01:43 PM EST, 12/02/2024 (MT Newswires) -- First Nordic Metals ( FNMCF ) on Monday said it is applying for a secondary listing of Swedish depository receipts, a financial instrument issued by a Swedish bank representing shares in a non-Swedish company, on Nasdaq First North Growth Market in Sweden.

First Nordic intends to complete the listing and start trading on Nasdaq First North during the first quarter of next year.

The decision to pursue a secondary listing on Nasdaq First North will enable Swedish investors to participate in First Nordic's growth more directly.

The company's flagship asset, the Barsele gold project in northern Sweden, is in a joint venture with Agnico Eagle Mines (AEM.TO).

First Nordic's shares were last seen down $0.01 to $0.30 on the TSX Venture Exchange.

Price: 0.30, Change: -0.01, Percent Change: -3.23