Nordic Mining ASA — M&A Activity 2022

Apr 21, 2022

Nordic Mining starts early construction work at Engebø

Nordic Mining has, after closing of the acquisition of the main properties at Engebø, started early construction works. The early works includes preparing the properties for construction, continuation of detailed project planning and process for procurement of critical process equipment, and commencement of groundworks on process plant area and preparatory works for tunnelling. The early works is expected to last up to the completion of the remaining project financing, which is targeted in H1 2022, and secures important project developments that enables optimizations of the construction schedule.

For questions, please contact Operations Director - Engebø Rutile and Garnet, Kenneth Nakken Angedal, telephone +47 92640645.

Oslo, 21 April 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. Nordic Mining also holds 12.0% 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".