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2021-02-26

Nordic Mining ASA: New share capital registered

Reference is made to the stock exchange release from Nordic Mining ASA ("Nordic Mining" or the "Company") published 24 February 2021 regarding the completion of the Private Placement.

The Private Placement consisted of 32,000,000 new shares at a subscription price of NOK 2.50 per share, each with a par value of NOK 0.60.

The share capital increase has been registered with the Norwegian Register of Business Enterprises today. Following registration of the new share capital Nordic Mining's share capital has increased by NOK 19,200,000 to NOK 137,695,063.20 divided into 229,491,772 shares, each with a par value of NOK 0.60.

The new shares have also been registered in the VPS and issued to the Managers. Subscribers in the Private Placement that pay for the shares will receive the new shares 1 March 2021.

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

Oslo, 26 February 2021
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 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.

Nordic Mining is listed on Euronext Expand Oslo with ticker symbol "NOM".

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