Nordic Mining ASA — M&A Activity 2021

Jun 11, 2021

Nordic Mining commissions Hatch and Sweco as Project Management Consultant for the Engebø project

Nordic Mining commissions Hatch and Sweco as Project Management Consultant for the Engebø project

Nordic Mining has, through its wholly owned subsidiary Nordic Rutile AS, entered

into Letters of Intent ("LOIs") with leading engineering companies Hatch and

Sweco as Project Management Consultant ("PMC") for the Engebø Rutile and Garnet

project (the "Project"). The PMC will be integrated in the owners' team,

reporting to the Engebø Project Director, and will be responsible for process

design, and overall engineering coordination and integration of the selected

partners for Engineering, Procurement and Construction.

Nordic Mining will, with the engagement of the PMC, immediately start Pre

-Construction work to advance selected Detailed Engineering activities earlier

than UDFS project schedule, increasing flexibility on schedule for construction

activities. The parties plan to formalize the final PMC contract by early Q3

"Hatch is excited to continue on this journey with Nordic Mining and bring the

Engebø Rutile and Garnet project into production. Hatch, as the only fully

integrated TiO2 service provider, has been involved with the project since the

scoping study. This project has shown the value in working as an integrated team

with Nordic Mining, and for the Updated Definitive Feasibility, Sweco. We

believe that Nordic Mining has assembled an exceptional team, ready to deliver a

world class hard rock rutile and garnet mine", says Conrad Blake, Global

Director: Titanium.

"Sweco Norge is pleased to be selected by Nordic Mining as their Project

Management Consultant. Signing this Letter of Intent confirms that Sweco's

industry specialists and project managers have the full range of skills needed

to drive projects from early studies to final realisation. Sweco Norge is

looking forward to the teamwork with Nordic Mining and the selected EPC partners

to realise the project in line with execution strategy developed to ensure the

successful construction", says Sigurd Løvfall, EVP Energy.

For questions, please contact Project Manager Kenneth Nakken Angedal, telephone

+47 92640645.

Oslo, 11 June 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".