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Nordic Mining ASA ( (DE:7NM0) ) has shared an announcement.
Nordic Mining ASA experienced delays in its ramp-up due to operational and technical issues but remains committed to delivering its first rutile cargo by the end of the first quarter of 2026. The company has revised its ramp-up plan and aims to reach design capacity by late second quarter 2026. Despite reporting an operating loss in the third quarter, Nordic Mining successfully raised additional funds through a bond issuance and considers its liquidity sufficient to fund operations until achieving positive cash flow. The company is also involved in a legal case concerning its permits, with a verdict expected soon.
More about Nordic Mining ASA
Nordic Mining ASA is a resource company focused on critical minerals, undertaking industrial development at Engebø in Norway through its subsidiary Engebø Rutile and Garnet AS. The company holds mining rights to a significant eclogite deposit containing rutile and garnet and is also exploring a high purity quartz deposit in Kvinnherad Municipality. Nordic Mining’s projects are of high international standards with substantial economic potential, providing a solid value basis for its shareholders.
Average Trading Volume: 435,590
Current Market Cap: NOK1.52B
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