Nordic Mining ASA

Nordic Mining ASA: MoU for cooperation on utilization of tailings from Engebø Rutile and Garnet

Nordic Mining ASA ("Nordic Mining" or the "Company") is pleased to announce that

the Company, through its wholly-owned subsidiary Engebø Rutile and Garnet AS,

has entered into a Memorandum of Understanding ("MoU") with Saferock AS

("Saferock"). The MoU is for a joint product development project on

applicability of residual mineral streams from Nordic Mining's Engebø Rutile and

Garnet project in production of cement binders.

Saferock is a Norwegian technology company developing a product that may reduce

carbon emissions from the concrete industry and utilize residual minerals from

the mining industry. Where regular concrete is made from carbon-intensive

cement, aggregate and water, Saferock uses mine tailings, aggregate and

activators to make concrete.

"The cooperation with Saferock is one of several initiatives that over time will

be taken to search for opportunities to utilize residual mineral waste streams

from Engebø in new value chains", comments Ivar S. Fossum, CEO of Nordic Mining.

"We are pleased to have a cooperation with Nordic Mining, and we are looking

forward to explore the possibility of using their residual mineral waste stream

to produce cement-free concrete", comments Espen Lea, CEO of Saferock.

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

96 850.

Oslo, 23 August 2023

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 construction project 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.

Nordic Mining is listed on Euronext Expand with ticker symbol "NOM".

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