Shares of a junior gold, cobalt, and uranium mining company, Mawson Finland, have seen a significant increase of 160 per cent on their first day of trading on the TSX Venture Exchange.
This surge in stock value is a result of Mawson Gold’s previously announced strategy to split into three separate public companies in order to enhance shareholder value.
Mawson Finland is specifically focused on acquiring precious and base-metal properties in Finland. The company’s stock is currently trading at C$2.60 per share as of 10:56 am ET.
An investment in Mawson Finland provides exposure to its Rajapalot gold and cobalt project in Lapland, Finland, which boasts inferred resources of 867,000 ounces of gold and 4,310 tons of cobalt. The company’s 2023 preliminary economic assessment (PEA) details a promising scenario of gold production with high value potential.
The net proceeds from the IPO will be allocated towards completing a revised PEA for the Rajapalot project, as well as general working capital purposes. Eight Capital served as the agent on the IPO.
Mawson Finland is a junior mining stock focused on precious and base-metal properties in Finland, with additional projects including the Rompas project, which is prospective for gold and uranium. The company’s stock has doubled, trading at C$2.60 per share as of 10:56 am ET.
For more information and discussions about Mawson Finland and its stock performance, investors can visit the company’s Bullboard and Stockhouse’s stock forums and message boards. It is important to note that the information provided in this article is for informational purposes only and should not be considered as investment advice.
