Engagement of financial debt advisor

Nordic Mining ASA has today entered into an agreement with Northcott Capital Ltd (“Northcott”) for provision of financial advisory services with respect to debt financing of the Engebø rutile and garnet project.

CFO, Birte Norheim, states: “We are pleased to partner with independent and reputable advisor Northcott for debt funding of the Engebø project. Completion of project financing is subject to finalization of the definitive feasibility study, and we are now speeding up the preparatory workstreams to secure the debt financing.”

Northcott is a UK-based independent financial advisor within the metals and mining industry with a solid track record including advising on 55 global transactions in 37 countries and raising USD 15bn in capital for its clients. Please see http://www.northcottcapital.com/ for more information about Northcott.

For questions please contact CFO Birte Norheim, telephone +47 952 93 321.


Oslo, 30 January 2019
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.

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. Permits for the project have been granted by the Norwegian government. The definitive feasibility study was initiated directly following completion of the prefeasibility study in October 2017. Nordic Mining’s associated company Keliber completed the definitive feasibility study for its lithium project in Finland in June 2018. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Norway. Further, the Company holds exploration rights at Reinfjord in northern Norway where a prospective area of sulphide mineralisation has been discovered. Nordic Mining is also exploring opportunities related to seabed mineral resources.

Nordic Mining is listed on Oslo Axess with ticker symbol "NOM".