Nordic Mining’s Annual Report for 2015
Nordic Mining’s Annual Report for 2015 is approved and follows in attachment to this stock market release.
The Board of Directors of Nordic Mining ASA has approved the 2015 annual financial statements for the Group and for the parent company, and the Board of Directors’ report. There are no material changes in the consolidated financial statements compared to the unaudited fourth quarter 2015 report.
Similar to previous years, the auditor's report, which is incorporated in the Annual Report, includes a statutory emphasis of matter related to the further financing of the Group.
For further information please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.
Oslo, 20 April 2016
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 and permits to a substantial eclogite deposit with rutile and garnet. Permits for the project have been granted by the Norwegian government. 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.