Nordic Mining advances construction work at Engebø
Nordic Mining ASA (“Nordic Mining” or the “Company”) has decided to advance the construction works of its Engebø Rutile and Garnet Project (“the Project”), in parallel with finalizing the remaining project financing for the Project. Nordic Mining commenced early construction works at Engebø in April 2022, following acquisition of the main properties, and capitalized in Q2-2022 costs of NOK 87.9 million. Following the successful divestment and close of the sale of the Company’s stake in Keliber Oy to Sibanye Stillwater Limited for EUR 46.9 million, the Company will contribute funds from