Nordic Mining and Orion Resource Partners signs USD 55 million binding investment agreement
Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that its wholly owned subsidiary Nordic Rutile AS has signed binding agreements with a fund managed by Orion Resource Partners (“Orion”) for USD 55 million investment in the Engebø Rutile and Garnet Project (the “Engebø Project”). The investment comprises a USD 50 million non-dilutive royalty instrument to Nordic Rutile AS and USD 5 million in equity, which will be contributed to Nordic Mining ASA. The royalty instrument is secured, subordinate to the USD 100 million senior secured bond issued on 9 November 2022,