Allocation of options to primary insider

On 1 November 2018, the general meeting of Nordic Mining ASA ("Nordic Mining") resolved an option program for leading employees and qualified resource persons (the “Option Program”).

Nordic Mining’s CFO, Christian Gjerde, has today been awarded in total 400,000 options pursuant to the Option Program. Each option gives the right to subscribe for one share in Nordic Mining. The subscription price for each share shall be NOK 2.62 (i.e. equal to the 3-day volume weighted average share price of Nordic Mining prior to the award date plus 5 per cent).

The options will be vested and may be used to subscribe for shares in the Company on the terms and conditions set out in the Option Program. Gjerde does not own any shares in Nordic Mining.

For further information, please contact CFO Christian Gjerde, telephone +47 980 60 909.

Oslo, 22 April 2021
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. The Company’s project portfolio is of high international standard and holds significant economic potential. The Company’s assets are in the Nordic region.

Nordic Mining is undertaking a large-scale project development at Engebø on the west coast of Norway where the Company has rights and permits to a substantial eclogite deposit with rutile and garnet. Nordic Mining also holds 14.3% of the shares in Keliber Oy, which is developing a lithium project in Finland to become the first European producer of battery grade lithium hydroxide.

In addition, Nordic Mining holds interests in other initiatives at various stages of development. This includes patented rights for a new technology for production of alumina and exploration of seabed minerals.

Nordic Mining is listed on Euronext Expand Oslo with ticker symbol “NOM”.