Announcement • Nov 29
Auriant Mining AB (publ), Annual General Meeting, May 15, 2025 Auriant Mining AB (publ), Annual General Meeting, May 15, 2025. Announcement • Oct 17
BoD of Auriant Mining Resolves to Apply for Shares Delisting from Nasdaq First North Premier Growth Market The Board of Auriant Mining AB (publ.) has resolved to apply for delisting of the Company’s shares from Nasdaq First North Premier Growth Market (the “Exchange”). It is expected that the application will be made not earlier than 3 months from the date of this press-release, on or about 14 January 2025. Subject to approval of the application by the Exchange, it can therefore be expected that the last date of trading in the Company’s share will be set by the Exchange in the end of January 2025. Due to the increasingly complex economic sanctions environment, the Company has been facing significant challenges, in particular as regards financing its ongoing operating expenses in Sweden while any cross-border payments related to Russia are made increasingly difficult, even intra-group. As another example of policy decisions by third parties affecting the Company, several members of the Swedish financial market no longer allow their customers to trade in the Company's shares. As a result, since 1 April 2024 when the decision to stop trading was made by several key brokers, there were no both buy and sell orders in the market during the majority of trading days, and no closings took place. Thus the liquidity of the Company’s share on Nasdaq First North Premier Growth Market, which was previously already low, has become virtually non-existent. This means that there is limited value for both the Company and its shareholders being listed on a public marketplace. At the same time, being a publicly listed company comes with significant costs for the Company. The Board estimates that the Company can save up to USD 400,000 in annual costs. Through delisting and the consequential direct and indirect savings, the Company aims to create a more sustainable business for its shareholders. In addition, whilst delisting itself will not affect the Group’s exposure to the existing economic sanctions regimes, it will give the Company more options, in particular, to restructure the Group’s operations so as to reduce risks and to ensure future growth. The decision was carefully considered by the Board in consultation with the Company’s Certified Adviser. Delisting of the Company's share from Nasdaq First North Premier Growth Market will mean that there will no longer be a marketplace for trading in the Company's shares. Instead, any future trades in the Company's stock will be over-the-counter. This may mean that it becomes more difficult to buy and sell shares in the Company and that dealing in the Company's shares via over-the-counter transactions may require legal assistance, which the parties to those transactions will need to finance themselves. The Board notes that some market participants currently offer to serve as a connecting point for buyers and sellers of unlisted shares, and will further investigate the possibility of engaging such service for the Company’s shares upon delisting. Following delisting, the Company will no longer be covered by, among other things, the disclosure obligations in the Market Abuse Regulation (MAR) and the set of rules that apply to companies admitted to trading on Nasdaq First North Premier Growth Market. However, the Company will continue to be covered by, among other things, the rules in the Swedish Companies Act and the Swedish Annual Accounts Act. The Company will publish a further announcement in connection with the submission of the delisting application and a decision of the Exchange. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to kr1.90, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Metals and Mining industry in Sweden. Total loss to shareholders of 49% over the past three years.