First Nordic Metals Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:HEG0 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
31 Jul 25	Buy€116,859	Taj Singh	Individual	500,000	€0.23
31 Jul 25	Buy€23,372	Toby Pierce	Individual	100,000	€0.23
29 Jul 25	Buy€43,456	Brendan Cahill	Individual	186,540	€0.23
30 Jun 25	Buy€140,737	Taj Singh	Individual	578,000	€0.24
26 Nov 24	Buy€22,401	Toby Pierce	Individual	100,000	€0.22
26 Nov 24	Buy€224,012	Taj Singh	Individual	1,000,000	€0.22
26 Nov 24	Buy€112,006	Adam Cegielski	Individual	500,000	€0.22

Insider Trading Volume

Insider Buying: HEG0 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HEG0?
Owner Type	Number of Shares	Ownership Percentage
Institutions	2,000,000	0.628%
Individual Insiders	7,000,521	2.2%
Public Companies	29,413,166	9.23%
General Public	280,268,353	87.9%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 40.2%.

Top Shareholders

Top 10 shareholders own 12.05% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.23%	Agnico Eagle Mines Limited	29,413,166	€8.0m	0%	no data
0.95%	Taj Singh	3,030,433	€823.5k	19.8%	no data
0.63%	U.S. Global Investors, Inc.	2,000,000	€543.4k	-42.9%	0.05%
0.43%	Toby Pierce	1,367,878	€371.7k	7.89%	no data
0.43%	Adam Cegielski	1,360,618	€369.7k	0%	no data
0.16%	John Eren	500,000	€135.9k	0%	no data
0.091%	Gernot Wober	289,550	€78.7k	0%	no data
0.078%	Marc Legault	250,000	€67.9k	0%	no data
0.059%	Brendan Cahill	186,540	€50.7k	0%	no data
0.0049%	Henrik K. Lundin	15,502	€4.2k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/24 06:11
End of Day Share Price	2025/10/24 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Nordic Metals Corp. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jonathan Guy	Hannam & Partners (Advisory) LLP
Jamie Spratt	Haywood Securities Inc.
John Sclodnick	National Bank Financial