Company update: Adequately financed well into 2021
Nordic Mining (“the Company”) is debt-free and adequately financed for its ongoing and prioritized activities. Due to the uncertainties in the global and national economies imposed by the COVID-19 corona virus, the Company will adjust progress plans and review the Engebø rutile and garnet project with the purpose to increase its resilience to altered market conditions. Based on current forecasts and adjusted work plans, Nordic Mining estimates that the existing working capital is sufficient to fund operations in 2020 and well into 2021.The COVID-19 corona virus is affecting a variety of