Nordic Mining ASA - Share Issue/Capital Change 2021

Sibanye-Stillwater closes EUR 10 million second tranche of equity investment in Keliber

Reference is made to the stock exchange notice on 23 February 2021 regarding the

agreement between Keliber Oy and Sibanye-Stillwater Limited ("SSW") for an

initial phased equity investment of EUR 30 million. In line with the agreement

the second tranche of SSWs initial investment is closed with SSW subscribing for

250,000 shares for EUR 10 million. This makes SSW the largest shareholder in

Keliber with a shareholding of approximately 26.7%.

Nordic Mining owns after SSWs second tranche approximately 12.7% of the shares

in Keliber.

Keliber's press release is available at: https://www.keliber.fi/en/news/news

-releases-and-publications/E0BB18AFFD1CA82F/

Oslo, 20 September 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 16.3% 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".

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