Nordic Mining secures landowner agreements for the Engebø project

Nordic Mining has entered into agreements with the main landowners at Engebø. Pursuant to the agreements, Nordic Mining has the right to acquire the area for the planned mineral processing plant. Further, the agreements regulate Nordic Mining's planned extraction activities and compensation to the landowners for sale of all minerals from the Engebø deposit.

Nordic Mining holds all rights and permits necessary for its current operations related to the Engebø project. This includes extraction permits, environmental permit and a zoning plan regulating the use of land for mining, mineral processing and infrastructure in the Engebø area.

The agreements with the landowners regulate Nordic Mining's acquisition of the properties for the planned processing plant, including the existing deep-water harbour facility, and compensation to the landowners related to extraction and sale of all mineral products from Engebø (rutile, garnet and other minerals).

The mining area comprised by the agreements covers mainly the open pit production phase of the Engebø project. In the prefeasibility study which was completed in October 2017, the open pit production period is estimated to 16 years.

The extraction permits granted to Nordic Mining also include the adjacent area for the subsequent underground mining, and Nordic Mining will initiate activities also for this phase.

CEO Ivar S. Fossum comments: “We have had a constructive dialogue with the landowners at Engebø, and we are pleased that agreements have been reached. This provides flexibility and predictability for the development work going forward. As a long-term local operator, we want to establish and maintain a good dialogue and relationship with all neighbors and local stakeholders.”

For further information, please contact CEO Ivar S. Fossum, telephone +47-930 96 850.


Oslo, 7 June 2018
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 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 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. Permits for the project have been granted by the Norwegian government, and a prefeasibility study was completed in October 2017. Nordic Mining's associated company Keliber in Finland is in the process of completing its definitive feasibility study and preparing for production of lithium carbonate. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Norway. Further, the Company holds exploration rights at Reinfjord in northern Norway where a prospective area of sulphide mineralisation has been discovered. Nordic Mining is also exploring opportunities related to seabed mineral resources.

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

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