Nordic Mining ASA - Share Issue/Capital Change 2022

Nordic Mining ASA: New share capital registered

Reference is made to the stock exchange release on 13 May 2022 regarding

issuance of shares in Nordic Mining ASA (the "Company") under the share option

program.

The share capital increase has today been registered with the Norwegian Register

of Business Enterprises. The Company's new registered share capital is

139,390,063.20 divided into 232,316,772 shares, each with a nominal value of NOK

0.60.

For further information, please contact CFO Christian Gjerde, telephone +47

Oslo, 18 May 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".

AI assistant