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Nordic Mining ASA ( (DE:7NM0) ) has provided an update.
In the first quarter of 2025, Nordic Mining ASA faced challenges in its production ramp-up at the Engebø plant due to design issues in the pump circuits, impacting the production of garnet and delaying rutile production. Despite these setbacks, the company dispatched its first commercial shipment of garnet and is working on modifications to reach steady production by the end of 2025. The company strengthened its liquidity through a bond issue and remains committed to overcoming operational hurdles to achieve its production goals.
More about Nordic Mining ASA
Nordic Mining ASA is a resource company focused on high-end industrial minerals and metals, with significant economic potential in its project portfolio. The company operates primarily in the Nordic region and is engaged in a large-scale construction project at Engebø, Norway, where it holds rights to a substantial eclogite deposit containing rutile and garnet. Additionally, Nordic Mining is involved in other initiatives, including patented technology for alumina production and high purity quartz exploration.
Average Trading Volume: 346,368
Current Market Cap: NOK2.3B
See more data about 7NM0 stock on TipRanks’ Stock Analysis page.