Nordic Mining ASA

Nordic Mining ASA (EN Oslo Børs:NOM): Operational update

Nordic Mining ASA informs that production volumes at Engebø are behind the

internal ramp-up plans due to design issues in the pump circuits. As announced

in the interim report for the fourth quarter 2024 which was released on 11[th]

February, temporary short-term solutions were put in place while awaiting

remedied equipment. The permanent solution was delivered installed by the

responsible contractor. However, the equipment did not perform according to

expectations. Consequently, the first shipments of garnet and rutile will be

delayed.

We are experiencing challenges related to the design of the slurry pump circuits

which will potentially require modifications on several units to gain sufficient

capacity to be able to reach steady state production at design capacity. This is

affecting the ongoing production ramp-up, and we are currently only producing

garnet and at a lower volume than planned. Despite these issues, Nordic Mining

remains committed to reaching steady production at design capacity for both

rutile and garnet by the end of 2025.

Oslo, 30 March 2025

Nordic Mining ASA

Nordic Mining ASA ("Nordic Mining" or the "Company") (www.nordicmining.com) 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 and exploration

of high purity quartz.

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

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