Agreement for Engebø rutile sales and participation in construct


Agreement for Engebø rutile sales and participation in construction financing
Nordic Mining ASA ("Nordic Mining") has today signed a Heads of Agreement with a
reputable Japanese trading house (the "Trading House") related to long term
offtake for rutile and participation in the construction financing for the
Engebø project. The Trading House has a longstanding international track-record
and operates within a wide range of industries.
The Heads of Agreement is based on the following main principles:

· Offtake agreement

The basic principles of an offtake agreement for a significant portion of the
anticipated production of rutile at Engebø have been agreed. The offtake
agreement will be established with a purpose of bankability, i.e. to facilitate
the financing of the Engebø project.

· Construction financing

The Trading House intends to participate with a substantial portion of the
construction financing of the Engebø rutile and garnet project. The form and
amount of contribution will be further developed as part of the total solution
for the project financing.

Comments from Nordic Mining:

"We are very pleased with the agreement and look forward to a long-term
cooperation with the Trading House," says CEO Ivar S. Fossum. "The commercial
principles that are now in place both for rutile and garnet are expected to
contribute positively to the financing process for the Engebø project."

Comments from the Trading House:

"We value the solid relationship that we have developed with Nordic Mining. It
is our priority to secure long-term supply base of quality feedstocks and the
cooperation with Nordic Mining is an important part of our corporate strategy."

For questions, please contact CEO Ivar S. Fossum, telephone +47-930 96 850.

Oslo, 31 January 2019, Nordic Mining ASA
Redigert 31.01.2019 kl 08:59 Du må logge inn for å svare

kjempebra melding.
Rookie,
31.01.2019 kl 09:03 1222

Ja denne var bra!!
The Trading House intends to participate with a substantial portion of the
construction financing of the Engebø rutile and garnet project.

så kjem keliber med ei tilsvarende nå, så smeller det skikkelig
Rockall
31.01.2019 kl 19:28 973

Når kommer tsunamien av alle nye aksjer som må til..? Hvor mye verdt er dette Engebøfjellet, egentlig, og kommer det mer av annet som kan erstatte rutil..?
Rookie,
31.01.2019 kl 19:35 956

Dette var mange bra spørsmål gitt. Bare hold deg borte fra Nom du så slipper du å bekymre deg.
Rockall
31.01.2019 kl 19:56 920

De var ikke berettiget, ok, under NOMs verdighet...

Jeg kan kjøpe fra tsunamien, da, billigst mulig inngang nærmest mulig realisering. Vi ses, kompis.

Må si meg enig med Rookie at Rockall bør hølde seg langt unna Nom.