Barton Group
Nordic Mining has been informed that Barton is not in a position to enter into an offtake agreement for garnet from the Engebø project under the terms set out in the Heads of Agreement entered into between the parties in 2017. Based on the information from Barton, the parties agree that it would not be prudent to pursue the Heads of Agreement further. Nordic Mining will continue and strengthen its marketing efforts to secure garnet offtake based on a generally positive market outlook. The Engebø DFS documents low production costs, a competitive position and represent a long-term