Agreement with international lithium chemicals company
Nordic Mining’s associated company Keliber (Nordic Mining owns approximately 25%) has signed a Letter of Intent (“LOI”) with an international chemicals producer with focus on lithium chemicals. By nature, the LOI is a statement of intention to cooperate in good faith in specified areas of mutual interest.
The parties intend to establish a technical and commercial cooperation to evaluate product and marketing strategies for lithium products based on Keliber’s planned production in Finland. The parties will evaluate the possibility that Keliber in the future could be a supplier in the cooperation partner’s extensive international marketing network.
“The LOI is an important confirmation of the growing international awareness of Keliber’s lithium prospects,” says Keliber’s chairman of the board, Markku Isohanni. “We have confirmed in test production that we can produce high-purity lithium carbonate. An important mission going forward would be to develop a suitable product and marketing strategy to optimise our business potential.”
For questions please contact CFO Lars K. Grøndahl, telephone + 47 901 60 941.
Oslo, 15 February 2016
Nordic Mining ASA
Nordic Mining ASA (www.nordicmining.com)
Nordic Mining ASA (“Nordic Mining” or “the Company”) is a resource company with focus on high-end industrial minerals and metals in Norway and internationally. The Company’s project portfolio is of high international standard and holds a significant economic potential. The Company’s assets are in the Nordic region.
Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Permits for the project were granted by the Norwegian government in April 2015. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Hordaland and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining’s associated company Keliber Oy in Finland plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and Finnmark, where the Company has discovered a prospective area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.
Nordic Mining is listed on Oslo Axess.