Artic Mineral Resources appeals court ruling
Reference is made to the stock exchange notice from Nordic Mining ASA on 21 October 2021 relating to the ruling from Oslo District Court in the case between its subsidiary, Nordic Rutile, and Artic Mineral Resources (AMR).
AMR has today appealed the ruling. The appeal mirrors the factual and legal arguments that AMR presented to Oslo City Court, and which the court rejected. Nordic Rutile will continue to defend the case rigorously and maintain that AMR's claims have no merit.
Oslo, 17 November 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 12.7% 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”.