Nordic Rutile wins court case against Artic Mineral Resources

Reference is made to the stock exchange notice from Nordic Mining ASA ("Nordic Mining" or the "Company") on 5 March 2021 regarding the legal dispute with Artic Mineral Resources (AMR).

Oslo District Court has today ruled in favour of Nordic Rutile. The ruling rejects AMR's claim for exclusive right to the garnet on the Vevring side of the Engebø deposit and that Nordic Rutile has no rights to the said garnet. The ruling was expected, and Nordic Rutile will now focus on securing awarded legal expenses.

“The Oslo District Court ruling is as we expected, however, we are happy for the court’s confirmation that Nordic Rutile’s extraction rights are valid and that the company has the right to extract and - within the limits of the Norwegian Mining's Act - utilize garnet and all other minerals on the Vevring side of the Engebø deposit. We will now continue to realize the Engebø Rutile and Garnet Project”, says CEO Ivar S. Fossum.

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

Oslo, 21 October 2021
Nordic Mining ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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 12.7% 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”.