Agreement for Engebø rutile sales and participation in construction financing
Nordic Mining ASA ("Nordic Mining") has today signed a Heads of Agreement with a reputable Japanese trading house (the "Trading House") related to long term offtake for rutile and participation in the construction financing for the Engebø project. The Trading House has a longstanding international track-record and operates within a wide range of industries.The Heads of Agreement is based on the following main principles: · Offtake agreement The basic principles of an offtake agreement for a significant portion of the anticipated production of rutile at Engebø have been agreed. The