Keliber appoints financial advisors for project financing

Nordic Mining’s associated company, Keliber Oy (“Keliber”), has appointed Carnegie Investment Bank AB and Nordea Bank Abp as advisors for the equity financing of its lithium project. Together with Keliber, the advisors will explore different financing options, including a possible Initial Public Offering (“IPO”).

Some months ago, Keliber appointed Northcott Capital Ltd. as the coordinator of the debt financing of the project. Initial contact has been established with relevant banks and other potential sources of debt financing, and assessment of opportunities are ongoing.

“The appointment of financial advisors marks the start of the final phase towards construction for Keliber’s lithium project. Keliber is a pioneer in the production of lithium for battery production in Europe,” says Nordic Mining’s CEO Ivar S. Fossum.

Keliber’s press release regarding the engagement of financial advisors can be found here: https://www.keliber.fi/en/investors/news-releases-and-publications/4644E2111685B2FE/

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


Oslo, 4 February 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".