorium by the government of Sweden, and how that portends to opportunity for both District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) and for the recently announced spinout of the Swedish hard rock uranium assets from Mawson Gold Limited (TSX.V:MAW) (OTC PINK:MWSNF). In addition to the potential value drivers of the uranium assets held by both companies, there is also the similar catalyst of getting listed on the Swedish stock exchange to bring in more in-country investors.
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording. Additionally, Shad holds a position in First Nordic Metals at the time of this recording.
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Click here to visit Erik’s site – The Hedgeless Horseman
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Click here to read over Eriks’ research report on First Nordic Metals
Hi Mike. Just for clarity Agnico Eagle only owns 11% of First Nordic Metals a key stakeholder.
It is only on the Barsele JV where Agnico owns 55% and First Nordic owns 45%.
However First Nordic owns 100% of the Paubäcken, Storjuktan, and Klippen Projects, which is where their exploration focus will be this year. They also own 100% of the rest of the 100km Gold Line Belt.
It would likely be long after First Nordic Metals has explored and delineated deposits at their other targets before Agnico Eagle would make a buyout attempt on the whole company, as they would want to see the potential for multiple mines and more upside that the 3 million ounces defined at present at Barsele.
Now, as Erik mentioned, if Agnico can keep growing Barsele to 5-10 million ounces, then maybe it gets to the point where they want to buy out the FNM interest in that project or the whole company, but there can be a lot of value creation between now and that point in time.
Mako Mining with a banger of a press release here on the last day of the year, taking out the bankrupt Golden Vertex position from Elevation Gold.
The operations team at Mako Mining has already shown they can make a difficult mine work in Nicaragua, and also picked up the development stage Eagle Mountain Gold project in Guayana earlier this year by taking over Goldsource Mines. Now they are going to reboot the Moss Mine in Arizona, and I have far more confidence in their team to execute than the prior operators which perpetually struggled.
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Mako Mining Announces Its Intent to Acquire the Moss Mine in Arizona Expanding its Operations in the Americas
December 31, 2024
https://www.makominingcorp.com/news-media/press-releases/index.php?content_id=695
Happy End of the Year…………………. 2024… BYE BYE……………
The Republic…. We THE PEOPLE….. kind of a JOKE……
The Zionist and Bankersters have had their way , far to long…
I doubt the Sheeple have a clue….
Silver was a sorry sight… Looks like it did not hit the $35 Year End Close as Old Turd explained.
All is good , If, you know where to look………..
Have a great Finish……….. !!
Hi Jerry, are you from Finland, tax loss selling is over, finally! LOL! DT 🤣
Only the Little People pay taxes….. lol…….
Hoping your 2025 yr. is a Great One, DT….
A very HEALTHY & HAPPY new year to everyone at the KER.
CHEERS………….
Bought me a 4 pack of
Guinness……..for the first time in a long time…. Thought of you when I pulled it off the shelf… 🙂
Hi Jerry.. CHEERS … a four pack…. you lightweight… double-up…. & claim your Irish…………………lol
🙂
FREAKY FRIDAY NUMBERS ARE OUT>……………………….. GOT A HOME…..
On Friday, the U.S. Department of Housing and Urban Development revealed that the homeless population in the U.S. jumped 18 percent in just one year…
Homelessness in the United States soared to the highest level on record, according to government data released Friday.
More than 770,000 people experienced homelessness in 2024, an 18% increase from 2023, the US Department of Housing and Urban Development reported. It was the largest annual increase since HUD began collecting the data in 2007 (excluding
WALL STREET IS FULL OF DRUGS… along with the GOVT…
Wall Street is full of scamers & thieves …………… most from a certain tribe…. the name stealers.
Ditto………… ONE BIG CON………….
With S.Americans moving here, there is cheap property down south in Guatamala, Honduras, etc for homeless Americans.
Erik – FNMCF sounds interesting but Agnico Eagle owns 49% of it and I wonder if things go really well won’t they swoop in and buy the rest on the cheap? They are highly skilled at that kind of buyout, so far I tend to loose when they get involved.