Nordic Mining ASA — M&A Activity 2022

Oct 20, 2022

Nordic Mining ASA: Binding rutile Offtake Agreement

Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that the Company, through its wholly owned subsidiary Nordic Rutile AS, today has entered into a rutile offtake agreement ("Offtake Agreement").

Nordic Mining secures with this Offtake Agreement, together with the agreement signed with Iwatani Corporation in June 2022, committed sales for up to the full annual production of rutile from Engebø for the first 5 years of production with highly reputable buyers.

The agreement is inter alia subject to certain conditions precedent.

For further information, please contact CEO Ivar S. Fossum, telephone +47 930 96 850.

Oslo, 20 October 2022 Nordic Mining ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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".