Nordic Mining today publishes its annual report for 2025.

"We enter 2026 focused on execution and ready for a year of real progress. As the first new greenfield mine and mineral separation plant in Norway in almost 40 years, we are breaking new ground, and the first phase of any new operation comes with challenges. We are working through ours with focus and transparency, with experienced operational management and technical partners now supporting the team at Engebø. Initial assessments confirm that the asset base can reach design throughput, and we are seeing the early effects of our improvement plan. With a forty-year life of mine and a market underpinned by tightening supply of critical minerals, I am confident 2026 will bring meaningful improvements and real progress", says Finn Ivar Marum, CEO of Nordic Mining.

Key highlights from the report

• 2025 marked the first year of production at Engebø Rutile and Garnet, with a total of 150 metric tons of rutile and 12,729 metric tons of garnet produced
• Slower ramp-up than anticipated, driven by plant uptime, equipment reliability and dry-plant bottlenecks
• Improvement plan launched January 2026, including new operational management and expert support from Systemex, Hatch and Doral
• Main operational gains expected in Q2, with significant effects in H2 2026
• Liquidity assessed by the Board as sufficient, although headroom is limited, and measures to strengthen the position are available if needed
• Steady-state production at design capacity by year-end 2026 remains the target

The top priority for 2026 is to reach steady-state production at design capacity for both rutile and garnet at Engebø. Beyond Engebø, Nordic Mining will continue to develop the quartz deposit in Kvinnherad as announced in April 2026. Reaching steady-state production will unlock the full earnings potential of Engebø, with a long-life, highly efficient operation supplying critical minerals into a market defined by tightening supply and rising demand.

Publication of the Reports
 

The full Annual Report, Remuneration Report and Sustainability Report are attached to this announcement and available on the Company's website: nordicmining.com

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, targeting steady-state production by year-end 2026. 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

This information is subject to disclosure requirements pursuant to Article 5-12 of the Norwegian Securities Trading Act.