Nordic Mining Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Ivar Fossum

Chief executive officer

NOK 4.9m

Total compensation

CEO salary percentage	84.9%
CEO tenure	no data
CEO ownership	0.1%
Management average tenure	no data
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ivar Fossum's remuneration changed compared to Nordic Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-NOK 1m
Jun 30 2024	n/a	n/a	-NOK 20m
Mar 31 2024	n/a	n/a	-NOK 37m
Dec 31 2023	NOK 5m	NOK 4m	-NOK 46m
Sep 30 2023	n/a	n/a	-NOK 106m
Jun 30 2023	n/a	n/a	-NOK 101m
Mar 31 2023	n/a	n/a	-NOK 24m
Dec 31 2022	NOK 3m	NOK 2m	NOK 202m
Sep 30 2022	n/a	n/a	NOK 224m
Jun 30 2022	n/a	n/a	NOK 283m
Mar 31 2022	n/a	n/a	NOK 203m
Dec 31 2021	NOK 3m	NOK 2m	NOK 5m
Sep 30 2021	n/a	n/a	NOK 25m
Jun 30 2021	n/a	n/a	-NOK 35m
Mar 31 2021	n/a	n/a	-NOK 37m
Dec 31 2020	NOK 3m	NOK 2m	-NOK 33m
Sep 30 2020	n/a	n/a	-NOK 75m
Jun 30 2020	n/a	n/a	-NOK 89m
Mar 31 2020	n/a	n/a	-NOK 97m
Dec 31 2019	NOK 3m	NOK 2m	NOK 1m
Sep 30 2019	n/a	n/a	NOK 19m
Jun 30 2019	n/a	n/a	NOK 19m
Mar 31 2019	n/a	n/a	NOK 23m
Dec 31 2018	NOK 3m	NOK 2m	-NOK 72m
Sep 30 2018	n/a	n/a	-NOK 60m
Jun 30 2018	n/a	n/a	-NOK 51m
Mar 31 2018	n/a	n/a	-NOK 49m
Dec 31 2017	NOK 3m	NOK 2m	-NOK 36m

Compensation vs Market: Ivar's total compensation ($USD442.82K) is below average for companies of similar size in the German market ($USD793.15K).

Compensation vs Earnings: Ivar's compensation has increased whilst the company is unprofitable.

CEO

Ivar Fossum (66 yo)

no data

Tenure

NOK 4,891,000

Compensation

Mr. Ivar Sund Fossum serves as Director at Keliber Oy since 2021. Mr. Fossum serves as the Chief Executive Officer of Geological Survey of Finland and Nordic Mining ASA. He serves as Chair of the Board at...

Board Members

Name	Position	Tenure	Compensation	Ownership
Kjell Roland	Independent Chairman	12.8yrs	NOK 500.00k	0.027% € 64.6k
Eva Kaijser	Independent Director	7.5yrs	NOK 300.00k	no data
Kjell Sletsjøe	Independent Deputy Chairman	6.5yrs	NOK 300.00k	0.016% € 38.8k
Benedicte Nordang	Independent Director	5.5yrs	NOK 300.00k	no data
Tom Lileng	Independent Director	1.5yrs	no data	no data

6.5yrs

Average Tenure

Experienced Board: 7NM0's board of directors are considered experienced (6.5 years average tenure).

Nordic Mining Management

Management criteria checks 2/4

Key information

Recent management updates

Nordic Mining ASA Announces Retirement of Ivar S. Fossum as CEO

Nordic Mining ASA Appoints Tord Meling as New Chief Financial Officer, Effective from 12 August 2024

Jens Gisle Schnelle Accepts the Role of Interim CFO of Nordic Mining ASA, Effective February 1, 2024

Nordic Mining Asa Announces Resignation of Jens Gisle Schnelle from His Position as CFO

Nordic Mining Appoints Jens Gisle Schnelle as New Chief Financial Officer, Effective from 15 October 2023

Nordic Mining ASA Announces Appointment of Tom Lileng as New Board Member

Recent updates

New minor risk - Share price stability

Nordic Mining ASA Announces Retirement of Ivar S. Fossum as CEO

Nordic Mining ASA Appoints Tord Meling as New Chief Financial Officer, Effective from 12 August 2024

Nordic Mining ASA Wins Against AMR on All Counts at the Supreme Court

Nordic Mining ASA Wins Against AMR on All Counts at the Supreme Court

Jens Gisle Schnelle Accepts the Role of Interim CFO of Nordic Mining ASA, Effective February 1, 2024

Nordic Mining Asa Announces Resignation of Jens Gisle Schnelle from His Position as CFO

Nordic Mining ASA to Report Q3, 2024 Results on Nov 05, 2024

Nordic Mining Appoints Jens Gisle Schnelle as New Chief Financial Officer, Effective from 15 October 2023

Nordic Mining ASA Announces Appointment of Tom Lileng as New Board Member

Nordic Mining ASA to Report Q1, 2023 Results on May 10, 2023

Insufficient new directors

Nordic Mining ASA Advances Construction Work at Engebø

Sibanye Stillwater Limited (JSE : SSW) completed the acquisition of additional 20% stake in Keliber Oy from Nordic Mining ASA (OB : NOM).

Nordic Mining ASA Appoints Maurice Kok as Commercial Director

Sibanye Stillwater Limited (JSE : SSW) agreed to acquire 20% stake in Keliber Oy from Nordic Mining ASA (OB : NOM) for €46.9 million.

Nordic Mining ASA Announces Keliber Reports Maiden Mineral Resource Estimate for New Tuoreetsaaret Deposit

Nordic Mining ASA Announces Keliber Completes First Three Phases of Four-Phase Pilot-Scale Test Programme

Insufficient new directors

Chief Executive Officer recently bought €9.9k worth of stock

Nordic Mining Asa Measures and Indicates Mineral Resources of Keliber's Rapasaari Lithium Deposit Increases by More Than 30%

Nordic Mining ASA has completed a Follow-on Equity Offering in the amount of NOK 80 million.

Nordic Mining ASA Decides to Use Electrical Dryers Instead of Gas Fueled Dryers in the Mineral Processing of Rutile and Garnet At Engebø

New 90-day high: €0.23

Nordic Mining ASA to Report Q4, 2021 Results on Feb 08, 2022

Nordic Mining ASA Announces Final approval for Engebø water pipeline

Nordic Mining ASA Undertakes Large-Scale Project Development At Engebø on the West Coast of Norway

Nordic Mining ASA Announces the Approval of the Water Pipeline for the Engebø Project by Chairmanship

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure