Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that
the Company, through its wholly owned subsidiary Nordic Rutile AS, today has
entered into a rutile offtake agreement ("Offtake Agreement").
Nordic Mining secures with this Offtake Agreement, together with the agreement
signed with Iwatani Corporation in June 2022, committed sales for up to the full
annual production of rutile from Engebø for the first 5 years of production with
highly reputable buyers.
The agreement is inter alia subject to certain conditions precedent.
For further information, please contact CEO Ivar S. Fossum, telephone +47 930
96 850.
Oslo, 20 October 2022
Nordic Mining ASA
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA ("Nordic Mining" or the "Company") is a resource company with
focus on high-end industrial minerals and metals. The Company's project
portfolio is of high international standard and holds significant economic
potential. The Company's assets are in the Nordic region.
Nordic Mining is undertaking a large-scale project development at Engebø on the
west coast of Norway where the Company has rights and permits to a substantial
eclogite deposit with rutile and garnet. In addition, Nordic Mining holds
interests in other initiatives at various stages of development. This includes
patented rights for a new technology for production of alumina and exploration
of seabed minerals.
Nordic Mining is listed on Euronext Expand Oslo with ticker symbol "NOM".