Management & Board

Adam Cegielski

President & Board Director

Adam Cegielski has over 25 years of experience, primarily as an entrepreneur across various sectors, with a focus on mineral exploration and development. He has successfully built world class teams across several continents and raised over C$100 million in equity financings on the TSX Venture exchange. In 2019 he founded FNM predecessor company Gold Line Resources Ltd. and acted as CEO from its inception through to 2023, including putting the Gold Line Belt package together, establishing field operations, and overseeing the discovery of the Aida gold target at the Paubäcken project. Mr. Cegielski was also a founding director of Cayden Resources, which was acquired by Agnico Eagle Mines Ltd. for C$205 million in 2014. Adam holds a Bachelor of Science degree in Applied Biochemistry from the University of Guelph.

Mr. Cegielski joined First Nordic Metals in 2024.

Rakesh Malhotra

CFO

Mr. Malhotra brings nearly 30 years of diverse financial experience, including serving as CFO for several TSX-listed natural resource companies. He began his career with A.F. Ferguson & Co. (a correspondent firm of KPMG) before relocating to the Middle East, where he held senior finance roles within the highly successful International Bahwan Group of Companies.

From 2001 to 2005, he served as Vice President of Finance for a Toronto-based private group of service companies. He then spent over a decade (2006–2018) as Corporate Controller and Director for the Canadian subsidiary of U.S. multinational Diebold Nixdorf, Inc.

Mr. Malhotra is both a United States Certified Public Accountant (CPA) and a Canadian Chartered Professional Accountant (CPA, CA).

Mr. Malhotra joined First Nordic Metals in 2024.

Henrik Lundin

Board Director

Mr. Lundin has 19 years of technical and business experience in the natural resource sector and has held various executive and board roles with both private and public companies in the mining and oil and gas sectors. He previously served as Chairman of Gold Line Resources Ltd. (“Gold Line”), one of the predecessor companies to FNM. At Gold Line Henrik was involved in the initial consolidation of its belt-scale project package in Sweden, as well as the acquisition of the Oijärvi greenstone belt project in Finland from Agnico Eagle Mines Ltd. Mr. Lundin was also Chief Operating Officer of TAG Oil Ltd., responsible for global operations. He also worked for Lundin Energy AB in Norway prior to moving over to Aker BP ASA where he currently serves as an Advanced Reservoir Engineer. Henrik is a Swedish citizen and has a B.Sc. Petroleum Engineering degree from the Colorado School of Mines in Colorado, USA.

Mr. Lundin joined First Nordic Metals in 2025.

Henrik Lundin is independent in relation to the Company and its management, as well as independent in relation to major shareholders.

Jeff Couch

Board Director

Based in London, England, Mr. Couch is a capital markets executive with deep experience in natural resources and emerging markets. He is CEO of Lydian Mining and Alufer Mining, both part of a global private equity firm managing several billions in assets. For 10 years he was Head of Investment Banking at BMO Capital Markets, Europe and he also held senior roles at Credit Suisse and Citigroup. He has substantial board experience on the Toronto and London Stock Exchanges and holds degrees in business and law.

Mr. Couch joined First Nordic Metals in 2024.

Jeffrey Couch is independent in relation to the Company and its management, as well as independent in relation to major shareholders.

Marc Legault

Board Director

Mr. Marc Legault was recently appointed as Director of the Board. Marc is a geologist and was also a licensed professional engineer with over 40 years experience in the gold and base metals industry including 34 years working with Agnico Eagle Mines Limited (“Agnico”), where he held various exploration, operations, and management positions until he retired from Agnico in 2022 as a Senior Vice President. He spent time working on the Barsele project as well as the Oijarvi project, both of which are now First Nordic projects. His technical knowledge and experience with Agnico will be instrumental for First Nordic as it advances its flagship Barsele Project in Sweden in joint venture with Agnico.

Mr. Legault joined First Nordic Metals in 2024.

Marc Legault is independent in relation to the Company and its management, as well as independent in relation to major shareholders.

Taj Singh

CEO & Board Director

Mr. Singh is a mining executive with over 22 years of experience in corporate development, capital markets, finance, project development, engineering, and operations. Most recently he was founding President and CEO of NOA Lithium Brines Inc. (“NOA”) and during his time the company successfully went public, carried out multiple funding rounds, and had significant exploration success at its flagship Rio Grande project in Salta, Argentina. Prior to his time at NOA, Singh was founding President and CEO at Mexico-focused developer Discovery Silver Corp (“Discovery”). During his 5-year tenure with the Discovery, Singh led the growth of the company to a market capitalization of over C$500M, representing +30X growth during his time there. From the 2016 go-public to 2020 Mr. Singh also served as Director / Lead Independent Director of the Board of GT Gold Corp. which was subsequently acquired by Newmont Corporation (C$393M). Mr. Singh is a Professional Engineer (P.Eng), a Chartered Professional Accountant (CPA), a Certified Management Accountant (CMA) and holds a Bachelor of Engineering degree (Metallurgy / Minerals Processing) and a Master of Engineering degree (Metallurgy).

Mr. Singh joined First Nordic Metals in 2024.

Taj Singh is not independent in relation to the Company and its management. Taj Singh is however independent in relation to major shareholders.

Toby Pierce

Chairman & Board Director

From 2015 to 2024, Toby Pierce was CEO and Director of TAG Oil Ltd, a TSX-listed oil and gas producer in Australasia.  Mr. Pierce has over 25 years of geological and financial understanding within the resource sector.  He has been a founder, CEO or director of numerous private and public mining and natural resource companies including Benchmark Metals, New Placer Dome Gold, Gold Line Resources, Crest Petroleum, North Country Gold, Brilliant Resources, Red Tail Metals, Kingfisher Metals and numerous shell companies in the Canadian and London markets. Mr. Pierce holds an MBA from the Rotman School of Business and a Bachelor of Science degree in Earth Sciences from the University of Victoria.

Mr. Pierce joined First Nordic Metals in 2024.

Toby Pierce is independent in relation to the Company and its management, as well as independent in relation to major shareholders.

Johannes Holzäpfel

Regional Director

Mr. Holzäpfel was appointed Regional Director of First Nordic. He is based in Stockholm, Sweden and currently serves as Exploration Manager of Europe for EMX Royalty Corp., where he has been for 7 years. Johannes was part of the original team that staked the Gold Line belt in 2016-17. He was an important part of the launch of Gold Line in 2021 and has tremendous experience in navigating tenure, community, and environmental processes in Sweden. He is a geologist and has close to 15 years of experience in the mineral exploration industry. During his career, Mr. Holzäpfel worked for Boliden AB also in Sweden, and Ivanhoe Mines Ltd. in Africa and Mongolia. Johannes graduated with a Master’s degree in Economic Geology from the Eberhard Karls Universität Tübingen, Germany.

Mr. Holzäpfel joined First Nordic Metals in 2024.

Benjamin Gelber

Head of Exploration

Mr. Gelber is a professional geologist with over 17 years industry experience specializing in orogenic gold systems, garnering a deep understanding of geological and structural controls on mineralization in orogenic systems at all scales, including developing and managing large and complex district to camp scale exploration programs. He was previously with Barrick Gold Corporation as Exploration Manager, Guyana. Prior to Barrick, Benjamin held the positions of Generative Exploration Manager, and Group Geology Manager with Asanko Gold Inc, now named Galiano Gold Inc.

Mr. Gelber joined First Nordic Metals in 2024.

John Eren

VP Corporate Development

From 2020 to 2023 John Eren served as Vice President of Corporate Development at FNM predecessor company Gold Line Resources Ltd. From 2016 to 2019 Eren served as a corporate development executive for Crystal Exploration Inc., the shell company that subsequently became Thesis Gold Inc. From 2004 to 2016, Eren served as: Head of Business Development, Eurasia, for Auryn Resources (“Auryn”, now Fury Gold Mines Ltd.); Vice President of Investor Relations at Keegan Resources Inc. / Asanko Gold Inc. (now Galiano Gold Inc.); Investor Relations Manager at Cayden Resources (acquired by Agnico Eagle Mines Ltd.) and Stratton Resources Inc. (now Torq Resources Inc.). John holds an Bachelor of Economics degree (HBA) from Laurentian University.

Mr. Eren joined First Nordic Metals in 2025.