BREAKING NEWS - Nordic Mining has filed for operating licence

inva
NOM 04.02.2019 kl 08:35 19368

04/02-2019 08:33:42: (NOM.OAX) Application for operating license filed for the Engebø project
Nordic Mining ASA, through its wholly owned subsidiary Nordic Rutile AS, has
filed an application for operating licence for the Engebø rutile and garnet
project with the Norwegian Directorate of Mining (Norwegian: Direktoratet for
Mineralforvaltning).
An operating license is required for starting mining operations, and the licence
will regulate operational scope, methodology and procedures to secure safe and
efficient production of the mineral resources. The zoning plan and the
environmental permit for the project have already been irrevocably granted by
the Norwegian authorities.
"The submission of this application represents a key milestone towards
operational readiness for the Engebø project", states CEO Ivar S. Fossum.

The application contains technical and economic information related to the
forthcoming operation at Engebø. Enclosed is a selection of illustrations from
the application showing:

- Open pit overview
- Process plant area overview
- Access road - lower area
- Access road - design details
- Open pit mine design
- Resource and mining works 3D

The Engebø rutile and garnet project

The Engebø deposit is one of the largest unexploited rutile deposits in the
world and has among the highest in situ grade of rutile (TiO2) compared to
existing producers and development projects. The deposit also contains
significant quantities of high-quality garnet. The definitive feasibility study
commenced immediately following completion of the prefeasibility study in
October 2017 and is expected completed mid-2019.

The Engebø project is developed in accordance with high international standards
for environment, health and safety. The deposit has a favourable location at
tidal waters, next to a deep-water port and with smooth shipping and
advantageous logistics to European and overseas markets.

Nordic Mining has signed heads of agreement for offtake of both rutile and
garnet with international partners, which also intend to contribute in the
construction financing of the project.

For questions, please contact CEO Ivar S. Fossum, telephone +47-930 96 850.
Oslo, 4 February 2019
Nordic Mining ASA

Nordic Mining ASA (www.nordicmining.com)
Redigert 21.01.2021 kl 09:42 Du må logge inn for å svare
Boss 99
19.02.2019 kl 09:03 4038

19/02-2019 08:30:07: (NOM.OAX) Nordic Mining ASA (OAX:NOM) - Interim report per 31 December 2018
Enclosed please find Nordic Mining's interim report for fourth quarter 2018. The
interim report and company updates will be presented today, Tuesday 19 February
2019 at 10.00 (CET) in the company's office (address details below). A
presentation and Q&A session will be held in English and transferred via webcast
(details for the webcast below).

Important events in the fourth quarter 2018, the year 2018 and year-to-date
2019:
Corporate

Rights issue to finance the Engebø definitive feasibility study completed
In November 2018, Nordic Mining executed a rights issue of 17,391,304 shares at
a subscription price of NOK 2.30 per share and gross proceeds of NOK 40.0
million. The main purpose of the capital raise was to continue the development
of the Engebø rutile and garnet project towards completion of the definitive
feasibility study. The Barton Group, who has produced the world's highest
-quality garnet abrasives for more than six generations and is also an offtake
partner to Nordic Mining, increased its shareholding from 2.3% to 3.6% in the
rights issue.

Engagement of financial advisor for the Engebø construction financing

In January 2019, Nordic Mining entered into an agreement with Northcott Capital
Ltd for provision of financial advisory services for the debt financing of the
Engebø project.

Engebø rutile and garnet project

Agreement with Japanese trading house on offtake and construction financing
In January 2019, Nordic Mining signed a Heads of Agreement with a reputable
Japanese trading house relating to long term offtake for rutile and
participation with a substantial portion of the construction financing for the
Engebø project. The offtake on rutile is complementary to the Heads of Agreement
previously entered into with the Barton Group relating to offtake and commercial
cooperation for garnet from Engebø. Both agreements will be further developed
and finalized over the next months to secure future cashflows and strengthen the
ability to provide financing for the project.

Positive market outlook for rutile and garnet
High capacity utilization in the pigment industry, reduced stockpiles and
limited supply are key drivers for a continued strong demand for rutile
feedstock. Recent bulk rutile prices (95% TiO2) have been reported to exceed USD
1,100 per tonne. There is currently no production of garnet in Europe, nor any
planned production apart from Engebø.

Application for operating license filed; steady progress on infrastructure and
planning
In February 2019, Nordic Mining filed an application for operating licence for
the Engebø project with the Norwegian Directorate of Mining. The outcome of the
approval process is expected within 12 months. The operating license will
regulate operational scope, methodology and procedures to secure safe and
efficient production of the mineral resources. The zoning plan for the mining
and processing areas and the environmental permit for the project have already
been granted.
Detailed regulation of buildings and infrastructure at the processing plant and
service areas, as well as for the access and haul roads etc. is ongoing. The
zoning plan for the planned pipeline for process water supply is progressing. A
comprehensive monitoring program for various environmental aspects is under
development.

Definitive feasibility activities progressing

The test work activities and the finalization of the flow chart is nearing
completion. Further clarifications relating to configuration of the rutile and
garnet processing circuits have been achieved. In order to assure that the
process plant design parameters are optimized, the completion of the definitive
feasibility study is expected during the second half of 2019.

Nordic Mining has, together with the Barton Group, performed waterjet cutting
testing using garnet products from Engebø. The test results are positive and
indicate performance according to expectations for premium quality garnet
products for cutting speed, finish as well as for abrasive consumption.

Keliber lithium project

Optimizing the business case
In June 2018, Keliber completed the definitive feasibility study for the lithium
project in Finland. The study confirms a profitable business case and outlines
the plans for project execution.
Industry observations indicate that lithium hydroxide to an increasing extent is
used in cathodes for lithium-ion batteries in electric vehicles. To respond to
this development, Keliber has carried out a test program for production of
lithium hydroxide which was successfully completed in December 2018. Battery
-grade product has been produced in laboratory and pilot scales. Optimisation of
process flowsheet and detailed technical and economic assessments are ongoing,
and Keliber targets to conclude its evaluation of the feasibility of a possible
lithium hydroxide production scheme during Q1 2019.

Equity issue successfully completed
On 15 February 2019, Keliber raised EUR 10 million from existing shareholders to
finance ongoing development work and other pre-construction activities.
Following the share issue, Nordic Mining's shareholding in Keliber is
approximately 18.5%. The implied value in the capital raise exceeded the book
value recognized by the Group by approximately NOK 100 million which will be
recognized as a gain in the financial statements for Q1 2019 (ref. Note 6). The
gain is not subject to tax.

Offtake and project financing under way

Keliber has appointed financial advisors and is in dialogue with potential
customers to secure offtake agreements suitable for project financing.

Permitting process progressing
In December 2018, the permit for the Syväjärvi deposit was granted and the
application for the Kalavesi concentrator plant submitted. Applications for the
Rapasaari deposit and the Kokkola chemical plant are targeted for submission in
Q1 2019. Keliber expects clarification of the remaining permits by end of Q3
2019.
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
Grantchester
19.02.2019 kl 11:34 3918

Nok en gang feilvurderer ledelsen leveringstiden av DFS med stor margin. Hva skyldes det ? Jeg mener en av årsakene er manglende intern mining know-how.
"...completion of the definitive feasibility study is expected during the second half of 2019."
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Rookie,
19.02.2019 kl 11:45 3893

https://www.nrk.no/sognogfjordane/gaute-er-klar-for-gruveaksjon-for-fjerde-gong-1.14435950

Gaute har ikke så mye å komme med annet enn han er i mot sjødeponi. Endelig skriver nrk om fagfolk som er for deponi.
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
Slettet bruker
19.02.2019 kl 12:18 3833

hvor mange utsettelser har det vært nå? Da er det vel press på kursen nok en gang. Tydelig at dette ikke er aksjen for småsparerer.
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
Boss 99
19.02.2019 kl 12:26 3817

Det er helt riktig. Her er ingen takk til den som har vert med på støtte dette prosjektet opp gjennom tidene. Så tusen takk til de måtte vere. Kanskje en har vert for grådig.
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
Boss 99
19.02.2019 kl 12:28 3814

Snart 400 k til salgs på 3,80 en som er optimist.
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
inva
19.02.2019 kl 13:08 3771

Debatt
Gruve-saken: – Du snakker ikke for Nord-Norge, Egon
Finnmark trenger arbeidsplasser og verdiskapning. Derfor ble jeg glad da regjeringen i forrige uke, etter en over ti år lang prosess endelig ga grønt lys til utvinning av kobber på Nussir-feltet i Kvalsund kommune.
Publisert:
19.02.19 12:07

https://www.vg.no/nyheter/meninger/i/ddKgj1/gruve-saken-du-snakker-ikke-for-nord-norge-egon?utm_source=vgfront&utm_content=row-4
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
unotert
19.02.2019 kl 13:58 3702

Tipper det er bare for å påvirke ordrebildet negativt.
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare
inva
19.02.2019 kl 14:43 3620

Rød Isaksen svarer på kritikken:

DEBATT 12:33 - 19. februar 2019
Verden trenger mer kobber til det grønne skiftet

https://morgenbladet.no/ideer/2019/02/verden-trenger-mer-kobber-til-det-gronne-skiftet
Redigert 21.01.2021 kl 06:14 Du må logge inn for å svare