Nordic Mining conditionally agrees a USD 55 million investment from a fund managed by Orion Resource Partners
Nordic Mining ASA (“Nordic Mining” or the “Company”) is pleased to announce that the Company, through its wholly owned subsidiary Nordic Rutile AS, has conditionally agreed a USD 55 million investment from leading mining investment firm Orion Resource Partners (“Orion”), subject to the parties signing binding agreements and the satisfaction of certain conditions and approvals. The proposed investment will comprise of 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