Nordic Mining ASA - M&A Activity 2021

Nordic Mining enters into agreement for offtake of the remaining rutile production from Engebø

Nordic Mining ASA (the "Company") has signed a term sheet for offtake of rutile

with Kronos (US), INC. a globally leading pigment producer. The agreement will,

together with the Company's agreement with the Japanese trading house, secure

sales for the full annual production of rutile from the Engebø Rutile and Garnet

project for the first five years of production.

The parties will start the process of finalizing the final offtake agreement.

"The agreement underlines the strategic position of Engebø as one of the few new

producers of natural rutile in the coming years", says CEO Ivar S. Fossum.

For further information, please contact CEO Ivar S. Fossum, telephone +47 930

96 850.

Oslo, 20 July 2021

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. Nordic Mining also holds 14.3% of the

shares in Keliber Oy, which is developing a lithium project in Finland to become

the first European producer of battery grade lithium hydroxide.

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".

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