Reference is made to the stock exchange notice 30 June 2026 regarding the
Ministry of Climate and Environment's decision to uphold the discharge permit
for the Engebø operation.
With the support, and a more predictable operational framework confirmed by the
authorities, Nordic Mining is directing its attention to the long-term
development of Engebø and the Company's broader asset portfolio.
The Company is currently ramping up production of rutile and garnet at Engebø.
Rutile is a natural titanium feedstock, used in specialised industrial
applications ranging from aerospace to pigments. Titanium feedstock is
classified as a critical mineral, and Engebø is one of only two known rutile
deposits of significance in Europe, underlining the operation's strategic
importance for European raw material supply.
Given the expected stability of the company's operating license, and detailing
of the company's long-term operational development, Nordic Mining has engaged
Arctic Securities and SB1 Markets as financial advisers to assist with
developing its financing strategy going forward.
About Nordic Mining
Nordic Mining ASA ("Nordic Mining" or the "Company"), listed on Euronext Oslo
Børs, is a resource company focused on critical minerals. The Company is
currently in the ramp-up phase at Engebø on the west coast of Norway, the first
greenfield mine established in Norway in 40 years. Through its wholly owned
subsidiary Engebø Rutile and Garnet AS ("ERG"), Nordic Mining holds the mining
rights and required permits for a significant mineral deposit estimated to
support a 39-year life of mine, positioning the Company as one of very few
natural rutile producers globally and the only garnet producer in Europe. In
addition, the Group holds a landowner agreement for a high-purity quartz deposit
in the Kvinnherad Municipality in Norway, where test results confirm world-class
quality. Nordic Mining is now progressing the project toward regulatory
approval. With significant growth opportunities beyond current operations at
Engebø, Nordic Mining's portfolio is of high international standards and
provides a solid long -term value basis for its shareholders.
For more information, please visit www.nordicmining.com
more information\, please visit www.nordicmining.com\