Dubious project scheme from Arctic Mineral Resources
On 20 April 2018, Arctic Mineral Resources AS (“AMR”), headed by its co-owner SLM Partners AS published information of a mineral project scenario focusing solely on garnet in the area for Nordic Mining's Engebø rutile and garnet project. In Nordic Mining’s opinion, AMR's project is not substantiated and lacks credibility.Reference is made to Nordic Mining's stock exchange release on 20 April 2018.AMR's project initiativeAMR claims that a stand-alone garnet project can be established based on underground operations and with no disposal of tailings.Nordic Mining sees no evidence of