New equity in place for Keliber

Nordic Mining’s associated company Keliber Oy (“Keliber”) in Finland has concluded a rights issue with gross proceeds of EUR 0.6 million. The financing will be used for further development work, primarily related to a pre-feasibility study (“PFS”) scheduled for completion in fall 2015.

Nordic Mining participated pro rata to its ca 25% shareholding in Keliber.

The rights issue was oversubscribed by approximately 14% by the existing shareholders.

CEO Ivar S. Fossum comments: “The PFS is an important exercise where parameters and preliminary financial estimates for an industrial lithium project will be outlined. Keliber’s significant increase of the mineral resource estimates following from last years’ drilling is an exciting base for the PFS.”

For further information please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.


Oslo, 7 July 2015
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.

Through the subsidiary Nordic Rutile AS Nordic Mining is undertaking a large-scale project development at Engebøfjellet in Sogn and Fjordane where the Company has rights to a substantial eclogite deposit with rutile and garnet. Nordic Mining has rights for exploration and production of high-purity quartz in Kvinnherad in Hordaland and develops the project through its subsidiary Nordic Quartz AS. Nordic Mining’s associated company Keliber Oy in Finland plans to start mining of lithium bearing spodumene and production of lithium carbonate. Nordic Mining holds exploration rights on the Øksfjord Peninsula in Troms and Finnmark, where the Company has discovered a prospective area of sulphide mineralisation. Through the subsidiary Nordic Ocean Resources AS, Nordic Mining is exploring opportunities related to seabed mineral resources.

Nordic Mining is listed on Oslo Axess.