Press Releases

Financial Report Second Quarter 2018

Second Quarter 2018 (April - June)

  • Exploration and evaluation costs for second quarter amounts to 5.4 (0.0) msek
  • After-tax profit for second quarter amounts to -6.2 (-0.5) msek
  • Profit per share for second quarter amounts to -0.50 (-0.06) sek 

First Six Months 2018 (January - June)

  • Exploration and evaluation costs for first six months amounts to 6.4 (0.0) msek
  • After-tax profit for first six months amounts to -7.3 (-0.5) msek
  • Profit per share for first six months amounts to -0.58 (0.07) sek

Significant events in the reporting period

  • Drill program of 2,465 meters completed in Joma fields in Norway
  • Work with regulatory plan initiated for Joma
  • Exploration permit obtained for previous copper and zinc mine in Gjersvik approx. 24 km from Joma mine
  • Direct share issue of 7.5 msek to Canadian investor Vilhelmina Minerals Inc. completed
  • Company has applied for listing of Company's share at market place NGM Nordic MTF in Stockholm

Significant events after the reporting period

  • Dividend in kind of subsidiary Upgrade Mineral AB approved at extra shareholder's meeting
  • Incentive program with warrants to key staff approved at extra shareholder's meeting

Financial reporting calendar

  • Financial reporting for the period January - September 2018 will be published on November 13, 2018
  • Financial reporting for the period January - December 2018 will be published on February 12, 2019
  • Annual report 2018 will be published on March 15, 2019
  • Annual general meeting 2019 will be held on April 25, 2019

For the full report, see attached document.

Stockholm, August 14, 2018

Michael Timmins
Chairman

Peter Hjorth
CEO and director

Jonas Dahllöf
COO and director

Leslaw Kwasik
Director

Scott Moore
Director

Neil Said
Director 

For additional information please contact:
Peter Hjorth, VD, Vilhelmina Mineral AB (publ)
E-post: info@vilhelminamineral.com
www.vilhelminamineral.com

Vilhelmina Mineral in short
Vilhelmina Mineral AB (publ), ("the Company"), is a Swedish company active in exploration and mining in the Nordic region, focusing on base metals, mainly copper and zinc. The company's goal is to develop the current deposits and start mining operations in the next few years. The company's main projects consist of the Swedish projects Stekenjokk and Levi in Västerbotten and the Norwegian project Joma located in Trøndelag. For Stekenjokk and Levi, an application for exploitation concession is submitted to the Swedish authorities. In the case of the Joma, the first step in the Norwegian equivalent of exploitation concession has been obtained ("utvinningsrett"). In addition to the main projects, there are a number of smaller satellite projects in the form of Swedish Jormlien and Ankarvattnet, as well as Norwegian Gjersvik. The operations are organized in the Swedish parent company Vilhelmina Mineral AB (publ) and in the half-owned Norwegian subsidiary Joma Gruver AS. More information about the Company is available at www.vilhelminamineral.com.

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
2018-09-27
Regulatory

Swedish junior resource company Vilhelmina Mineral AB (publ) (the "Company") has from Nordic Growth Market NGM AB obtained a conditional approval for listing on multilateral trading platform Nordic MTF in Stockholm. First trading day is estimated to November 29, 2018. Vilhelmina Mineral AB (publ) will be traded under ticker code VILHEL MTF.

2018-08-29
Regulatory

Swedish junior resource company Vilhelmina Mineral AB (publ) (the "Company") is reporting new drilling results from the Joma Project in Røyrvik municipality in central Norway. This drilling program tested exploration and brownfield targets in and nearby Joma. The Joma Mine is an historic producer of copper (Cu) and zinc (Zn) from a volcanogenic massive sulfide-type deposit that operated from 1972 to 1998, mining 11.5 Mt at 1.49% Cu and 1.45% Zn. The Joma Project includes the Joma Mine and proximal areas held as exploitation concessions and exploration permits by Joma Gruver AS which is a jointly owned company between Vilhelmina Mineral AB (publ) and Joma Næringspark AS. Results from new drilling program include several intersections with significant length and grade, supporting the Company's plans to embark on studies to evaluate potential economics from residual resources in the mine area.

2018-08-14
Regulatory

Second Quarter 2018 (April - June)

  • Exploration and evaluation costs for second quarter amounts to 5.4 (0.0) msek
  • After-tax profit for second quarter amounts to -6.2 (-0.5) msek
  • Profit per share for second quarter amounts to -0.50 (-0.06) sek 

First Six Months 2018 (January - June)

  • Exploration and evaluation costs for first six months amounts to 6.4 (0.0) msek
  • After-tax profit for first six months amounts to -7.3 (-0.5) msek
  • Profit per share for first six months amounts to -0.58 (0.07) sek
2018-07-23
Regulatory

The shareholders of Vilhelmina Mineral AB (publ), reg. no. 556832-3876, (hereinafter the "Company") are hereby invited to the extraordinary general meeting to be held on 2 August 2018 at 3:00 p.m. in Hamilton Lawfirms's facilities at Hamngatan 27 in Stockholm.