Press Releases

Financial Report First Quarter 2019

First Quarter 2019 (January - March)

  • Exploration and evaluation costs for first quarter amounts to MSEK 2.1 (1.0)
  • After-tax profit for first quarter amounts to MSEK-2.2 (-1.0)
  • Profit per share for first quarter amounts to SEK -0.13 (-0.10)

Significant events in the reporting period

  • Plan program for Norwegian subsidiary has been approved by municipality of Røyrvik
  • Board member Scott Moore has been appointed chairman of the board
  • Permitting work for Stekenjokk and Joma continued
  • Swedbank Norway has been appointed financial advisor
  • Shares in subsidiary Upgrade Mineral Nordic AB has been spun out to shareholders via dividend in kind

Significant events after the reporting period

  • Permitting work for Stekenjokk and Joma has continued. The new round of hearing is expected to last during spring 2019
  • The annual general meeting has approved new articles of association and authorized the board to issue new shares or other financial instruments

Financial reporting calendar

  • Financial report for the period April - June will be published on August 9, 2019
  • Financial report for the period July - September will be published on November 8, 2019

For the full report, see attached document.

This information is such as Vilhelmina Mineral AB (publ) is obliged to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was provided, by the responsible contact person below, for publication on May 14, 2019 at. 11.45. This interim report has not been audited by the Company's auditor.

Stockholm May 14, 2019

For additional information please contact:

Peter Hjorth, VD, Vilhelmina Mineral AB (publ)
Email: info@vilhelminamineral.com
www.vilhelminamineral.com 

Vilhelmina Mineral är ett gruvutvecklingsbolag med fokus på utveckling av koppar- och zinkfyndigheter i Norden. I Sverige innehar bolaget Stekenjokk där mellan 1976 till 1988 bröt sammanlagt ca 7 miljoner ton malm. Enligt tidigare beräkning finns kvarvarande indikerad mineraltillgång om ca 7,4 miljoner ton med halter om 1,17% koppar, 3.01% zink och 47 g/ton Ag (vid cut-off halt 0,9% Cu). I Norge är bolaget delägare i Jomafältet där mellan 1972 till 1998 producerades ca 11,5 miljoner ton malm med en genomsnittlig halt av 1.5% koppar och 1.5% zink. Jomafältet (exklusive Gjersvik) uppskattas innehålla ytterligare indikerad mineraltillgång om ca 5,7 miljoner ton med halter 1,55% koppar och 0,82% zink (vid cut-off halt 0,8% Cu).

2019-05-14
Regulatory

First Quarter 2019 (January - March)

  • Exploration and evaluation costs for first quarter amounts to MSEK 2.1 (1.0)
  • After-tax profit for first quarter amounts to MSEK-2.2 (-1.0)
  • Profit per share for first quarter amounts to SEK -0.13 (-0.10)
2019-05-03
Regulatory

Vilhelmina Mineral AB (publ) ("the Company") has held an annual general meeting on May 3, at which the current members of the board, Scott Moore, Neil Said, Les Kwasik, Jonas Dahllöf and Peter Hjorth, were re-elected. Further, the board has been authorized to issue up to 33,000,000 new shares or other financial instruments.

2019-04-03
Regulatory

Vilhelmina Mineral AB (publ), reg. no 556832-3876, (hereinafter the "Company") has previously through the financial calender at the Company's website communicated April 25, 2019 as date for the annual general meeting. Due to administrative reasons, the date has been postponed and the shareholders are hereby invited to the annual general meeting to be held on May 3, 2019 at 4:00 p.m. in the Company's premises at Brahegatan 29 in Stockholm.

2019-03-01
Regulatory

The board of Vilhelmina Mineral AB (publ) ("Vilhelmina Mineral" or "the Company") has decided on record date for dividend in kind of the shares in the newly formed subsidiary Upgrade Mineral Nordic AB ("Upgrade Mineral"). The decision was made on the basis of authorization from the Extraordinary General Meeting on August 2, 2018. The record date for obtaining shares in Upgrade Mineral is March 7, 2019.

2019-02-12
Regulatory

Fourth Quarter 2018 (October - December)

  • Exploration and evaluation costs for fourth quarter amounts to MSEK 3.3 (1.1)
  • After-tax profit for fourth quarter amounts to MSEK-3.3 (-1.1)
  • Profit per share for fourth quarter amounts to SEK -0.22 (-0.11)

Full year 2018 (January - December)

  • Exploration and evaluation costs for the full year amounts to MSEK 11.0 (1.1)
  • After-tax profit for the full year amounts to MSEK -11.3 (-2.9)
  • Profit per share for the full year amounts to SEK -0.84 (-0.34)
2019-01-30
Regulatory

Swedish junior resource company Vilhelmina Mineral AB (publ) (the "Company") has appointed Scott Moore as new chairman of the board. Mr. Moore represents Canadian owner Vilhelmina Minerals Inc. which is indirectly controlled by Canadian investment company Forbes & Manhattan. Mr. Moore's predecessor as chairman, Michael Timmins, is leaving Forbes & Manhattan and thereby also his assignments in portfolio companies.

2019-01-17
Regulatory

Swedish junior resource company Vilhelmina Mineral AB's (publ) Norwegian subsidiary
Joma Gruver AS has obtained approval from Røyrvik municipality for its plan program for
the Joma mine industrial area. The plan program is stipulated by Norwegian law and is an
important step in the permitting process related to restart of mining activities in Joma.

2018-11-13
Regulatory

Third Quarter 2018 (July - September)

  • Exploration and evaluation costs for second quarter amounts to 1.3 (0.0) msek
  • After-tax profit for second quarter amounts to -1.3 (-1.3) msek
  • Profit per share for second quarter amounts to -0.09 (-0.15) sek

 First Nine Months 2018 (January - September)

  • Exploration and evaluation costs for first six months amounts to 7.7 (0.0) msek
  • After-tax profit for first six months amounts to -8.0 (-1.8) msek
  • Profit per share for first six months amounts to -0.64 (-0.21) sek
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