Successful share issue in Keliber

Nordic Mining’s associated lithium company Keliber Oy (“Keliber”) has successfully concluded a share issue with gross proceeds of EUR 2.96 million. Subsequent of the share issue, Nordic Mining’s shareholding in Keliber is approximately 25.1%.

Keliber has successfully concluded a share issue with gross proceeds of EUR 2.96 million. The share issue was subscribed by the existing shareholders of the company. Nordic Mining participated in the share issue and remains the largest shareholder in Keliber. Subsequent of the share issue, Nordic Mining’s shareholding in Keliber is approximately 25.1%.

CEO Ivar S. Fossum comments: “We are excited about the progress in Keliber and the positive outlook for the lithium industry as a provider for a greener society.”

The new financing will be used for the ongoing definitive feasibility study (“DFS”), the environmental permitting process related to the future operations, and other activities in connection with the lithium project. The DFS is scheduled for completion in Q2 2017.

In total, approximately 74,000 new shares have been allocated to eligible subscribers in the share issue. Subsequent of the share issue Keliber has around 829.000 shares.

For further information please contact CFO Lars K. Grøndahl, telephone +47 901 60 91.


Oslo, 2 December 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 with ticker symbol “NOM”.