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Gungnir Resources' Lappvattnet Nickel Project Designated a "Property of National Interest" in Sweden
SURREY, BC / ACCESS Newswire / December 8, 2025 / Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTC...
About this update from Gungnir Resources Inc
[{"type":"text","content":"Gungnir Resources' Lappvattnet Nickel Project Designated a \"Property of National Interest\" in SwedenSURREY, BC / ACCESS Newswire / December 8, 2025 / Gungnir Resources Inc. (GUG:TSX-V)(ASWRF:OTCPK) (\"Gungnir\" or the \"Company\") is pleased to announce that its Lappvattnet Nickel Project has been officially designated a \"Property of National Interest\" by the Swedish Geological Survey (SGU).This designation is highly significant, as it provides protection for Lappvattnet from competing land uses that could hinder future mining activities. It also represents a major milestone for the Company, with the potential to streamline future permitting processes and strengthen Gungnir's ability to attract partners and investment for ongoing exploration and development.Lappvattnet and Rormyrberget NickelThe Lappvattnet and Rormyrberget nickel deposits are located along the \"Nickel Line\" in the eastern part of the Vasterbotten District, 60 km and 100 km respectively east of the Company's Knaften gold exploration project. The deposits are held 100% by Gungnir under two separate permits covering an area of 471.3 hectares. The properties are accessible year-round with good transportation and industrial infrastructure including shipping facilities as there are a number of active mines in the area. Gungnir acquired both deposits in open staking in 2015. Existing licenses covering both deposits are currently valid to early January 2027.Two of the top nickel sulphide deposits in Sweden• Company's first drill program at Lappvattnet initiated in August, 2021; drilled a total of 7,345 metres in 53 holes in from 2021 to 2023• Collectively contain 80 million kg of nickel (using historic results from the 1970s):- Lappvattnet: Inferred Resource of 780,000 tonnes grading 1.35% nickel for 23.1 million lbs (10.5 million kg) of nickel.- Rormyrberget: Inferred Resource of 36,800,000 tonnes grading 0.19% nickel for 154 million lbs (70 million kg) of nickel.• 100% Gungnir subject to a royalty option purchase agreement for 2% GSR for CDN$8 million from Altius Minerals (Lappvattnet and Rormyrberget together)• Accessible year-round with good transportation and industrial infrastructure including shipping facilities, and are located about an hour drive from Boliden's mill complex• Potential to expand the deposit beyond the cu...