Nordic Mining (NOM)

[Teiner]

Sannsynligvis entreprenøren/byggfirmaet som tok snarvei - ikke NOM?

[aTinyHorse]

Entreprenøren sier at det ble gjort en helhetsvurdering hvor metodikken var blitt diskutert med arbeidstilsynet. Det kan selvsagt hende de lyver, men det ER flere hensyn ved en slik riving enn bare asbest, så forklaringen kan også stemme.
Enten dette er en misforståelse eller en entreprenør som prøver å snike seg unna en fordyrende asbestsanering så er det uansett veldig vanskelig å se en direkte kobling til oppdragsgiver. “Nyheten” her er at en entreprenør slurvet med asbestreglene en halv dag før de ble stoppet, og ikke at et omstridt gruveprosjekt også skal slippe ut asbest under bygging slik saken går langt i å implisere.
Fillesaken her er nyhetsinnholdet i denne hendelsen, ikke selve asbestplatene. Asbest rives ulovlig hvert eneste år og det havner i all hovedsak ikke på NRKs forside.

[fuzzy]

Ja, man kan ikke si annet enn at det har vært en fantastisk godt utført sverte kampanje av mange aktører. Pressen selv har sine biaser og i dette tilfellet kommer de veldig godt til synlig.

Kampanjen har hatt en voldsom effekt kursmessig da vi nok har fått en god del nedsalg som mest sannsynlig ikke ville skjedd om ikke folk hadde blitt utsatt for dette ensidige og til tider faktafrie mediekjøret. Privatpersoner har til og med blitt oppringt av aksjonister med oppfordring til å selge sine aksjer i NOM.

Realiteten er jo at riskoen er betydelig redusert, selvmed den evneveike næringsministerens vage uttalelser, NAV mtp Keliber oppjusterte verdi og forventingene om avklaring på offtakes og finansiering snarlig.

[TekBot]

Nordic Mining ASA: Exercise of share options by primary insiders and share issue

The following primary insiders in Nordic Mining ASA (the “Company”) have today
exercised their share options under the share option program approved by the
general meeting 1 November 2018:
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· Ivar S. Fossum, CEO, has exercised 1,050,000 options at a strike price of
NOK 2.63 per share. Following the transaction Fossum holds 1,782,755 shares in
Nordic Mining ASA.

· Christian Gjerde, CFO, has exercised 400,000 options at a strike price of
NOK 2.62 per share. Following the transaction Gjerde holds 400,000 shares in
Nordic Mining ASA.

· Mona Schanche, VP Resource and Sustainability, has exercised 400,000 options
at a strike price of NOK 2.63 per share. Following the transaction Schanche
holds 441,063 shares in Nordic Mining ASA.

· Kenneth Nakken Angedal, Operations Director, has exercised 400,000 options
at a strike price of NOK 2.63 per share. Following the transaction Angedal holds
445,822 shares in Nordic Mining ASA.

· Steinar Kleppe, Senior Geologist, has exercised 175,000 options at a strike
price of NOK 2.63 per share. Following the transaction Kleppe holds 178,788
shares in Nordic Mining ASA.

In addition, 400,000 options have today been exercised under the option program
at a subscription price of NOK 2.63 per share.

Consequently, the Board of Directors will today, in accordance with the
authorization granted by the general meeting on 14 May 2020, issue 2,825,000 new
shares in the Company, thereby increasing the Company’s share capital with NOK
1,695,000.

Following the share capital increase, the Company will have a share capital of
NOK 139,390,063.20 divided into 232,316,772 shares, each with a nominal value of
NOK 0.60.

For further information, please contact CFO Christian Gjerde, telephone +47
98060909.

Oslo, 13 May 2022
Nordic Mining ASA

This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12.

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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[TekBot]

Nordic Mining ASA: New share capital registered

Reference is made to the stock exchange release on 13 May 2022 regarding
issuance of shares in Nordic Mining ASA (the “Company”) under the share option
program.
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The share capital increase has today been registered with the Norwegian Register
of Business Enterprises. The Company’s new registered share capital is
139,390,063.20 divided into 232,316,772 shares, each with a nominal value of NOK
0.60.

For further information, please contact CFO Christian Gjerde, telephone +47
98060909.

Oslo, 18 May 2022
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. 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[TekBot]

Minutes from Ordinary General Meeting

The Ordinary General Meeting in Nordic Mining ASA was held Thursday 19 May 2022.
All agenda items were approved in line with the proposals in the Ordinary
General Meeting notice.
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The minutes from the Ordinary General Meeting in Norwegian and English are
attached.

For further information, please contact CFO Christian Gjerde, telephone +47
98060909.

Oslo, 19 May 2022
Nordic Mining ASA

This information 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[fuzzy]

Både feil og villedende

[rosasky]

Når kommer emisjonen for å få på plass finansiering?
Var ikke mye futt i raketten som fikk grønt lys for take off for litt siden…

[novalusus]

Partner før emisjon tenker jeg.

[TekBot]

Directorate of Mining rejects claims from Artic Mineral Resources

The Directorate of Mining (“DirMin”) has today rejected several claims filed by
Arctic Mineral Resources AS (“AMR”).

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AMR has applied for an operational license for mining of garnet and other
minerals from the Vevring properties at Engebø. AMR’s application covers an area
that is comprised by the extraction rights and the operational license granted
to Nordic Rutile. DirMin has today rejected AMR’s application for an operational
license since Nordic Rutile has exclusive rights to the eclogite containing
titanium in the area.

Moreover, DirMin rejected AMR’s claim that DirMin pursuant to section 32 of the
Norwegian Minerals Act shall assess whether or not the garnet in the eclogite
can be utilised independently. DirMin has reasoned its rejection by stating the
fact that the entire eclogite, including all minerals contained therein, is
comprised by Nordic Rutiles exclusive extraction rights to minerals owned by the
state.

DirMins decisions are in line with the operating license finally resolved by the
Ministry of Trade, Industry and Fisheries on 6 May 2022.

For further information, please contact CEO Ivar Fossum, telephone +47 930 96
850.

Oslo, 25 May 2022
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. 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[rosasky]

Huffda.
Fortsatt veldig langt fram til man kan begynne å tjene kroner på gruvedrift i Engebø?

[fuzzy]

Den avgjørelsen kommer de aldri til å få omgjort. Dette er avgjort og ferdig.

For AMR var dette det ene store punktet de hadde håpet på, at DMF skulle vurdere og stadfeste at granaten var drivverdig alene.

Veldig fin melding, men mer spent på offentliggjøring av detaljer på offtake og første fase finansiering…

Håper SB1M kan komme med en ny analyse som faktisk gir et noe mer realistisk kursmål enn hva CP gjorde… Der må de ha mer enn bare kaffe i kaffen…

[rosasky]

Avklaring på finansiering er vel det neste som må komme.
Guidet at skal komme til sommeren.

Størsteparten vil komme fra lån høres det ut som, og en del vil komme fra mulige strategiske investorer om jeg har skjønt det riktig.

Bør man frykte en retta emisjon mot slike “strategiske investorer” som får massevis av nye aksjer med stor rabatt som dumpes så fort de får sjansen, og dermed senker kursen ned til et mye lavere nivå?

Virker som Clarkson Platou er inne som tilrettelegger.

[TekBot]

Nordic Mining ASA: Binding Offtake Agreement and USD 20 million Investment Agreement with Iwatani Corporation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES (OR ANY OTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
…

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UNLAWFUL). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

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 5-year rutile offtake agreement (“Offtake Agreement”) with
Iwatani Corporation, a reputable Japanese trading house (“Iwatani”). In
addition, Iwatani has agreed to make an equity investment of NOK 191.7 million
corresponding to USD 20 million at the time of the signing of the agreement
(“Investment Agreement”) in Nordic Mining for the Engebø Rutile and Garnet
Project (“Engebø Project”). The investment will be at the same subscription
price that will be set in the contemplated broader equity raise to be carried
out in connection with the Engebø Project Financing for which terms, timing and
transaction structure shall be announced in due course.

Highlights:

· Binding agreements executed with Iwatani for:

· Long-term offtake of 20,000 tonnes per annum of natural rutile from the
Engebø Project over 5 years

· NOK 191.7 million equity investment at the same subscription price as for
the contemplated broader equity raise

· The equity investment is subject to close of the project financing package
for the Engebø Project, which is expected to be in excess of USD 250 million
comprising of debt, equity and potential hybrid capital or royalty

· The offtake is subject to certain conditions relating to the equity
investment in the Company having been fulfilled

Investment Agreement:

Nordic Mining and Iwatani have entered into an Investment Agreement whereby
Iwatani has agreed to make an equity investment of NOK 191.7 million into Nordic
Mining. The equity investment will be completed at the same subscription price
that will be set in the contemplated broader equity raise for the Engebø
Project, for which terms, timing and transaction structure shall be announced in
due course.

The equity investment is subject to customary conditions precedent, and the
Engebø Project being fully financed. The condition precedent must be satisfied
by 31 March 2023, unless later date is agreed upon.

The equity investment adds to the equity contribution of NOK 132.5 million from
local EPC investor group structured as convertible loan issued by Nordic Mining
announced in January 2022. The convertible loan will upon conversion be part of
the equity for the Engebø Project financing package.

Offtake Agreement:

The Offtake Agreement is for the supply and delivery of in total 100,000 metric
tonnes of natural rutile concentrate (20,000 tonnes per annum) in the 5-year
contract period.

The consideration shall be based on the market price for 95% natural rutile
concentrate, adjusted for actual TiO? content.

The offtake under the Offtake Agreement will start on the date of the first
delivery of rutile to Iwatani. The Offtake Agreement has a duration of 5 years,
possibility for renewals for 3-year periods unless terminated by either party.

The agreement is inter alia subject to certain conditions precedent that must be
satisfied by 31 March 2023.

Clarkson Platou Securities AS and SpareBank 1 Markets AS act as Financial
Advisors to the Company in relation to the Engebø Project Financing.

For further information, please contact CEO Ivar Fossum, telephone +47 930
96 850 or CFO Christian Gjerde, telephone + 47 980 60 909.

Oslo, 2 June 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[Do2Do]

Mediaklipp:

FA i går

Tok 16 år: Nå skal milliardene renne inn

TU i dag (omtaler sak fra faktisk.no 25.5)

Derfor tillater Norge sjødeponi for gruveavfall

[TekBot]

Keliber pilot-scale test programme results in high conversion rate of 96.3%

Keliber has completed the first three phases of a four-phase pilot-scale test
programme. The pilot-scale test programme resulted in average conversion rate of
96.3% in a continuous high-temperature conversion pilot trial performed in
…

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cooperation with FLSmidth.

Keliber states that the purpose of the test programme is to verify the
functionality of the ore from the company’s largest deposit, Rapasaari, at all
stages of the process, from ore mining to the end-product lithium hydroxide.
Keliber has previous performed a similar pilot-scale test programme using ore
from Syväjärvi, the deposit where mining will start first.

Keliber’s press release with more details about the pilot-scale test programme
is available at: https://www.keliber.fi/en/news/news-releases-and
-publications/DDFD8635E4E2DE43/

Oslo, 21 June 2022
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. 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[TekBot]

Life Cycle Assessment documents environmental benefits for Engebø rutile

Minviro, UK has carried out an independent Life Cycle Assessment (“LCA”) of the
rutile product to be produced at Engebø Rutile and Garnet. The assessment shows
that rutile from Engebø is top rated in terms of carbon footprint compared to
…

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alternative sources globally and has a superior water scarcity impact.

Results from the LCA

The LCA is a cradle-to-gate assessment of the production of natural rutile
concentrate from Engebø and covers all production stages from the mine to the
final product. The study includes calculations of the Global Warming Potential
(“GWP”) and the water scarcity footprint. The GWP covers scope 1, 2 and 3[1]
calculations of Green House Gas (“GHG”) emissions. The water scarcity footprint
is based on water consumption and the regional water scarcity using the AWARE[2]
methodology.

The table below presents the results summary of the LCA of the rutile product
from the Engebø Rutile and Garnet operation.

Impact Category       Impact Value  Units (per kg rutileconcentrate)

Global Warming Potential 0.17 kg CO? eq.
Water Scarcity Footprint 0.03 kg water eq.

Logistical advantages, minimal internal transportation and availability of green
hydroelectric power gives a beneficial GWP for the Engebø rutile. The main
drivers of the GWP are the consumption of diesel in the mining operation and the
explosive consumption related to the ore extraction.

[image]

Process water at Engebø will be sourced and converted from saltwater resulting
in a limited water impact form the operation. The water impact is primarily from
the impact of consumption of materials such as explosives (specifically ANFO -
ammonium nitrate fuel oil), grinding media, and diesel.

Benchmarking against other raw materials

Minviro conducted a benchmarking study to compare the rutile from Engebø with a
wide range of titanium-bearing feedstock production routes, including other
natural rutile products, synthetic rutile, and titanium slag. The analysis shows
that the GWP and water scarcity impact of the Engebø rutile is top rated and
substantially lower than several alternative sources. Result from the GWP
benchmarking is summarized in the graph below.

[image]

Natural rutile (~95% TiO2) is known as a superior titanium feedstock due to its
high purity and TiO2 content. Other alternative titanium feedstocks such as
ilmenite has a substantially lower TiO2 content (~50% TiO2). Natural rutile can
be used directly in chlorination plants to make titanium pigment or as feed for
titanium metal production, while the other raw materials have to go through
additional processing steps. Ilmenite must be converted to upgraded synthetic
rutile or titanium slag. This is done through carbon intensive leaching or
smelting processes that produces substantial amounts of waste. The favorable
logistics combined with the purity of the rutile product gives the Engebø rutile
environmental benefits as a raw material.

“The LCA gives valuable insight into environmental advantages of sourcing rutile
form Engebø. The Engebø rutile will form a good basis for low carbon titanium
value chains. The study also tells us where we should put our effort to do
better. We will continue the work to minimize our environmental footprint and
aim for zero carbon emissions. We are in the process of looking at options to
phasing out diesel in the mine”, says VP Resources and Sustainability, Mona
Schanche.

For more information, please contact VP Resources and Sustainability, Mona
Schanche at +4792281253

Oslo, 23 June 2022

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. 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

[1]) Scope 1: Direct GHG emissions (e.g. furnace off-gas, combustion of fuels)
Scope 2: Indirect GHG emissions from consumption of purchased electricity, heat,
or steam (e.g. emissions embodied in grid power) Scope 3: Other indirect
emissions such as the extraction and production of purchased materials and
fuels, transport-related activities in vehicles not owned or controlled by the

reporting entity, and outsourced activities.

[2]) The AWARE methodology is developed by Water Use in Life Cycle Assessment
(WULCA), a working group of the UNEP-SETAC Life Cycle Initiative, on a water
scarcity midpoint method for use in LCA and for water scarcity footprint
assessments.

Kilde

[TekBot]

Keliber reports maiden mineral resource estimate for new Tuoreetsaaret deposit

Keliber has discovered a new lithium deposit, Tuoreetsaaret, located between the
Rapasaari and Syväjärvi deposits. The maiden Mineral Resource estimate for the
Tuoreetsaaret deposit was completed in June 2022. The Mineral Resources (all
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Inferred) of Tuoreetsaaret are 1.41 million tonnes with an average grade of
0.70% Li?O, which increases Keliber’s total Mineral Resources by 9 percent, to
17.03 million tonnes (previously 15.62 million tonnes).

Keliber’s Mineral Resource estimate for the new Tuoreetsaaret lithium deposit
comply with the JORC 2012 code.

Keliber’s press release is available at: https://www.keliber.fi/en/news/news
-releases-and-publications/77E4855016C020FC/

Oslo, 23 June 2022
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. 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

Kilde

[TekBot]

Nordic Mining sells Keliber stake for EUR 46.9 million (NOK 483 million)

Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that
the Company has irrevocable accepted to sell its shares in Keliber Oy
(“Keliber”) to Sibanye Stillwater Limited (“SSW”) for a cash consideration of
…

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EUR 157.28 per share, in total EUR 46.9 million (NOK 483 million), under a
voluntary offer (“Voluntary Offer”) provided by SSW to the shareholders of
Keliber today. SSW’s offer is made on the basis of an independently calculated
fair market value as determined by two leading independent investment banks,
Royal Bank of Canada and Bank of Montreal, in May 2022 in accordance with the
shareholders agreement for Keliber.

The offer period for SSW’s Voluntary Offer commences today, Thursday 30 June
2022, and ends on Friday 19 August 2022, with transfer of shares and settlement
of the cash consideration to take place in the period 13 September to 19
September 2022, unless the offer period is extended.

Nordic Mining has been a pioneer in the development of production of battery
grade lithium in Europe, with the first investment in Keliber in 2008 up to the
last investment in February 2021, in relation to the initial phased equity
investment of EUR 30 million in Keliber from SSW. The sale of the investment
will result in a realized gain of around NOK 408 million; meaning a return on
the investment of over 540% on the historical investment of around NOK 75
million. The fair value of the investment was as per Q1-2022 assessed to be
around NOK 396 million.

The Voluntary Offer is subject to certain conditions precedent, including
relevant resolutions by the general meeting in Keliber to be held on 11 July
2022, approval from the South African Reserve Bank for SSWs foreign direct
investment in Keliber, as well as a condition that no material adverse change
have occurred before completion of the Voluntary Offer.

Funds from the sale are unrestricted and will be contributed as equity towards
the project financing package for the Engebø Rutile and Garnet Project, which is
expected to be in excess of USD 250 million comprising of debt, equity and
potential hybrid capital or royalty.

Nordic Mining, together with its financial advisors, Clarksons Securities AS and
SpareBank 1 Markets AS, continue to have constructive progress on several
possible financing structures, for which terms, timing and transaction structure
will be announced in due course.

For further information, please contact CEO Ivar Fossum, telephone +47 930
96 850 or CFO Christian Gjerde, telephone + 47 980 60 909.

Oslo, 30 June 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. Nordic Mining also holds 12.0% of the
shares in Keliber Oy, which is developing a lithium project in Finland to become
the first European producer of battery grade lithium hydroxide.

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”.

[1] All amounts in NOK related to the sale are based on EUR/NOK exchange rate of
10.3. Final cash consideration and realized gain on the investment in NOK will
depend on the EUR/NOK exchange rate at the time of the settlement in September
2022.

Kilde

[Manjana]

Var vel den mest fornuftige løsningen for Engebø