Nordic Mining ASA — Capital/Financing Update 2025

Oct 15, 2025

Nordic Mining ASA: Engebø Rutile and Garnet AS Successfully completed tap issue

Nordic Mining ASA: Engebø Rutile and Garnet AS Successfully completed tap issue

References is made to notice 25 September 2025 regarding contemplated USD 22.5

million tap issue by Nordic Mining ASA's wholly owned subsidiary Engebø Rutile

and Garnet AS ("ERG").

ERG has today successfully completed the tap issue to its Engebø Rutile and

Garnet AS 12.5% Senior Secured Bonds 2022/2027 with ISIN NO0012734112 (ticker

ERUGA) priced at 98.00% of par. The total outstanding amount under the Bonds

following the tap issue is USD 155.5 million.

Clarksons Securities acted as Bookrunner for the tap issue.

Oslo, 15 October, 2025

Nordic Mining ASA