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The Directorate of Mining ("DirMin") has today rejected several claims filed by Arctic Mineral Resources AS ("AMR").
AMR has applied for an operational license for mining of garnet and other minerals from the Vevring properties at Engebø. AMR's application covers an area that is comprised by the extraction rights and the operational license granted to Nordic Rutile. DirMin has today rejected AMR's application for an operational license since Nordic Rutile has exclusive rights to the eclogite containing titanium in the area.
Moreover, DirMin rejected AMR's claim that DirMin pursuant to section 32 of the Norwegian Minerals Act shall assess whether or not the garnet in the eclogite can be utilised independently. DirMin has reasoned its rejection by stating the fact that the entire eclogite, including all minerals contained therein, is comprised by Nordic Rutiles exclusive extraction rights to minerals owned by the state.
DirMins decisions are in line with the operating license finally resolved by the Ministry of Trade, Industry and Fisheries on 6 May 2022.
For further information, please contact CEO Ivar Fossum, telephone +47 930 96 850.
Oslo, 25 May 2022
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 12.0% 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".