Nordic Mining ASA: Completed drawdown of USD 50 million royalty instrument
Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that the Company, through its wholly owned subsidiary Engebø Rutile and Garnet AS, has completed drawdown of the USD 50 million non-dilutive royalty instrument from OMRF (Zr) LLC which is managed by the Orion Resource Partners Group (“Orion”). The USD 50 million drawdown is part of the USD 277 million capital the Company secured to fully finance the Engebø Project. The Company is continuing construction of the Engebø Project on cost and time as presented 7 November 2023. “We are pleased to have completed