Nordic Mining ASA — Capital/Financing Update 2022

Dec 8, 2022

Nordic Mining partners with Metso Outotec for comminution circuit for Engebø Rutile and Garnet

Nordic Mining partners with Metso Outotec for comminution circuit for Engebø Rutile and Garnet

Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that

its wholly owned subsidiary Nordic Rutile AS ("Nordic Rutile") has entered into

an agreement with Metso Outotec, a leading supplier of sustainable end-to-end

technologies, solutions, and services for the minerals industry globally, for

delivery of a comprehensive comminution technology package for the Engebø Rutile

and Garnet project.

The technology package includes delivery of primary and secondary mills, stack

sizer and vibrating screens. The agreements include pre-production pilot scale

confirmatory testwork and minimum 3-year collaborative optimization agreement

focusing on securing ramp-up of production to design criteria and ongoing

optimization of the comminution circuit the first years of production. This is

the first major contract for critical process equipment and will represent up to

30% of the total process equipment expenditure.

Metso Outotec will be the main technology provider for comminution circuit for

Engebø Rutile and Garnet, which delivery includes the crushers as part of the

lump-sum Engineering, Procurement and Construction contract with Nordic Bulk AS.

"This is another important milestone for the Engebø Project. We are very pleased

to partner with Metso Outotec as technology provider for this vital process

equipment", says CEO Ivar S. Fossum.

"Engebø is the first green field industrial mineral production site developed in

Norway in almost 40 years. We are proud of being selected as a supplier and

partner in making this project successful", says Vice President, Sales and

Services Nordic in Metso Outotec, Roar Vasbø.

For further information, please contact Operations Director - Engebø Rutile and

Garnet, Kenneth Nakken Angedal, telephone +47 926 40 645 or Project Director,

Terje Gundersen, telephone +47 944 36 710.

Oslo, 8 December 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. 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".