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ARCTIC MINERALS Stockholm August 27 , 2021 1 Interim report for the first half year ( January - June ) 2021 The Board of Directors of Arctic Minerals AB ( publ ) ( " Arctic Minerals " , the " Company " or the " Parent company " and together with its subsidiaries the " Group " ) ( the " Board " ) hereby submits an interim report for the period January - June 2021 . First half year ( January - June ) 2021 • • Deep diamond drilling has been carried out at three different targets at Arctic Mineral's copper joint venture project Peräpohja in Finland . New sampling results have confirmed a cluster of gold - bearing soil samples likely to be of local origin at the Company's gold project Nutukka in Finland . • Arctic Minerals has applied for exploration permits both at its gold projects Nutukka and its battery metal project Kiiminki in Finland . The permits , once granted , will allow for more advanced exploration work at the projects . • • • • Capitalized exploration costs for the period amounted to MSEK 0.0 ( 4.2 ) Profit after tax for the period was MSEK -6.3 ( -5.5 ) Earnings per share for the period amounted to SEK -0.05 ( -0.06 ) Cash and bank position amounted to MSEK 26.0 ( 3.9 ) at end of period Significant events during the first half of 2021 • • On January 4 , 2021 the EGM of Arctic Minerals was held . The EGM approved the directed share issues resolved upon by the Board , adding a maximal total of approximately MSEK 30.7 in cash , before transactions fees , and in addition reducing debt by a maximal total of MSEK 8.8 . See the section Directed share issues in Arctic Minerals . On March 23 , 2021 Arctic Minerals provided an update on its gold project Nutukka in Finland . New sampling results have confirmed a cluster of gold - bearing soil samples likely to be of local origin . See the section Nutukka gold project . On April 13 , 2021 Arctic Minerals updated on its copper joint venture project with Rio Tinto in Finland . Deep diamond drilling has been carried out at