Aankondiging • Apr 09
Nordic Mining ASA Advances the Nordic Quartz Project At Kvinnherad into Its Next Development Phase Nordic Mining ASA is advancing the Nordic Quartz project at Kvinnherad into its next development phase. Key milestones have now been achieved, including establishment of a dedicated project team and enhancement of the landowner agreement, ensuring long-term stability. The Company is preparing to initiate necessary regulatory processes, engage with potential customers and partners for product validation, and plan a qualified drilling programme to update the mineral resource estimate in accordance with international reporting standards. Together, these developments strengthen the project's foundation and support the Company's plans for further progression. The Kvinnherad quartz deposit, held through the wholly owned subsidiary Nordic Quartz AS, has long been a promising asset in Nordic Mining's portfolio. Recent pilot testing has demonstrated that the deposit can be processed to exceptionally high-purity levels, reinforcing its potential as a future source of a high-value industrial mineral. Nordic Mining is currently initiating dialogue with several potential partners and customers to validate product quality and suitability for industrial applications, such as crucibles, silicon metal and specialized glassware for the semiconductor and solar PV manufacturing value chains. Nordic Mining sees this phase as an important step toward de-risking the project and welcomes interest from parties seeking long-term, high-quality quartz supply or collaboration opportunities in high-value end markets. In collaboration with Dorfner Anzaplan GmbH, Nordic Mining has carried out metallurgic testing and pilot-scale production to support the upcoming product qualification with potential customers. In total, 800 kilograms of processed sample material has been produced from raw quartz feedstock from the Kvinnherad deposit. The material underwent a full industrial processing route, including magnetic separation, acid treatment, and hot chlorination, to replicate the conditions of a finished product. The tests generated high-purity quartz (HPQ) with very low impurity levels, demonstrating that the Kvinnherad quartz deposit is among the most suitable quartz resources globally to produce high-end HPQ. HPQ is a critical raw material used in semiconductors, fiber optics, and solar-grade applications, where high chemical purity and thermal stability are essential. Demand for HPQ continues to rise, driven amongst others by rapid growth in semiconductor manufacturing linked to AI development and data-center expansion. As a key input in chip production, HPQ plays an increasingly strategic role in global technology supply chains. The Company has also strengthened its landowner agreement at Kvinnherad, enhancing prospects for long-term planning and stability for the operations, and securing land access and use rights throughout the life of mine. Nordic Mining has the flexibility to advance the project in line with its overall project strategy. While no material investments have been made to date, the progression and pace of further development will be aligned with the Company's overall funding situation and capital allocation plans. Nordic Mining expects less than NOK 20 million in costs for the project during 2026. Although the Kvinnherad Quartz project represents a highly attractive opportunity, Nordic Mining's primary focus remains the continued ramp-up of the Engebø Rutile and Garnet operation toward design capacity by year-end 2026. Progress at Engebø is well underway and remains the Company's top operational priority. The Kvinnherad Quartz project will advance in parallel without drawing resources from Engebø, while at the same time offering additional value-creation potential for the Company. Aankondiging • Mar 13
Nordic Mining ASA Provides Operational And Ramp-Up Update At Engebø Rutile And Garnet Nordic Mining ASA provided an operational and ramp-up update from Engebø Rutile and Garnet, including progress made since the launch of the improvement plan in January and the key priorities for reaching steady-state production. Nordic Mining continues to advance through the ramp-up phase. Since January, several technical and operational initiatives have been implemented, with early effects now becoming visible, particularly in the wet plant. In February, an independent third-party validation confirmed that the processing plant can operate at full design capacity. Structured ramp-up plan progressing, with clear priorities for both wet and dry plant. Steady-state production at design capacity by year-end remains the target. Technical adjustments underway across circuits, combined with strengthened operational routines and training. Team of technical and operational experts onsite to support the execution of the ramp up plan. Process and logistics setup continues to support efficient operations as stabilization improves. Overall, the plan initiated in January is beginning to deliver results, with the main operational gains expected through Second Quarter as remaining bottlenecks are addressed. Wet plant improvements: Adjustments to water management and process control have improved water quality, supporting lower number of downtime events and higher throughput. Additional effects are expected during Second Quarter. Rutile circuit: Optimization depends on stable dry-plant performance. This remains a key focus area, supported by external rutile-processing expertise now being brought in. WHIMS circuits: Magnetic separators are being tuned and adjusted for increased capacity and more stable output. The Company will publish a production update on April 13 and present its First Quarter results on May 12. Aankondiging • Aug 28
Nordic Mining Announces Receipt of Claim for Injunction Nordic Mining ASA announced that reference made to the stock exchange notice 12 August 2025 regarding the Borgarting Court of Appeal's ruling in the dispute between the NGOs Naturvernforbundet and Natur og Ungdom and the Norwegian state. The NGOs have filed for an injunction against Nordic Mining with the claim that deposit of tailings in the Førdefjord from mining operations shall be prohibited. Nordic Mining will vigorously defend itself against the claim. New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr1.3b free cash flow). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Aankondiging • Dec 13
Nordic Mining ASA, Annual General Meeting, May 27, 2025 Nordic Mining ASA, Annual General Meeting, May 27, 2025. Aankondiging • Dec 06
Nordic Mining ASA Appoints Finn Ivar Marum as CEO, Starting 1 March 2025 Nordic Mining ASA referred to the announcement on 28 June 2024 that Ivar S. Fossum has decided to retire from his position as CEO of the Company. The process of hiring is now completed, and Finn Ivar Marum has been appointed as new CEO of Nordic Mining. He will assume the position starting 1 March 2025. He brings extensive experience from industrial scale up as well as capital markets. Most recently, Mr. Marum was the CEO of the Nortek Group. His prior experience includes Senior Partner of Hitecvision and EVP of Norfund. Mr. Marum holds a Master of International Affairs from Columbia University and a Bachelor of Arts from Concordia College. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr1.2b free cash flow). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Aankondiging • May 09
Nordic Mining ASA Appoints Tord Meling as New Chief Financial Officer, Effective from 12 August 2024 Nordic Mining ASA has appointed Mr. Tord Meling as new Chief Financial Officer (CFO), effective from 12 August 2024. Mr. Meling comes from the private investment company Ojada AS/Sayonara AS where he served as Investment Director and has broad financial and managerial experience. Mr. Meling has also background from Norwegian Air ASA, where he served as Head of aircraft finance and prior held other key financial positions such as Business development manager and Financial consultant during his tenure. Mr. Meling also has audit experience from his time with Deloitte. Aankondiging • Mar 24
Nordic Mining ASA Wins Against AMR on All Counts at the Supreme Court Nordic Mining ASA announced that reference is made to the stock exchange notice from Nordic Mining ASA on 30 November 2022 regarding Artic Mineral Resources' appeal of the ruling from Borgarting Court concerning the Engebø deposit. After full oral arguments before the Supreme Court over 5 days in late January, the Norwegian Supreme Court has ruled. As expected, the ruling is in favour of Nordic Mining on all counts. The court has also ruled that AMR shall pay all legal expenses. With this ruling the litigation from AMR is at an end. As argued by Nordic Mining and the Norwegian Government, the ruling concludes that all minerals in the Engebø deposit ore are owned by the Norwegian state. As a consequence, Nordic Mining, through the mining rights granted by the state, has a sole and exclusive right to mine the Engebø deposit, including titanium and garnet. AMR has never had any claim or rights in the deposit. Aankondiging • Feb 01
Jens Gisle Schnelle Accepts the Role of Interim CFO of Nordic Mining ASA, Effective February 1, 2024 Nordic Mining ASA informed that Jens Gisle Schnelle has accepted the role of Interim CFO starting February 1, 2024. The process of recruiting a successor will continue. Aankondiging • Jan 15
Nordic Mining Asa Announces Resignation of Jens Gisle Schnelle from His Position as CFO Nordic Mining ASA informed that Jens Gisle Schnelle has tendered his resignation from his position as CFO in Nordic Mining to pursue opportunities outside of the Company. The effective date of his resignation will be 31 January 2024. Mr. Schnelle will continue to assist Nordic Mining through a service agreement going forward to ensure a smooth transition. Nordic Mining will immediately start the process to recruit a successor. Aankondiging • Aug 23
Nordic Mining Appoints Jens Gisle Schnelle as New Chief Financial Officer, Effective from 15 October 2023 Nordic Mining has appointed Jens Gisle Schnelle as new Chief Financial Officer (CFO), effective from 15 October 2023. Mr. Schnelle has broad managerial and international finance experience. Mr. Schnelle comes to NOM from former Oslo-listed shipping group Team Tankers International Ltd., where he served as CFO and has been responsible for strategic initiatives, financing, and mergers and acquisitions during his tenure. Prior to that, Mr. Schnelle was Finance Manager at Eitzen Chemical ASA. Aankondiging • May 26
Nordic Mining ASA Announces Appointment of Tom Lileng as New Board Member Nordic Mining ASA announced the appointment of Tom Lileng as New Board Member, at its AGM held on May 25, 2023. Board Change • Nov 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Tony Beckmand was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 19
Nordic Mining ASA Advances Construction Work at Engebø Nordic Mining ASA has decided to advance the construction works of its Engebø Rutile and Garnet Project (“the Project”), in parallel with finalizing the remaining project financing for the Project. Nordic Mining commenced early construction works at Engebø in April 2022, following acquisition of the main properties, and capitalized in second quarter-2022 costs of NOK 87.9 million. Following the successful divestment and close of the sale of the Company’s stake in Keliber Oy to Sibanye Stillwater Limited for EUR 46.9 million, the Company will contribute funds from the sale to continue to advance the construction works at its Engebø Project. The advancement of early works secures important project developments that enables optimizations of the construction schedule. The main construction works will be undertaken by local contractor, Sunnfjord Industripartner AS, under the lump-sum EPC (“Engineering, Procurement and Construction”) contract signed in November 2021. The works will include finalizing construction of the main parts of the process plant area, mine access road and tunnel works. In addition, Detailed Engineering will be continued by the other EPC contractors, Åsen & Øvrelid AS, Nordic Bulk AS and Normatic, under the lump-sum EPC contracts signed last year and earlier this year. Aankondiging • Aug 16
Nordic Mining ASA Appoints Maurice Kok as Commercial Director Nordic Mining ASA announced that the Group's new Commercial Director Maurice Kok took up his position effective from 1 August 2022. Aankondiging • Jun 24
Nordic Mining ASA Announces Keliber Reports Maiden Mineral Resource Estimate for New Tuoreetsaaret Deposit Nordic Mining ASA announced that 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 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%, 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. Aankondiging • Jun 22
Nordic Mining ASA Announces Keliber Completes First Three Phases of Four-Phase Pilot-Scale Test Programme Nordic Mining ASA announced that 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 cooperation with FLSmidth. Keliber states that the purpose of the test programme is to verify the functionality of the ore from the company's large 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. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Tony Beckmand was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 15
Chief Executive Officer recently bought €9.9k worth of stock On the 14th of September, Ivar Fossum bought around 36k shares on-market at roughly €0.27 per share. This was the largest purchase by an insider in the last 3 months. This was Ivar's only on-market trade for the last 12 months. Aankondiging • May 27
Nordic Mining Asa Measures and Indicates Mineral Resources of Keliber's Rapasaari Lithium Deposit Increases by More Than 30% Nordic Mining ASA announces The Meared anand Indicated Mineral Resources of the Rapasaari deposit is increased to 80 million tonnes. This is an increase of 31% from the previous resource estimate. Including Inferred Mineral Resource, the increase is 17.4%. The total Measured and Indicated Mineral Resources of Keliber now total 13.69 million tonnes (previously 11.77). Including the Inferred Mineral Resources, the total Mineral Resources are 15.62 million tonnes (previously 14.19). The average Li2O grade of the Keliber's combined Mineral Resources is 1.05%. Keliber's Mineral Resource estimates comply with the JORC 2012 code, and are reported at a cut-off grade of 0.50% Li2O. Aankondiging • Feb 27
Nordic Mining ASA has completed a Follow-on Equity Offering in the amount of NOK 80 million. Nordic Mining ASA has completed a Follow-on Equity Offering in the amount of NOK 80 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 32,000,000
Price\Range: NOK 2.5 Aankondiging • Feb 10
Nordic Mining ASA Decides to Use Electrical Dryers Instead of Gas Fueled Dryers in the Mineral Processing of Rutile and Garnet At Engebø Nordic Mining ASA has decided to use electrical dryers instead of gas fueled dryers in the mineral processing of rutile and garnet at Engebø. This will reduce the CO2 emissions with over 80%. Nordic Mining has in the process to update the definitive feasibility study (DFS) for Engebø been able to commercialize a concept for use of electrical dryers for drying of minerals in the production process. The concept uses proven technology that has been qualified for increased production volumes. Use of electrical dryers will reduce the CO2 emissions from the project and in effect make the Engebø process plant completely free of CO2 emissions. Is New 90 Day High Low • Jan 19
New 90-day high: €0.23 The company is up 53% from its price of €0.15 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 52% over the same period. Aankondiging • Dec 20
Nordic Mining ASA Announces Final approval for Engebø water pipeline Nordic Mining ASA announced that the Askvoll municipal council has approved the zoning plan for supply of process water for the gebø Rutile and Garnet project. This concludes the needed zoning plans from Sunnfjord and Askvoll municipalities for the projects life of mine. Aankondiging • Dec 10
Nordic Mining ASA Undertakes Large-Scale Project Development At Engebø on the West Coast of Norway Nordic Mining ASA 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 16.3% 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. Aankondiging • Dec 05
Nordic Mining ASA Announces the Approval of the Water Pipeline for the Engebø Project by Chairmanship The Chairmanship in Sunnfjord municipality has approved the regulation of the water pipeline for Skorven to Engebø for ththe supply of water for the Engebø Rutile and Garnet project. The regulation will be finally approved by Sunnfjord and Askvoll municipality councils, expected on 10 and 16 December 2020.