Nidhogg Resources Holding AB (publ) (the "Company") announces that during Q2 2026, it will carry out a ground-based magnetic survey within the Sellnäs field exploration permit in the municipality of Borlänge as part of Nidhogg's continued exploration program in Dalarna.

The Sellnäs field covers about 51 hectares and contains about ten historic iron ore mines. The purpose of the survey is to map expected magnetic anomalies of about 1,400 meters in the east-west direction and 400 meters in the north-south direction. The method is completely non-invasive and is performed on foot with a portable magnetometer and GPS.

The iron ore in the area is of the apatite iron ore type - the same ore type as at Idkerberget, about five kilometres to the west, where high levels of rare earth elements (REEs) have been detected. It is also the same type of ore that is mined in the Kiruna mine, where REE mineralizations are well documented.

"The Sellnäs field is an interesting area for mapping mineralization including iron and REE-potential in Dalarna. The combination of historic mines, clear magnetic indications and proximity to confirmed high REE concentrations makes the area prospective for further exploration," says Niclas Biörnstad, CEO of Nidhogg Resources Holding AB (publ).

Contact

Niclas Biörnstad, CEO, Nidhogg Resources Holding AB (publ)
E-post: niclas@nidhoggresources.com
Phone: +46 70 7299769

About Nidhogg Resources Holding AB (publ)

Nidhogg Resources Holding AB (publ), www.nidhoggresources.se, is a Swedish limited liability company with a focus on natural resources. Nidhogg was founded by individuals with a total of over 60 years of experience in the commodities market, with backgrounds ranging from exploration to exploitation as well as sales and a passion for extracting raw materials by applying innovative technology together with existing infrastructure.