Nordic Mining secures 24% of Keliber share issue

In March 2021, following the closing of the first EUR 15 million investment from Sibanye-Stillwater Limited (“SSW”), Keliber opened a share issue of up to 250,000 shares to existing shareholders. Nordic Mining has been allocated 58,975 shares at an issue price of EUR 40 per share corresponding to approximately 23.6% of the share issue. Nordic Mining will after closing of the issue own approximately 14.3% of the shares in Keliber.

For further information, please contact CFO Christian Gjerde, telephone +47 980 60 909.

Oslo, 19 April 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 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”.