First tranche of Sibanye-Stillwater equity investment in Keliber closed

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Keliber Oy and Sibanye-Stillwater Limited (“SSW”) entered on 23 February 2021 into an agreement for an initial phased equity investment of EUR 30 million. The first EUR 15 million tranche of the initial investment was closed on 16 March 2021 with SSW subscribing for shares for EUR 15 million.

At the same time, Keliber opened a share issue of up to 250,000 shares to existing shareholders of Keliber on the same terms as the investment from SSW, securing Keliber additional EUR 10 million.

Nordic Mining (the "Company") has, as indicated in the stock exchange notices on 24 February 2021 regarding the completed Private Placement for participation in Keliber’s equity raise, the intention of subscribing for up to NOK 45 million (EUR 4.5 million).

The minimum secured allocation is 39,841 shares, corresponding to around EUR 1.6 million.

Keliber’s press release is available at:

Oslo, 19 March 2021
Nordic Mining ASA


Nordic Mining ASA (

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 16.3% 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”.


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