Memorandum of Understanding for offtake of pyrite from Engebø
Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that the Company its wholly-owned subsidiary, Nordic Rutile AS, has entered into a Memorandum of Understanding (“MoU”) for a long-term joint cooperation for the offtake of pyrite from the Engebø Rutile and Garnet Project (the “Engebø Project”). Pyrite (Iron sulfate) is a mineral that is present in the Engebø Eclogite-ore and that will be separated in the process of purifying the rutile concentrate. Nordic Mining will in partnership with Green Trail Holding Ltd, a trading company with over 30 years of experience,