Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OAX Equities |
Sektor | Råvaror |
Industri | Gruvdrift & metaller |
2023-11-16 08:30:07
Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that
the Company, through its wholly owned subsidiary Engebø Rutile and Garnet AS,
has completed drawdown of the USD 50 million non-dilutive royalty instrument
from OMRF (Zr) LLC which is managed by the Orion Resource Partners Group
("Orion"). The USD 50 million drawdown is part of the USD 277 million capital
the Company secured to fully finance the Engebø Project. The Company is
continuing construction of the Engebø Project on cost and time as presented 7
November 2023.
"We are pleased to have completed onboarding of Orion as a long-term financing
partner with the drawdown of the royalty instrument, supporting the good
progress we have on the construction of the Engebø Project. In addition to the
financing contribution, Orion will provide deep mining experience", says Ivar S.
Fossum, CEO of Nordic Mining.
Orion Resource Partners Group (www.orionrp.com)
Orion is an $8.2 billion global asset management firm that specializes in
institutional investment strategies in precious and energy transition metals and
minerals. Headquartered in NYC and with offices in Denver, London, and Sydney,
Orion includes a team of 80 professionals with backgrounds in metals finance,
physical metals logistics and sales, and in-house technical professionals
responsible for risk assessment and portfolio management.
For further information, please contact CFO Jens Schnelle, telephone +47 476 60
355.
Oslo, 16 November 2023
Nordic Mining ASA
Nordic Mining ASA ("Nordic Mining" or the "Company") (www.nordicmining.com) 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 construction project at Engebø on the
west coast of Norway where the Company has rights and permits to a substantial
eclogite deposit with rutile and garnet.
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.
Nordic Mining is listed on Euronext Expand with ticker symbol "NOM".