Diskusjon Triggere Porteføljer Aksjonærlister

Nordic Mining (NOM)

http://www.netfonds.no/quotes/release.php?id=20181106.OBI.20181106S78

Nordic Mining ASA (OAX:NOM) - Interim report per 30 September 2018

Enclosed please find Nordic Mining’s interim report for third quarter 2018 and a
separate presentation. The interim report and company updates will be presented
today, Thursday 8 November 2018 at 10.00 (CET) in the company’s office (address
details below). The presentation and Q&A session will be held in English and
transferred via webcast (details for the webcast below).

Important events in the third quarter 2018 and year-to-date 2018:
Corporate

·
Ongoing rights issue to finance the progressing Engebø definitive feasibility
study On 1 November 2018, a rights issue of up to 17,391,304 shares was resolved
in an extraordinary general meeting. The subscription period in the rights issue
started on 6 November 2018 and will end on 20 November 2018 at 16.30 (CET). The
subscription price in the rights issue is NOK 2.30 per share. Tradable
subscription rights have been allocated to shareholders of the Company as at the
end of 1 November 2018, as registered in VPS as of 5 November 2018.

Engebø rutile and garnet project

·
Positive market outlook for rutile and garnet The increasing market price for
rutile has continued during third quarter. Continuous strong demand for high
-grade feedstock is driven by high capacity utilization in the pigment industry,
reduced stockpiles and limited rutile supply. In the third quarter, rutile
prices (95% TiO2) have been reported around USD 1,050 per tonne. There is
currently no production of garnet in Europe, nor any planned production apart
from Engebø. The global supply of high-quality garnet for high-end applications
is short of the increasing demand. Dialogues relating to offtake agreements for
rutile and garnet are ongoing. The target is to establish solid long-term
arrangements that support the bankability of the project.

·
Site areas green-lighted for construction after archeological surveys In October
2018, the Company received notice from the Directorate for Cultural Heritage,
confirming that the archeological surveys pursuant to the approved zoning plan
have been completed and that the area has been clarified for construction
activities.

·
Agreements with the main landowners at Engebø signed The agreements with the
landowners regulate Nordic Mining’s acquisition of the area for the planned
mineral processing plant, including the existing deep-water harbour facility,
and compensation to the landowners for extraction and sale of all mineral
products from the Engebø deposit. The mining area comprised by the agreements
covers the open pit production phase as well as the service and rock storage
areas. The extraction permits granted to Nordic Mining also include the adjacent
area for the subsequent underground mining, and Nordic Mining has initiated
activities also for this phase.

·
Main permits in place; steady progress on infrastructure and local regulatory
matters Nordic Mining holds all rights and permits necessary for its current
operations related to the Engebø project. This includes extraction permits for
rutile (state’s mineral) which generally also implies the right to extract
garnet and possible other minerals (landowners’ minerals) in connection with the
rutile extraction. The zoning plan for the mining and processing areas and the
environmental permit for the project are fully granted. A process has been
initiated with Naustdal municipality regarding detailed regulation of buildings
and infrastructure at the processing plant and service areas, as well as for the
access and haul roads etc. Further, a zoning plan process for the planned
pipeline for process water supply is ongoing. The Engebø project is developed in
accordance with high international standards for environment, health and safety.
A comprehensive monitoring program for various environmental aspects is being
prepared.

·
Comprehensive definitive feasibility activities ongoing The main purpose of the
definitive feasibility study is to qualify the project for construction
financing with a combination of debt and equity. The definitive feasibility
study is progressing well and targets high-quality assessments and de-risking of
all important aspects of the project. Certain aspects of the mineralogy and
texture of the Engebø deposit is complex, and the ongoing process test work is
comprehensive and thorough. Several positive clarifications and verifications
relating to configuration of the rutile and garnet processing circuits have been
achieved. Further improvements are targeted related to garnet yields, particle
size distribution etc. The test work activities, including bulk sample testing,
are scheduled to continue into the first quarter 2019. Except for the process
flowsheet, engineering and the detailed design activities for most of the other
project areas have commenced. The timeline for completion of the definitive
feasibility study will be reaffirmed when the process flowsheet has been
finalized. The current estimate is completion mid-year 2019.

·
Increased resource estimates The Engebø resource model and classifications were
updated in June 2018 by Competent Person Adam Wheeler. The limited drilling
program in January/February 2018 resulted in an increase of the estimated
mineral resources in the measured and indicated categories (JORC Code 2012) by
around 5%, to approximately 98 million tonnes, based on a cut-off of 3% TiO2.
The average grade of rutile and garnet in the measured and indicated categories
is 3.87% and 44.4%, respectively. The ongoing definitive feasibility work is
based on the 2018 resource model and estimates.

Keliber lithium project

·
Definitive feasibility study confirms profitable lithium project In June 2018,
Keliber (Nordic Mining owns approximately 22%) completed the definitive
feasibility study for the lithium project in Finland. The study confirms a
profitable business case and outlines the plans for execution of the project.
The main results are summarized in the following:

·

Strong project financials:

    ·

Pre-tax net present value (NPV @ 8% discount rate) of EUR 295 million

    ·

Post tax net present value (NPV @ 8% discount rate) of EUR 225 million

    ·

Pre-tax internal rate of return (IRR) of 24%

    ·

Post tax internal rate of return (IRR) 22%

    ·

Pay-back period: 5.5 years

  ·

Significantly increased mineral resource and ore reserve estimates

  ·

Average battery grade lithium carbonate sales volume of 10,745 tonne/year

  ·

Average lithium carbonate sales price of USD 12,357 per tonne

  ·

13 years of open pit and underground mining operations followed by 7 years of
production based on purchased spodumene concentrate

  ·

Upfront capital cost of EUR 199 million for mines and production facilities;
additional capex of EUR 56 million during the production period

·
Assessments related to offtake and project financing are ongoing The definitive
feasibility study is expected to provide a solid foundation for project
financing required to execute the lithium project. Keliber is actively assessing
market options, and dialogues to secure offtake agreements suitable for the
project financing are ongoing. Considerations regarding financing with a
combination of debt and equity are carried out with support from advisors. An
important element in this process is to carry out a technical review of the
project with professional resources independent of the company and its
feasibility study advisor/coordinator, Hatch. The international mining
consultancy company SRK has been contracted for this purpose.

·
Permitting process well under way Keliber has obtained a special pre
-consultation status for its permitting process which implies that the company
interacts closely with the authorities throughout the process. The permit
application for the Syväjärvi deposit was submitted in May 2018, and a
clarification is expected shortly. Applications for the Rapasaari deposit, the
Kalavesi concentrator plant and the Kokkola chemical plant are targeted to be
submitted before year end. Keliber expects clarification of the remaining
permits during the first half of 2019.

·
Strong lithium market and outlook Generally, the lithium market is developing on
a positive note and contract prices have increased so far in 2018. Going
forward, a continued tight market balance is expected. The fastest demand growth
for lithium is related to batteries for electric/hybrid vehicles and energy
storage. Several initiatives relating to battery production in Europe, including
Finland and Sweden, are under development. Keliber has commenced a pilot plant
test program for production of lithium hydroxide in cooperation with Outotec
Finland. A successful outcome of the test program will increase Keliber’s market
flexibility going forward. Keliber expects the test work and the assessments to
be completed in Q1 2019.

The third quarter presentation will be held today, Thursday 8 November 2018 at
10:00 (CET) in Nordic Mining’s office at Vika Atrium, Munkedamsveien 45
(Entrance A, 5th floor), N-0250 Oslo. The presentation and Q&A session will be
held in English and transferred via webcast. You will have the opportunity to
post questions online throughout the webcast session. The webcast will be
available on: http://webtv.hegnar.no/presentation.php?webcastId=97451506

For further information, please contact CFO Birte Norheim, telephone +47
-95293321. Oslo, 8 November 2018 Nordic Mining ASA

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 in Norway and internationally.
The Company’s project portfolio is of high international standard and holds a
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. Permits for the project have been
granted by the Norwegian government. The definitive feasibility study was
initiated directly following completion of the prefeasibility study in October
2017. Nordic Mining’s associated company Keliber completed the definitive
feasibility study for its lithium project in Finland in June 2018. Nordic Mining
has rights for exploration and production of high-purity quartz in Kvinnherad in
Norway. Further, the Company holds exploration rights at Reinfjord in northern
Norway where a prospective area of sulphide mineralisation has been discovered.
Nordic Mining is also exploring opportunities related to seabed mineral
resources. Nordic Mining is listed on Oslo Axess with

Ekstern link: https://newsweb.oslobors.no/message/463087

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20181108.OBI.20181108S37

@NoBrain, er du tilstede på presentasjonen i dag?

Jeg er fra regionen engebø ligger i, og kan love deg at jeg synes oppdrett og alle de miljøproblemene de fører med seg av uforsvarlig fiske av agn, kloakk, rømt laks og medisiner er er 100 ganger større problem enn at NOM slipper ut grus på bunnen av et helt begrenset sted i en av de trillioner av fjordene vi har.

Har latt være å investere i laks fordi jeg synes hele businessen er dypt, dypt, dypt uetisk.

Grunnen til at laks er så lønnsomt og gjør eierene latterlig rike er fordi de driver omtrent like utetisk som russiske nikkelverk.

Edit:

@F-Tosca jeg ville heller investert i Nestle eller Haliburton enn laks!

5 Likes

Kunne ikke vært mer enig. Kjenner noen i ledelsen i NOM og de synses det hele er veldig frustrerende, som du sier, litt grus av bunnen av en fjord. Rett og slett urettferdig at det skal være en miljøvernsak.

Lakseoppdrett derimot, fytti, marginene er helt vanvittig høye og regelverket skvises til det ytterste. Men sånn er kapitalismen til tider, så lenge regelverket ikke strammes inn vil man presse på der man kan for å få enda større marginer og ekspandere.

14/11-2018 12:26:14: (NOM.OAX) Primary insider notification - Rights Issue

Vis børsmeldingen

http://www.netfonds.no/quotes/release.php?id=20181114.OBI.20181114S60

God innsats av innsiderne.

1 Like

16/11-2018 08:00:09: (NOM.OAX) Last day of trading in subscription rights

Vis børsmeldingen

http://www.netfonds.no/quotes/release.php?id=20181116.OBI.20181116S13

20/11-2018 08:00:06: (NOM.OAX) Expiry of subscription period for the Rights Issue today

20/11-2018 17:18:06: (NOM.OAX) PRELIMINARY RESULT OF RIGHTS ISSUE

21/11-2018 10:02:26: (NOM.OAX) Final result of the Rights Issue

21/11-2018 10:03:11: (NOM.OAX) Mandatory notification of trade

22/11-2018 13:52:37: (NOM.OAX) Mandatory notification of trade

23/11-2018 13:56:01: (NOM.OAX) Financial calendar

Nyhetsartikler november 2018

https://www.hegnar.no/Nyheter/Politikk/2018/11/Avviser-omkamp-om-gruvedeponier

26/11-2018 08:00:15: (NOM.OAX) Allocation of options to primary insiders

29/11-2018 10:35:17: (NOM.OAX) New share capital registered

05/12-2018 17:43:32: (NOM.OAX) Mandatory notification of trade

Nyhetsartikler desember 2018

1 Like

Jeg må uttrykke litt sympati for de grunneierne som overførte rettighetene til AMR, på tvilsomt grunnlag. Dette ser absolutt ikke lovende ut for dem, og de eventuelle avtaler som blir utarbeidet nå blir ikke gjort med grunneierne direkte, men med AMR. Det hadde ergret meg noe jævlig om jeg måtte dele en gevinst med noen som absolutt ikke har hatt noen rett til den, hvor denne situasjonen har vært vinn-vinn uansett utfall for de som har overtalt grunneierne til dette. Stupid is as stupid does.