Reference is made to the stock exchange notice 30 June 2026 regarding the Ministry of Climate and Environment's decision to uphold the discharge permit for the Engebø operation.
With the support, and a more predictable operational framework confirmed by the authorities, Nordic Mining is directing its attention to the long-term development of Engebø and the Company's broader asset portfolio.
The Company is currently ramping up production of rutile and garnet at Engebø. Rutile is a natural titanium feedstock, used in specialised industrial applications ranging from aerospace to pigments. Titanium feedstock is classified as a critical mineral, and Engebø is one of only two known rutile deposits of significance in Europe, underlining the operation's strategic importance for European raw material supply.
Given the expected stability of the company's operating license, and detailing of the company's long-term operational development, Nordic Mining has engaged Arctic Securities and SB1 Markets as financial advisers to assist with developing its financing strategy going forward.
About Nordic Mining
Nordic Mining ASA ("Nordic Mining" or the "Company"), listed on Euronext Oslo Børs, is a resource company focused on critical minerals. The Company is currently in the ramp-up phase at Engebø on the west coast of Norway, the first greenfield mine established in Norway in 40 years. Through its wholly owned subsidiary Engebø Rutile and Garnet AS ("ERG"), Nordic Mining holds the mining rights and required permits for a significant mineral deposit estimated to support a 39-year life of mine, positioning the Company as one of very few natural rutile producers globally and the only garnet producer in Europe. In addition, the Group holds a landowner agreement for a high-purity quartz deposit in the Kvinnherad Municipality in Norway, where test results confirm world-class quality. Nordic Mining is now progressing the project toward regulatory approval. With significant growth opportunities beyond current operations at Engebø, Nordic Mining's portfolio is of high international standards and provides a solid long -term value basis for its shareholders.
For more information, please visit www.nordicmining.com