Nordic Iron Ore receives short-term credit facility
Nordic Iron Ore AB (NIO), an exploration and mine development company with significant iron ore assets outside Ludvika in central Sweden, has entered into an agreement for a short-term credit facility amounting to SEK 10 million.Nordic Iron Ore is a mining development company, listed on Nasdaq First North Stockholm, which is preparing the restart of operations of the iron ore mines Blötberget and Håksberg and the development of the intermediate Väsman field in Ludvika municipality in Central Sweden.To achieve these goals, the company is currently completing a Definitive Feasibility Study