Press release from Arctic Mineral Resources
We refer to the press release published by Arctic Mineral Resources as referred by Hegnar.no today.
Nordic Mining has carried out extensive investigations on Engebø to establish an efficient and environmentally friendly plan for a long-term and economic production of rutile and garnet. Nordic Mining has been granted extraction rights, and the zoning plan and environmental permit for the project are approved.
According to our recent prefeasibility study, mining and production of rutile (State mineral) requires combined production of rutile and garnet in order to give viable project economics.
For further information, please contact CEO Ivar S. Fossum, telephone +47-93096850.
Oslo, 20 April 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".