Nordic Mining ASA: Binding garnet Offtake Agreement with leading international distributor of industrial abrasives
Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that the Company, through its wholly-owned subsidiary Nordic Rutile AS, today has entered into a globally exclusive offtake agreement for the full planned garnet production from Engebø for the first 5 years of production (“Offtake Agreement”). The Offtake Agreement is for the supply and delivery of minimum total of 762,500 metric tonnes of garnet concentrate in the 5-year contract period, up to a total of 785,000 metric tonnes, which is the full planned garnet production the first 5-years. The consideration will