Nordic Iron Ore AB and Cargill sign memorandum of understanding (MOU) to explore long term partnership, including product development, investment in the Blötberget project and product offtake
Nordic Iron Ore AB (publ) (“NIO” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Cargill, Incorporated (“Cargill”) to negotiate a long-term offtake agreement for high grade iron ore concentrate from its Blötberget project located in Dalarna, Sweden as well as setting out the possible terms for Cargill to provide a 50 million SEK investment (‘’Investment’’) into the company as part of a wider capital raise of at least 100 million SEK.The Investment will facilitate the next phase of the development of the project that once completed would