Nordic Rutile summoned by Artic Mineral Resources in relation operating license appeal
Nordic Mining disclosed in the interim report for the quarter ended 31 December 2020 that one of the appellants to the operating license for Engebø, Artic Mineral Resources (AMR), had served a notice to Nordic Rutile stating its intention to initiate legal proceedings. Nordic Rutile has tonight received a summons from AMR. AMR's claim is contrary to the Directorate of Mining's decision and contrary to the Minerals Act, and is rejected by Nordic Mining in its entirety.
Nordic Mining is awaiting the final confirmation from the Ministry of Trade, Industry and Fisheries, and is confident that the operating license for the Engebø project will be retained as granted in June 2020.
Oslo, 5 March 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”.