Nordic Mining granted new Exploration Right for Rare Earth Elements
7/6/2012 2:50 AM EST
Nordic Mining has been granted Exploration Right for Rare Earth Elements
(REE) in Lebesby municipality on the Nordkinn Peninsula in Finnmark,
Norway (ref. claim number 2433-1/2011). The Exploration Right area is 6
km2. The Geological Survey of Norway has carried out analysis of till
samples from large parts of Northern Norway. Samples from the Nordkinn
Peninsula in particular, show an elevated content of Lanthanum, Cerium
and Neodymium among other Rare Earth Elements.
CEO Ivar S. Fossum comments: "Rare Earth Elements are highly valued
minerals with advanced and important industrial applications, thus
fitting well with Nordic Mining's focus on high-end metals and minerals.
The Nordkinn Peninsula in Finnmark and other regions in Norway may hold
prospective areas for such elements."
Nordic Mining ASA
Nordic Mining ASA ("Nordic Mining" or "the Company") is a resource
company with operating activity and focus on high-end industrial
minerals and metals in Norway and internationally. The Company's project
portfolio is of high international standard and holds a significant
economic potential. The Company's assets are mainly in the Nordic
region.
The Company has production of anorthosite products through its
subsidiary Gudvangen Stein AS. Further, Nordic Mining through its
subsidiary Nordic Rutile AS is undertaking large-scale project
development at Engebøfjellet in Sogn and Fjordane where the Company has
rights to a substantial eclogite deposit with rutile and garnet. Nordic
Mining has rights for exploration and production of high-purity quartz
in Kvinnherad municipality in Hordaland county and develops the project
through its subsidiary Nordic Quartz AS Through its subsidiary Keliber
Oy in Finland, Nordic Mining plans to start mining of lithium bearing
spodumene and production of lithium carbonate.
Nordic Mining is listed on Oslo Axess.
For questions please contact CEO Ivar S. Fossum, telephone +47 930 96
850.
Oslo, 6 July 2012
Nordic Mining AS