Final decision on Engebø operating license expected after summer

In November 2020, the Directorate of Mining confirmed that the appeals received in relation to the operating license for the Engebø Rutile and Garnet project did not provide any basis to revoke or change the decision, and informed that the matter had been forwarded to the Ministry of Trade, Industry and Fisheries for final decision on the appeals.

Nordic Mining ASA (the "Company") has earlier communicated that a final decision should be expected in the first half of 2021. This has been delayed as result of revised priorities in the Ministry due to the Covid-19 pandemic, and the final decision is now expected after summer.

The Company is confident that the operating license will be retained as granted in June 2020, which grants Nordic Mining rights to all minerals in the Engebø deposit, and includes an open pit and underground phase, however, with a possibility for revision after 10 years.

For further information, please contact CEO Ivar S. Fossum, telephone +47 930 96 850.

Oslo, 15 July 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”.