Nordic Mining ASA - Share Issue/Capital Change 2021

First tranche of Sibanye-Stillwater equity investment in Keliber closed

Keliber Oy and Sibanye-Stillwater Limited ("SSW") entered on 23 February 2021

into an agreement for an initial phased equity investment of EUR 30 million. The

first EUR 15 million tranche of the initial investment was closed on 16 March

2021 with SSW subscribing for shares for EUR 15 million.

At the same time, Keliber opened a share issue of up to 250,000 shares to

existing shareholders of Keliber on the same terms as the investment from SSW,

securing Keliber additional EUR 10 million.

Nordic Mining (the "Company") has, as indicated in the stock exchange notices on

24 February 2021 regarding the completed Private Placement for participation in

Keliber's equity raise, the intention of subscribing for up to NOK 45 million

(EUR 4.5 million).

The minimum secured allocation is 39,841 shares, corresponding to around EUR 1.6

million.

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

-releases-and-publications/A11C2EA9163CD13A/

Oslo, 19 March 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".

AI assistant