Firesteel Resources has signed an agreement to acquire 100% of Nordic Mines Marknad, a subsidiary of Nordic Mines AB. The acquisition is expected to close in the first half of 2019.
Firesteel Resources has signed an agreement to acquire 100% of Nordic Mines Marknad, a subsidiary of Nordic Mines AB. Firesteel will acquire an initial 10% of NMM for €1m ($1.06m), with an option to pay €20m for a further 50% of the company, and the final 40% within 12 months of completing the earn-in stage.