Nordic Iron Ore AB secures financing of SEK 20.9 million
Nordic Iron Ore AB ("Nordic Iron Ore" or "the Company") has decided to raise loans totaling SEK 20.9 million. The motive is to provide working capital to evaluate alternative financing options and continued design work.As previously announced, Nordic Iron Ore received a very positive result in November 2020 from the optimization study for the project in Blötberget. Based on this study, discussions have been initiated regarding the project's long-term financing. - The iron ore market is very strong, not least in terms of demand for the high-quality product that we will produce. These are